2851 S Ocean Boulevard 3-m, Boca Raton, FL 33432 — MLS photo

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2851 S Ocean Boulevard 3-m, Boca Raton, FL 33432

Active · Condominium

$399,000

2851 S Ocean Boulevard 3-m, Boca Raton, FL 33432

Beds
1
Baths
2
Living area
1,086 sq ft
$ / sq ft
$367/sq ft
Year built
1980
Lot size
—
HOA fee
$1,190
Annual tax
—

About this property

This renovated bright and spacious residence is situated in a Prime A1A Boca Raton location just steps from the beach, dining, shopping, Deerfield Beach Pier & Downtown Boca Raton's vibrant lifestyle. Featuring an open floor plan with 9-foot ceilings, abundant natural light. Beautifully updated, light-filled kitchen featuring crisp white shaker cabinetry, granite countertops, and a classic subway tile backsplash, complemented by stainless steel appliances and soft recessed lighting. Enjoy stunning sunset views from your covered balcony overlooking the pool and beautifully landscaped grounds. Residents enjoy resort-style amenities including a heated pool, fitness center, secure lobby with concierge, community room, picnic and BBQ areas, bike storage, and on-site management. The comprehensive maintenance fee includes A/C, hot water, cable, internet, pest control, buildinginsurance, security, and both interior and exterior maintenance. The seller has paid the assessment in full, and The Patrician is almost completed concrete restoration, fresh exterior paint, and additional building upgrades—adding even more value to this exceptional offering.

Property location

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2851 S Ocean Boulevard 3-m, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
1,086 sq ft

Exterior & Structure

Property type
Condominium
Year built
1980
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,190
County
Palm Beach
MLS listing ID
B26014888
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

-$1,199

Cap rate
2.1%
Net yield
2.1%
Cash-on-cash return
-12.9%
Gross yield
9.2%
Mortgage payment
$1,891/mo
Down payment
$99,750
Loan amount
$299,250
Annual NOI
$8,308

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