Cays Realty
16 Royal Palm Way 302, Boca Raton, FL 33432 — MLS photo

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16 Royal Palm Way 302, Boca Raton, FL 33432

Active · Condominium

$342,000

16 Royal Palm Way 302, Boca Raton, FL 33432

Beds
2
Baths
2
Living area
1,130 sq ft
$ / sq ft
$303/sq ft
Year built
1978
Lot size
—
HOA fee
$807 Monthly
Annual tax
$4,569

About this property

Welcome to paradise! Fully renovated 2 bedroom 2 bath barely used condo is ready for you to call it home. This spacious condo offers a renovated eat in kitchen, renovated bathrooms, finished balcony, hurricane impact windows through out entire unit, brand new washer/dryer , newer A/C unit, upgraded electrical panel, parking space next to elevator, and seller has paid all ASSESSMENTS IN FULL! Community offers 24 hour manned gated security, 5 pools, boat dockage, tennis courts, gym, and clubhouse. Prime location to shopping, restaurants, and mintues to both Boca Raton and Deerfield beaches! Furniture Negotiable!

Property location

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16 Royal Palm Way 302, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,130 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Eat In Kitchen, Family Dining Room, Kitchen Dining Combo, Pantry
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
1978
Stories
3
Lot size
0 sq ft
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
Association, Community
View
Garden

Parking

Covered spaces
0
Parking features
Assigned, Detached, Guest, One Space

HOA, Community & Financials

Association fee
$807 Monthly
Fee inclusions
Common Area Maintenance, Insurance, Parking, Pools, Reserve Fund, Sewer, Trash, Water
Amenities
Boat Dock, Bike Storage, Clubhouse, Fitness Center, Barbecue, Picnic Area, Pool, Putting Greens, Trash, Vehicle Wash Area, Elevators
Security
Security Guard
Pets allowed
No
Annual tax
$4,569
Subdivision
Boca Bayou
County
Palm Beach
Days on market
400
MLS listing ID
F10524617
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$331

Cap rate
4.5%
Net yield
4.5%
Cash-on-cash return
-4.1%
Gross yield
10.4%
Mortgage payment
$1,621/mo
Down payment
$85,500
Loan amount
$256,500
Annual NOI
$15,483

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