550 SE Mizner Boulevard B209, Boca Raton, FL 33432 — MLS photo

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550 SE Mizner Boulevard B209, Boca Raton, FL 33432

Active · Condominium

$1,049,000

550 SE Mizner Boulevard B209, Boca Raton, FL 33432

Beds
1
Baths
2
Living area
1,580 sq ft
$ / sq ft
$664/sq ft
Year built
2003
Lot size
—
HOA fee
$1,890 Monthly
Annual tax
$6,189

About this property

Welcome to Townsend Place, one of Downtown Boca Raton's most prestigious and discrete condominium buildings where elegance meets convenience. Surrounded by tropical landscape you can enjoy resort style living at its finest . This spacious (almost 1600 SF + patio!) condo boasts 1 bedroom and 2 FULL bathrooms with expansive terrace overlooking the pool and golf course. Both Living and BR have access to the oversized terrace. $300k+ remodeling job w/high ceilings, two new bathrooms and kitchen. Custom cabinets, built ins and crown molding throughout make this unit feel like a home, not a condo. Two oversized walk-in closets. Hurricane impact windows. Townsend Place has full-service staff including valet and concierge team providing a five-star resort experience that rivals most luxury hotels. New lobby, 2 fitness centers, new resort quality saltwater pool, hot tub, kiddie pool. Party room, newly renovated clubhouses with card rooms and billiards perfect for entertaining. Walking distance to the beach ,and some of the best shops and restaurants in the world. BBQs, fitness centers, saunas, steam rooms, dog parks, game room, and newly renovated club rooms-- Ideally situated between the famed Boca Raton Resort and the vibrant Royal Palm Plaza shopping area. Just steps to Mizner Park, fine dining and the beach. Building has 10 EV chargers for residents. This is one of the premiere luxury downtown condominium developments in East Boca Raton known for its first class location, tremendous views, and upscale amenities. Townsend Place has undergone a complete transformation over the past two years renovating and beautifying all of the common elements throughout each building inclusive of exterior work, interior lobbies, and all amenities. All furniture negotiable. Title held in LLC-perfect for 1031 exchange investors. No doc required, assumable $650k mortgage at 6.88%, 20 year rate lock, monthly payments $4700. Owner will consider a lease with option to own.

Property location

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550 SE Mizner Boulevard B209, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
1,580 sq ft
Flooring
Tile
Appliances
Built In Oven, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Water Purifier, Washer
Cooling
Central Air
Heating
Central
Interior features
Breakfast Bar, Built In Features, Bedroom On Main Level, Bathtub, Closet Cabinetry, Dual Sinks, Eat In Kitchen, Garden Tub Roman Tub, Jetted Tub, Living Dining Room, Main Level Primary, Shower Only, Walk In Closets, Pantry

Exterior & Structure

Property type
Condominium
Year built
2003
Stories
7
Lot size
0 sq ft
Construction
Block
Exterior features
Barbecue, Courtyard
Pool
None, Association, Community
Spa
Community
View
Golf Course, Other

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Garage, One Space

HOA, Community & Financials

Association fee
$1,890 Monthly
Fee inclusions
Common Area Maintenance, Parking, Pools, Trash, Water
Amenities
Billiard Room, Clubhouse, Fitness Center, Barbecue, Picnic Area, Pool, Sauna, Spa Hot Tub, Trash, Elevators
Security
Door Man, Fire Alarm, Secured Garage Parking, Lobby Secured, Smoke Detectors
Pets allowed
No
Annual tax
$6,189
Subdivision
Townsend Place
County
Palm Beach
Days on market
356
MLS listing ID
F10526911
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

-$2,834

Cap rate
2.4%
Net yield
2.4%
Cash-on-cash return
-11.6%
Gross yield
6.6%
Mortgage payment
$4,973/mo
Down payment
$262,250
Loan amount
$786,750
Annual NOI
$25,661

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