Atlantic Luxury Advisors
Under contract. Ask us to watch it: if it comes back on the market, you hear first.
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25 photos

5200 Flagler #1106

West Palm Beach, FL 33407

$399,000
2
2
1,235 sq ft
1974
Condominium
$1,527/mo
Yes
Yes
23
Active Under Contract

Listing courtesy of Echo Fine Properties (Franco Enzo Camacho). Contact: [email protected].

About this home

Welcome to Placido Mar, a private waterfront residence in West Palm Beach's sought-after Northwood Harbour Marina District. Positioned directly along the Intracoastal Waterway with sweeping views toward Palm Beach Island, this gated community offers a rare combination of waterfront living, privacy, and convenience. Located on the 11th floor, this spacious 2-bedroom, 2-bathroom residence features a desirable split-bedroom floor plan with beautiful, elevated views and abundant natural light. Residents enjoy an attended lobby, fitness center, tennis court, resort-style pool, and a private common dock ideal for kayaking, fishing, or simply enjoying the waterfront surroundings. A dedicated carport space is also included. The building has undergone significant improvements, with the assessment fully paid by the seller. Recent and ongoing upgrades include freshly painted and renovated balconies, new elevators, a remodeled lobby, a new fire alarm system, replacement of all fire doors, parking lot resurfacing, and new landscaping currently in progress. The beautifully maintained grounds further enhance the community's appeal. Placido Mar is ideally located just minutes from Downtown West Palm Beach, CityPlace, Palm Beach, fine dining, shopping, entertainment, and nightlife. With major luxury developments such as the new Alba Palm Beach and the Mandarin Oriental Residences coming nearby, the Northwood Harbour Marina District continues to experience exciting growth and transformation. A wonderful opportunity to own a waterfront residence in one of West Palm Beach's most desirable emerging locations.

What it costs to own
Estimated monthly payment
$4,317/mo
Principal and interest
$2,018
Property tax
$522
Homeowners insurance
$250
HOA
$1,527

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$6,263/yr

Estimate: the price times the Palm Beach County average total millage (17.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$1,527/mo (from the listing)
FEMA flood zone
Lookup unavailable. Check the FEMA map
Hurricane evacuation zone
Zone D: ordered to evacuate for Category 3 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.