Cays Realty
6 Royal Palm Way 605, Boca Raton, FL 33432 — MLS photo

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6 Royal Palm Way 605, Boca Raton, FL 33432

Active · Condominium

$306,400

6 Royal Palm Way 605, Boca Raton, FL 33432

Beds
2
Baths
2
Living area
1,130 sq ft
$ / sq ft
$271/sq ft
Year built
1979
Lot size
—
HOA fee
$815 Monthly
Annual tax
$2,682

About this property

Rare corner, penthouse opportunity in a boater's paradise. Boat slip available for immediate rental including water and electric for only $100 month! Spacious 2BR/2BA condo with beautiful Intracoastal water views, updated oversized kitchen with BRAND NEW quartz countertops, floors, and primary bath vanity. Enjoy a resort-style lifestyle with exceptional amenities, including five salt water swimming pools, tennis courts, pickle ball, putting green, a modern fitness center, and a welcoming clubhouse for social gatherings. Scenic waterfront walking paths and convenient boat docks provide opportunities for outdoor recreation, while gated entry and on-site management offer added security and convenience. Ideally located near shopping and dining, this pet-friendly community has every Major concrete restoration and new roof completed 2023. Rent right away to current owner or move in and enjoy the best of South Florida waterfront living!

Property location

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6 Royal Palm Way 605, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,130 sq ft
Flooring
Carpet, Tile, Vinyl
Appliances
Built In Oven, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Central Air
Heating
Central
Interior features
Breakfast Bar, Bedroom On Main Level, Family Dining Room, Main Living Area Entry Level, Split Bedrooms, Tub Shower, Walk In Closets
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
1979
Stories
6
Lot size
0 sq ft
Architectural style
Other, Penthouse, One Story
Construction
CBSConcrete Block Structure, Block, Stucco
Exterior features
Balcony, None
Pool
None, Association, Community
Spa
Community
Waterfront
Fixed Bridge, Intracoastal Access, Ocean Access
View
Intercoastal, Water

Parking

Covered spaces
0
Parking features
Assigned, Guest

HOA, Community & Financials

Association fee
$815 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Insurance, Laundry, Parking, Pools, Security, Water
Amenities
Boat Dock, Billiard Room, Clubhouse, Controlled Access, Elevators, Fitness Center, Laundry, Maintenance, Barbecue, Picnic Area, Pool, Guard, Shuffleboard Court, Sauna, Spa Hot Tub, Tennis Courts, Vehicle Wash Area
Security
Complex Fenced, Gated With Guard, Security Gate
Pets allowed
No
Annual tax
$2,682
Subdivision
BOCA BAYOU CONDO
County
Palm Beach
Days on market
224
MLS listing ID
B26001046
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

-$80

Cap rate
5.4%
Net yield
5.4%
Cash-on-cash return
-1.1%
Gross yield
11.3%
Mortgage payment
$1,452/mo
Down payment
$76,600
Loan amount
$229,800
Annual NOI
$16,465

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