Portofino Of Ocean Ridge Homes for Sale

Portofino Of Ocean Ridge Condo is a luxury gated, waterfront, luxury community in Ocean Ridge, Palm Beach County, Florida. Properties are priced from $3,200,000 to $3,400,000. Pure Equity lists homes in Portofino Of Ocean Ridge and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Portofino Of Ocean Ridge and the Ocean Ridge area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 2 Portofino Of Ocean Ridge Ocean Ridge homes for sale as of October 2026. The median asking price is $3.1M. Asking prices run from $3.0M to $3.19M.

That is 94% above the Ocean Ridge median of $1.59M. On a per-foot basis, homes here ask about $1,034 per square foot, compared with $818 across Ocean Ridge. So the median price buys roughly 3,000 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 27 days on the market. That is faster than the Ocean Ridge average of 114 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Portofino Of Ocean Ridge date from 1996 to 1998. That puts them between 28 and 30 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Portofino Of Ocean Ridge is a gated community. Therefore, expect to register visitors and contractors with the gate before each visit.

Portofino Of Ocean Ridge includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Portofino Of Ocean Ridge is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

At a median near $3.1M, Portofino Of Ocean Ridge sits in the luxury tier of Ocean Ridge. Jumbo financing and proof of funds usually come up early in these negotiations.

Here is what the median Portofino Of Ocean Ridge price means in Florida closing terms. At $3.1M, a 20% down payment comes to about $619,000, leaving a loan near $2.48M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $8,666. Next, the intangible tax of 0.2% adds about $4,952. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Portofino Of Ocean Ridge median, that is about $21,665.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Portofino Of Ocean Ridge listings show assignments to Forest Park (elementary), Congress (middle) and Boynton Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.