Cays Realty
550 S Ocean Blvd 1509, Boca Raton, FL 33432 — MLS photo

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550 S Ocean Blvd 1509, Boca Raton, FL 33432

Active · Condominium

$1,825,000

550 S Ocean Blvd 1509, Boca Raton, FL 33432

Beds
2
Baths
2
Living area
1,351 sq ft
$ / sq ft
$1,351/sq ft
Year built
1974
Lot size
—
HOA fee
$1,525 Monthly
Annual tax
$21,256

About this property

(VERY MOTIVATED OWNER) Welcome to your own piece of Paradise. Discover the unique blend of Condo Convenience and Single-Family ambiance in this elegantly crafted Beachfront Residence. This 2-Bedroom/2-Bath residence offers spectacular views of the Lake Boca/Intracoastal and city of Boca with breathtaking sunsets. The unit features white porcelain flooring throughout, open gourmet kitchen with high-end appliances, with formal dining room. washer & dryer inside the unit. Amenities include pool & hot-tub, two tennis courts, state of the art fitness center, a fully equipped social room and of course your own private beach. 24-hour attended and secure lobby.

Property location

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550 S Ocean Blvd 1509, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,351 sq ft
Flooring
Marble
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, Closet Cabinetry, Dining Area, Separate Formal Dining Room, Entrance Foyer, First Floor Entry, Kitchen Island, Split Bedrooms, Elevator
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
1974
Stories
23
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors, Tennis Courts, Storm Security Shutters
Pool
Association, Heated
Waterfront
Intracoastal Access, Ocean Access, Ocean Front
View
Intercoastal, Skyline

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Open, One Space

HOA, Community & Financials

Association fee
$1,525 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pools, Recreation Facilities, Reserve Fund, Sewer, Trash, Water
Amenities
Billiard Room, Community Kitchen, Elevators, Fitness Center, Barbecue, Picnic Area, Pool, Storage, Tennis Courts
Security
Closed Circuit Cameras, Door Man, Lobby Secured, Smoke Detectors
Pets allowed
Conditional, No
Annual tax
$21,256
Subdivision
CHALFONTE CONDO
County
Palm Beach
Days on market
460
MLS listing ID
A11830325
Listing status
Active

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Estimated monthly cash flow

-$6,306

Cap rate
1.5%
Net yield
1.5%
Cash-on-cash return
-14.8%
Gross yield
4.9%
Mortgage payment
$8,651/mo
Down payment
$456,250
Loan amount
$1,368,750
Annual NOI
$28,140

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.