6 Royal Palm Way 409, Boca Raton, FL 33432 — MLS photo

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6 Royal Palm Way 409, Boca Raton, FL 33432

Active · Condominium

$430,000

6 Royal Palm Way 409, Boca Raton, FL 33432

Beds
2
Baths
2
Living area
1,104 sq ft
$ / sq ft
$389/sq ft
Year built
1978
Lot size
—
HOA fee
$959 Monthly
Annual tax
$4,847

About this property

Morning coffee on the balcony, boats drifting past, and nothing left on the to-do list. This fully renovated fourth-floor condo in Boca Bayou pairs open water views with a new granite kitchen and premium appliances, spa-inspired baths, new impact sliding glass doors, a new electrical panel, and upgraded fixtures throughout. Peace of mind comes standard: the building has passed its 30-year recertification and completed its Structural Integrity Study, with only a modest fee increase. Boca Bayou is a private gated waterfront community with 5 heated pools, tennis, and 24-hour security, across from Hillsboro El Rio Park and minutes to the beach, Mizner Park, downtown, golf, and Brightline.

Property location

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6 Royal Palm Way 409, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,104 sq ft
Flooring
Ceramic Tile
Appliances
Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Breakfast Bar, Entrance Foyer, Living Dining Room, Main Living Area Entry Level, Split Bedrooms, Shower Only, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1978
Stories
6
Lot size
0 sq ft
Architectural style
Contemporary Modern, Other, One Story
Roof
Other
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Barbecue
Pool
None, Association, Community, Heated
Waterfront
Canal Access, Canal Front, Fixed Bridge, Intersecting Canal, Lagoon, Navigable Water, Ocean Access, Seawall
View
Canal, Lagoon, River, Water

Parking

Covered spaces
0
Parking features
Assigned, Guest, Parking Pad

HOA, Community & Financials

Association fee
$959 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Insurance, Laundry, Parking, Pools, Recreation Facilities, Reserve Fund, Sewer, Security, Trash, Water
Association
Akam Property Manage
Association contact
561-392-5540
Amenities
Boat Dock, Billiard Room, Clubhouse, Controlled Access, Fitness Center, Laundry, Management, Pool, Putting Greens, Guard, Sauna, Security, Storage, Tennis Courts, Trash, Vehicle Wash Area, Elevators
Security
Gated With Guard, Security Gate, Security Guard
Pets allowed
No
Annual tax
$4,847
Subdivision
Boca Bayou
County
Palm Beach
Days on market
194
MLS listing ID
B26012861
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

-$799

Cap rate
3.5%
Net yield
3.5%
Cash-on-cash return
-8.0%
Gross yield
8.8%
Mortgage payment
$2,038/mo
Down payment
$107,500
Loan amount
$322,500
Annual NOI
$14,871

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