1500 S Ocean Boulevard 1603/04, Boca Raton, FL 33432 — MLS photo

Get More Info About This Property

1500 S Ocean Boulevard 1603/04, Boca Raton, FL 33432

Active · Condominium

$5,499,000

1500 S Ocean Boulevard 1603/04, Boca Raton, FL 33432

Beds
4
Baths
5
Living area
4,312 sq ft
$ / sq ft
$1,275/sq ft
Year built
1986
Lot size
—
HOA fee
$8,156 Monthly
Annual tax
$31,154

About this property

S-1603/04 is an oceanfront, double penthouse offering a lifestyle defined by sophistication, luxury and a connection to the sea. From the moment you step inside, the panoramic ocean views take center stage. Floor-to-ceiling glass invite natural light to fill the interior, while expansive balconies create seamless indoor-outdoor living. Whether enjoying morning coffee as the sun rises over the Atlantic or hosting sunset gatherings with friends, every moment is framed by the beauty of the shoreline. Renovated by renowned designer Louis Schuster, the spacious open-concept residence boasts over 4,300 living sq ft, anchored by a beautiful kitchen with premium appliances, elegant living and dining areas and multiple spaces for relaxation or entertaining. The primary suite is a private retreat, complete with a spa-inspired bathroom, oversized closets and a private balcony with endless ocean vistas. Three additional suites offer space for family and guests; each with a gorgeous ensuite bath. A bonus room/ flex space is perfect for a fitness room or office. The interior features continue with nine-foot ceilings, custom wood details, electric window shades, designer lighting and impact glass throughout. Beyond the residence's interior, S-1603/04 comes with a private oceanfront cabana, offering convenience and privacy just steps to the sand; as well as two private penthouse parking spaces. Perfectly situated on the shores of Boca Raton, S-1603/04 is just minutes from 5-star dining, upscale shopping, championship golf, and vibrant cultural experiences yet feels worlds away, with the ocean as your backdrop. Wake each morning to the sound of waves and endless shades of blue stretching beyond your windows. Here, every day feels like a vacation, and every window offers a reminder of why oceanfront living is truly extraordinary. The Addison On The Ocean is an exclusive oceanfront condominium on the sparkling shore of Boca Raton, Florida. This opulent condominium offers resort-style living for just 169 luxurious residences. Each residence features immense square footage and panoramic vistas of the turquoise Atlantic ocean. The Addison On The Ocean welcomes you with dramatic porte-cochere entries with stunning water features, designer landscaping and premier valet service. Upon entering the lobby, you are greeted by stunning interior design elements and a backdrop of the glistening ocean. This concierge building features all the lavish amenities one would expect in a 5-star resort. Few condominiums offer dining, The Addison On The Ocean offers dining in the completely renovated restaurant as well as, Al Fresco options on the pool deck, gazebo or while lounging on the ocean. Residents may also gather and entertain in the fully renovated social room. The impeccable food service includes breakfast, lunch, take-out dinners and private event catering. The Addison On The Ocean embodies the essence of first class living, including on-site management, 24-hour maintenance and in-house concierge. The stress-free lifestyle is enriched by conveniences that may be arranged by the concierge; including housekeeping, automobile care and transportation services. The 24-hour security team utilizes state of the art communication, while the grounds are monitored with vast video surveillance coverage. BuildingLink technology enables residents, management and staff to interact in real time. The innovations continue with newly installed electric vehicle charging stations. Health and self-care are of the utmost importance and The Addison On The Ocean embraces a healthy lifestyle with fully renovated wellness areas, including five fitness centers, saunas, steam rooms and massage services. There are an array of recreational facilities including a dog park, aquatic therapy, water aerobics, basketball, volleyball, kayaks, bicycles, paddle boards, ping-pong, billiards, arcade games, a library/business center and a gorgeous social hall. This one-of-a-kind property continues to impress with its luxurious outdoor spaces. These spaces include two completely renovated pools, all new decking, a fabulous al fresco liquor lounge, custom fire-pits and waterfall features. The Addison On The Ocean is appointed with only the finest trimmings and ultra-luxury amenities, it is Boca Raton's most exclusive oceanfront address. Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information.

Property location

Get Directions

1500 S Ocean Boulevard 1603/04, Boca Raton, FL 33432

Loading property location…

Facts & features

Interior

Bedrooms
4
Bathrooms
5
Living area
4,312 sq ft
Flooring
Carpet
Appliances
Built In Oven, Dryer, Dishwasher, Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air
Heating
Central
Interior features
Dining Area, Separate Formal Dining Room, Dual Sinks, Entrance Foyer, Eat In Kitchen, Living Dining Room, Shower Only, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
1986
Stories
16
Lot size
0 sq ft
Architectural style
Penthouse
Construction
Block
Exterior features
Balcony
Pool
None, Association, Community
Spa
Community
View
Ocean

Parking

Garage spaces
2
Covered spaces
2
Parking features
Assigned, Garage, Two Or More Spaces

HOA, Community & Financials

Association fee
$8,156 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Insurance, Parking, Pest Control, Recreation Facilities, Security, Trash
Amenities
Bike Storage, Clubhouse, Fitness Center, Management, Barbecue, Picnic Area, Pool, Guard, Sauna, Spa Hot Tub, Security, Storage, Trash, Elevators
Security
Closed Circuit Cameras, Door Man, Gated With Guard, Lobby Secured, Security System, Fire Sprinkler System, Security Guard
Pets allowed
No
Annual tax
$31,154
Subdivision
Addison
County
Palm Beach
Days on market
411
MLS listing ID
R11121059
Listing status
Active

Investment intelligence

Yield & ROI calculator

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

Estimated monthly cash flow

-$19,432

Cap rate
1.4%
Net yield
1.4%
Cash-on-cash return
-15.1%
Gross yield
5.0%
Mortgage payment
$26,068/mo
Down payment
$1,374,750
Loan amount
$4,124,250
Annual NOI
$79,628

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