Atlantic Luxury Advisors
5505 Ocean #11-208 photo 15505 Ocean #11-208 photo 25505 Ocean #11-208 photo 35505 Ocean #11-208 photo 45505 Ocean #11-208 photo 5

8 photos

5505 Ocean #11-208

Ocean Ridge, FL 33435

$245,000
1
1
605 sq ft
1969
Condominium
$1,248/mo
Yes
Yes
0
Active

Listing courtesy of The Corcoran Group (Kristen Reilly). Contact: [email protected].

About this home

One-of-a-kind 1-bedroom, 1-bath residence in the highly desirable Colonial Ridge community. Open and airy, this charming coastal retreat features incredible ocean views that bring the beauty of the beach right into your home. Enjoy private beach access just steps away and embrace the laid-back South Florida lifestyle. A truly special opportunity to own your own piece of paradise by the sea! One listing photo has been virtually modified using AI for illustrative purposes; actual property conditions may vary.

Virtual tour
What it costs to own
Estimated monthly payment
$2,934/mo
Principal and interest
$1,239
Property tax
$297
Homeowners insurance
$150
HOA
$1,248

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
$3,569/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
$1,248/mo (from the listing)
FEMA flood zone
Zone AE, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

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
Base flood elevation
8 ft (NAVD88)
Ground elevation
5.8 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 12099C0793G, 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

Ocean Manor was built in 1973, 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.