3550 South Ocean Homes for Sale

3550 South Ocean Condo is a luxury gated, waterfront, luxury community in South Palm Beach, Palm Beach County, Florida. Properties are priced from $1,900,000 to $4,000,000. Pure Equity lists homes in 3550 South Ocean 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 3550 South Ocean and the South Palm Beach 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 a single listing for 3550 South Ocean South Palm Beach homes for sale as of October 2026. The median asking price is $5.0M.

That is 909% above the South Palm Beach median of $495,000. On a per-foot basis, homes here ask about $1,685 per square foot, compared with $396 across South Palm Beach. So the median price buys roughly 2,950 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 242 days on the market. That is slower than the South Palm Beach average of 131 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in 3550 South Ocean date from 2019, so they are about 7 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

3550 South Ocean is a gated community. Therefore, expect to register visitors and contractors with the gate before each visit.

3550 South Ocean 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.

At a median near $5.0M, 3550 South Ocean sits in the luxury tier of South Palm Beach. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in 3550 South Ocean have a median asking rent of $40,000 per month, across 2 active rental listings. For comparison, the South Palm Beach median is $7,000, so rents here run 471% higher.

You can browse current South Palm Beach rentals or ask us for a rent estimate on a specific 3550 South Ocean home.

Here is what the median 3550 South Ocean price means in Florida closing terms. At $5.0M, a 20% down payment comes to about $999,000, leaving a loan near $4.0M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $13,986. Next, the intangible tax of 0.2% adds about $7,992. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the 3550 South Ocean median, that is about $34,965.

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 3550 South Ocean listings show assignments to Lantana (elementary), Lantana Community (middle) and Lake Worth (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.