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+29 photosLuxury condo — 3140 S Ocean Boulevard 502S · Carlton Place Condo · Palm Beach
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Open property magazine$2,795,000
3140 S Ocean Boulevard 502S, Palm Beach, FL 33480
Palm Beach, FL, 33480
2 bd · 2 ba · 2,220 sqft
Listed by Engel & Volkers Wellington
3140 S Ocean Boulevard 502S, Palm Beach, FL 33480
Listed by Engel & Volkers Wellington
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Estimated monthly payment
$20,042/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $20,042/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: Zone not provided · verify insurance quotes before buying.
About this home
Find similar homesA rare offering in one of Palm Beach's most exclusive oceanfront buildings, this beautifully reimagined 2-bedroom, 2½-bath residence is currently the only home available for purchase at Carlton Place. Completed to the highest standards, this exceptional residence has undergone a comprehensive gut renovation, leaving virtually every surface, system, and finish brand new. The result is a sophisticated, turnkey home that seamlessly blends timeless design with modern luxury. Thoughtfully redesigned to maximize natural light and capture views of both the Atlantic Ocean and the Intracoastal Waterway, the spacious floor plan offers elegant living and effortless entertaining. Expansive glass doors open to generous terraces where you can enjoy ocean breezes, spectacular sunrises, and breathtaking sunsets. The custom chef's kitchen serves as the heart of the home, featuring premium appliances, bespoke cabinetry, and exquisite stone countertops. The open-concept living and dining areas create a warm yet refined atmosphere for everyday living and entertaining alike. The spacious primary suite is a private retreat with custom-designed closets, and a luxurious spa-inspired bath. A generous guest suite with its own en-suite bath provides exceptional comfort and privacy, while the stylish powder room is perfect for visitors. The Oceanfront Residents of Carlton Place enjoy a full-service luxury lifestyle with 24-hour gate security, attentive management, private beach access, a beachfront swimming pool and spa, Har-Tru tennis courts, a modern fitness center, and impeccably maintained grounds. Ideally located on Palm Beach's coveted South End, you're just minutes from Worth Avenue, world-class dining, golf, and the best the island has to offer. With inventory in Carlton Place exceptionally limited, this is a unique opportunity to own a completely renovated, move-in-ready residence in one of Palm Beach's premier oceanfront communities.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
116 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Building health
- Building
- CARLTON PLACE CONDO· MLS
- Year built
- 1982· MLS
- Stories
- 5· MLS
- Units
- Not provided —
- Milestone inspection
- Not provided —
- Milestone date
- Not provided —
- SIRS
- Not provided —
- SIRS date
- Not provided —
- Special assessments
- Not provided —
- Assessment amount
- Not provided —
- Assessment purpose
- Not provided —
- Assessment due date
- Not provided —
- Reserves
- Not provided —
- Minimum lease term
- Not provided —
- Rentals per year
- Not provided —
- Pet rules
- No· MLS
- Age restriction (55+)
- Not provided —
- HOA fee
- $3,627 / month · billed Monthly· MLS
Last updated Not provided, source: MLS remarks —
Always review the association's milestone inspection report, SIRS, budget and the last 24 months of board minutes before you buy.
Property Details
Your costs (est.)
≈ $20,042/mo
3140 S Ocean Boulevard 502S, Palm Beach, FL 33480 · Palm Beach
Location
3140 S Ocean Boulevard 502S, Palm Beach, FL 33480
One home, every check
Dock & Draft Match™ brings this home's dock length, low-water depth, every bridge, the ocean run, frontage and yacht size together in one place. Estimate only, not guaranteed. Verify before you buy or sell.
What buyers ask about this home
What are the estimated monthly carrying costs at 3140 S Ocean Boulevard 502S, Palm Beach, FL 33480?+
Property tax (after sale): $1,912/month est.; homeowners insurance: $0/month est.; HOA: $3,627/month. Fixed ownership costs before a mortgage: $5,539/month est. Principal and interest: $14,503/month; PMI: $0/month. Total for the payment scenario shown: $20,042/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 3140 S Ocean Boulevard 502S, Palm Beach, FL 33480?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 3140 S Ocean Boulevard 502S, Palm Beach, FL 33480 need flood insurance, and what drives the premium?+
Most of Palm Beach sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should I check about the association before buying 3140 S Ocean Boulevard 502S, Palm Beach, FL 33480?+
For a Florida condo, review the milestone structural inspection and the Structural Integrity Reserve Study, current reserve balances, any pending or recently voted special assessment, the association's insurance and its litigation history. Ask how many units are owner-occupied and whether the lender will approve the building — a poorly funded association is the single biggest hidden cost in a condo purchase.
Can 3140 S Ocean Boulevard 502S, Palm Beach, FL 33480 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Palm Beach luxury buildings limit leases to once or twice a year with a minimum term and require board approval and an application fee. Request the declaration and rules before your inspection period ends if rental income matters to your plan.
Is there room to negotiate on 3140 S Ocean Boulevard 502S, Palm Beach, FL 33480?+
This listing has been on the market 116 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Palm Beach. Historic island address — Worth Avenue, oceanfront estates, and the Breakers, with private clubs throughout.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Lake Worth Community Middle
Middle school · 2.7 mi from this home · 1300 Barnett Dr, Lake Worth
Zone boundaries published by School District of Palm Beach County.
Other options for this address
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
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