1500 S Ocean Boulevard 303/304, Boca Raton, FL 33432 — MLS photo

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1500 S Ocean Boulevard 303/304, Boca Raton, FL 33432

Active · Condominium

$4,999,999

1500 S Ocean Boulevard 303/304, Boca Raton, FL 33432

Beds
4
Baths
5
Living area
4,254 sq ft
$ / sq ft
$1,175/sq ft
Year built
1986
Lot size
—
HOA fee
$7,695 Monthly
Annual tax
$47,537

About this property

One-of-a-kind 4 BD (3 bed plus office) 4.5 BA in The Addison offers panoramic ocean views from nearly every room, framed by sliding glass doors that wrap the perimeter of the home. Built to be two separate units combined into one, the layout forms a striking circular design centered around a private elevator foyer, giving the entire home a rare and architecturally captivating flow. The interiors showcase iconic 80s-inspired design, from sculptural curves to LED ceiling lighting and creative glass paneling. It is an exceptional opportunity to modernize a truly distinctive space while preserving the architectural character that makes it so special. The kitchen features sleek, high-gloss cabinetry for a modern touch and overlooks the ocean so you can enjoy breathtaking water views while cooking or entertaining. A built-in bar just off the kitchen enhances the home's effortless entertaining potential. The primary suite is a true standout with sweeping ocean vistas, a private balcony, dual primary bathrooms, and three walk-in closets. On the opposite side of the residence, two additional ensuite bedrooms are connected by an expansive office or den; an incredibly versatile space ideal for working, hosting, or creating a separate lounge area. Endless views, endless light, and endless potential, this circular oceanfront residence is an unmatched opportunity to reimagine a home that already has extraordinary bones and incredible ocean views. Positioned on the coveted shoreline of Boca Raton, The Addison On The Ocean offers an exceptionally private and refined beachfront lifestyle. With only 169 residences, this exclusive community is defined by expansive floor plans, breathtaking ocean views, and a level of service typically reserved for world-class resorts. Arrival is marked by an elegant covered entry, tranquil water features, manicured grounds, and full-service valet. Inside, residents are welcomed by a sophisticated lobby that frames the Atlantic as a stunning natural backdrop. The building delivers a truly elevated living experience, featuring a newly redesigned on-site restaurant along with multiple outdoor dining options—whether poolside, under the gazebo, or directly along the oceanfront. A beautifully updated social space creates the perfect setting for entertaining, complemented by full-service dining that includes daily meals, takeout, and private catering. Every detail is designed for comfort and convenience, with dedicated on-site management, 24-hour maintenance, and a professional concierge team available to coordinate services such as housekeeping, transportation, and vehicle care. Advanced security systems, continuous monitoring, and integrated resident communication platforms provide both peace of mind and seamless connectivity. Modern enhancements, including electric vehicle charging stations, further elevate the living experience. Wellness and recreation are seamlessly woven into the lifestyle at The Addison, with multiple fitness centers, spa amenities, saunas, steam rooms, and massage services. Residents also enjoy a wide range of activities, from sports courts and water recreation to a dog park, game rooms, and a business center. Outdoors, the property features two newly renovated pools, expansive sun decks, an open-air lounge, fire features, and cascading waterfalls—creating a resort-like environment just steps from the sand. Within this premier building, our listing at 1500 S Ocean Blvd, Unit 303/304 presents a rare opportunity to own a spacious, combined residence with exceptional layout potential and direct access to all of the community's luxury amenities—perfectly blending scale, location, and lifestyle in one of Boca Raton's most prestigious oceanfront addresses.

Property location

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1500 S Ocean Boulevard 303/304, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
4
Bathrooms
5
Living area
4,254 sq ft
Flooring
Carpet, Marble
Appliances
Dryer, Dishwasher, Electric Range, Freezer, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Bedroom On Main Level, Breakfast Area, Bathtub, Closet Cabinetry, Dual Sinks, Kitchen Island, Living Dining Room, Main Level Primary, Shower Only, Bar, Walk In Closets, Elevator, Pantry

Exterior & Structure

Property type
Condominium
Year built
1986
Stories
16
Lot size
0 sq ft
Architectural style
Garden Apartment, Split Level
Roof
Other
Construction
CBSConcrete Block Structure, Block
Pool
None, Association, Community
View
Ocean

Parking

Garage spaces
2
Covered spaces
4
Parking features
Detached, Garage, Two Or More Spaces

HOA, Community & Financials

Association fee
$7,695 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Security, Trash
Amenities
Clubhouse, Elevators, Fitness Center, Pool, Guard
Security
Door Man, Gated With Guard, Lobby Secured
Pets allowed
No
Annual tax
$47,537
Subdivision
Addison On The Ocean
County
Palm Beach
Days on market
274
MLS listing ID
R11150507
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

-$19,009

Cap rate
1.1%
Net yield
1.1%
Cash-on-cash return
-16.3%
Gross yield
5.1%
Mortgage payment
$23,703/mo
Down payment
$1,250,000
Loan amount
$3,749,999
Annual NOI
$56,319

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