1500 S Ocean Boulevard 606, Boca Raton, FL 33432 — MLS photo

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1500 S Ocean Boulevard 606, Boca Raton, FL 33432

Active · Condominium

$5,750,000

1500 S Ocean Boulevard 606, Boca Raton, FL 33432

Beds
3
Baths
4
Living area
3,117 sq ft
$ / sq ft
$1,845/sq ft
Year built
1986
Lot size
—
HOA fee
$4,784 Monthly
Annual tax
$47,632

About this property

S-606 is a RARELY AVAILABLE wrap-around corner residence on the south side of the south tower. The panoramic ocean views are striking from the moment you enter this unit. Upon entering you're welcomed by the sparkling ocean, marble floors w/ custom inlays & open concept living. The kitchen features custom cabinetry & lighting & an oversized cooktop island w/ designer glass details & seating. The generous primary suite features plush carpet, remote controlled black-out shades, marble detailed bath, walk-in closet & magnificent ocean & city views. The 2 guest suites include beautiful ensuite baths & balconies w/ stunning views. Additional features include custom ceilings, updated powder room & impact glass throughout. This is a unique opportunity for a south exposure, oceanfront residence. *Appointment only. *Buyer to pay nonrefundable 2 months maintenance to The Addison Working Capital Fund.

Property location

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1500 S Ocean Boulevard 606, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
3
Bathrooms
4
Living area
3,117 sq ft
Flooring
Carpet, Marble
Appliances
Built In Oven, Dryer, Dishwasher, Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air
Heating
Central
Interior features
Bathtub, Dual Sinks, Entrance Foyer, Shower Only, Walk In Closets, Utility Room
Furnished
Unfurnished

Exterior & Structure

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

Parking

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

HOA, Community & Financials

Association fee
$4,784 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, 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
$47,632
Subdivision
Addison
County
Palm Beach
Days on market
267
MLS listing ID
R11157895
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

-$20,085

Cap rate
1.5%
Net yield
1.5%
Cash-on-cash return
-15.0%
Gross yield
4.5%
Mortgage payment
$27,258/mo
Down payment
$1,437,500
Loan amount
$4,312,500
Annual NOI
$86,078

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