Atlantic Luxury Advisors
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101 photos

2727 OCEAN #1502

Highland Beach, FL 33487

$4,750,000
3
3
3,530 sq ft
1982
2 car
Condominium
$5,014/mo
Yes
Yes
2
Active

Listing courtesy of Douglas Elliman (Michael R Weiss). Contact: [email protected].

About this home

Presenting The Penthouse at Villa Magna, a remarkable Highland Beach residence where two horizons meet. High above the Atlantic, PH1502 offers 3,530 SF of measured interior living space, three bedrooms, expansive glass, sweeping Atlantic and Intracoastal views, and nearly 1,900 SF of outdoor living. Crowning the residence is a private 1,189-SF oceanfront rooftop terrace with wet bar—an extraordinary setting for entertaining above the sea. Two private garage spaces are included. Villa Magna offers more than 350 feet of direct oceanfront, a resort-style pool and spa, fitness and social spaces, wine storage, Intracoastal dockage subject to availability, and an extensive approximately $21M community transformation. A rare penthouse residence, ready for its next chapter. More details in suppl., THE RESIDENCE: A true penthouse residence with Atlantic Ocean and Intracoastal Waterway exposures, offering 3,530 SF of measured interior living space, three bedrooms, three full baths and nearly 1,900 SF of outdoor living. Expansive floor-to-ceiling glass, approximately 9-foot ceilings, impact glass and electronic window shades frame the principal living spaces. A formal double-door entry opens to spacious living and dining areas with direct Atlantic views, complemented by a built-in bar/butler's server and approximately 32-foot open kitchen. All three bedrooms are oriented toward the Intracoastal. The expansive primary suite measures approximately 40 feet in length and includes a separate sitting area, bath and walk-in closets. The third bedroom is configured as a private suite with pocket-door separation. Two private garage spaces are included. PRIVATE ROOFTOP & OUTDOOR LIVING: Crowning the residence is an approximately 1,189-SF private oceanfront rooftop terrace with direct Atlantic views, outdoor wet bar and storage. An expansive eastern terrace extends the principal living spaces toward the Atlantic, while a western balcony overlooks the Intracoastal—creating a residence experienced from sunrise over the ocean to sunset over the Intracoastal. VILLA MAGNA: An established oceanfront building in Highland Beach with more than 350 feet of direct Atlantic oceanfront and approximately $21 million in comprehensive community restoration and improvements. Amenities include an oceanfront pool and spa, direct beach access, fitness facilities, social and gathering spaces, wine storage, a grand oceanfront lobby and attentive resident services. Intracoastal dockage and poolside cabanas are separately owned and subject to availability.

Virtual tour
What it costs to own
Estimated monthly payment
$38,864/mo
Principal and interest
$24,019
Property tax
$6,864
Homeowners insurance
$2,967
HOA
$5,014

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
$82,369/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
$5,014/mo (from the listing)
FEMA flood zone
Zone X, minimal risk

Outside the special flood hazard area. Flood insurance is optional.

Hurricane evacuation zone
Zone B: ordered to evacuate for Category 1 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.

Florida risk
Ground elevation
15.2 ft

Bare ground at the point (USGS 3DEP, NAVD88), not the finished floor.

Distance to the coast
0.1 mi

Straight line to the nearest salt-water shoreline (ocean, bay or lagoon).

Sources: FEMA National Flood Hazard Layer (panel 12099C0987G, effective 2024-12-20), USGS 3DEP, Florida Division of Emergency Management, OpenStreetMap coastline. Checked 2026-10-02. Wind and homeowners premiums are not shown: no public source publishes them at this level, and they vary with roof age, construction and the carrier. Public map data looked up at this location, not a survey or an insurance quote. Confirm with an elevation certificate, the county and your insurer. FEMA flood map

Florida condo safety laws

Villa Magna Condo was built in 1982, according to the county property appraiser.

If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one was due by December 31, 2024. A local building official may require it at 25 years near salt water.

Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.

Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.

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.