Condo in Palm Beach, FL 33480

Atriums Of Palm Beach, 3400 S Ocean Blvd #OFC

Enjoy magnificent unobstructed Intracoastal and sunset views from this 6th floor corner unit. Each room has access to a large wrap around balcony. The Atriums offers a safe and secure lifestyle with 24/7 Doormen. Situated on 600 feet of private beach, you will stay in shape with 2 tennis courts, fitness center. There is an assigned garage parking space. The interior of this unit has been well maintained and awaits your ideas for a new fresh appearance. Imagine an open kitchen overlooking the Waterway! Come see it for yourself! On Thursday April 23, 2020 the Atriums Board of Directors passed a motion to approve a Special Assessment in the approximate sum of $1.6 million dollars for concrete restoration. Owners will be billed in 3 equal installments with the first payment due June 1, 202 and subsequent payments due annually May 1, 2021 and May 1, 2022.The amount due for each installment is $4,285.00. The first installment will be used to cover the cost of the garage repairs which is expected to be approximately $320,000. There was a motion to approve a line of credit from BB&T for $1 million to be used and drawn against only if work progress and payments to the contractor outpace the 3-year installment plan being offered to the owners. This information has been taken from the Atriums Board Minutes