Cays Realty
700 S Ocean Boulevard 504, Boca Raton, FL 33432 — MLS photo

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700 S Ocean Boulevard 504, Boca Raton, FL 33432

Active · Condominium

$2,195,000

700 S Ocean Boulevard 504, Boca Raton, FL 33432

Beds
2
Baths
3
Living area
1,904 sq ft
$ / sq ft
$1,153/sq ft
Year built
1965
Lot size
—
HOA fee
$2,350 Monthly
Annual tax
$15,928

About this property

WOW! Totally Renovated Extra Large 2 Bed 2.5 Bath Direct Ocean View Condo at Sabal Point. 504 features the largest 2 bed floor plan in the building. Split plan. Spacious balcony overlooking the ocean, expansive grounds & pool. A true wow factor kitchen with back lit quartzite kitchen countertops. Bar with wine cooler and ice maker. Thermador appliances. LED lighting throughout. Recently installed impact glass windows & sliding doors. Designer bathrooms. Built-in closets. Garage parking space & 2 Storage units are included in the sale. Sabal Point is a wonderfully maintained Mid Century Modern building on the sand in Boca Raton. Ideally located between Palmetto Park Road & Camino Real. 24H doorman, pool, club room, & fitness room. 55+ Building. No Rentals. See Floor Plan. Virtually Staged. Virtually Staged

Property location

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700 S Ocean Boulevard 504, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
2
Bathrooms
3
Living area
1,904 sq ft
Flooring
Ceramic Tile
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Wine Cooler, Washer
Cooling
Central Air
Heating
Electric
Interior features
Breakfast Bar, Bathtub, Closet Cabinetry, Dual Sinks, High Ceilings, Living Dining Room, Custom Mirrors, Main Living Area Entry Level, Split Bedrooms, Shower Only, Bar, Walk In Closets, Pantry
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1965
Stories
12
Lot size
0 sq ft
Architectural style
Contemporary Modern, One Story
Roof
Tar Gravel
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
None, Association, Community
Waterfront
Ocean Access
View
Garden, Ocean, Pool, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Underground, Garage, Guest, One Space

HOA, Community & Financials

Association fee
$2,350 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Insurance, Internet, Laundry, Pools, Reserve Fund, Security, Trash, Water
Amenities
Clubhouse, Fitness Center, Laundry, Library, Management, Maintenance, Pool, Security, Storage, Trash, Elevators
Security
Building Security, Door Man, Lobby Secured, Security Guard, Security Lights
Pets allowed
No
Annual tax
$15,928
Subdivision
SABAL POINT APTS CONDO
County
Palm Beach
Days on market
161
MLS listing ID
B26020344
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

-$6,846

Cap rate
1.9%
Net yield
1.9%
Cash-on-cash return
-13.4%
Gross yield
5.2%
Mortgage payment
$10,405/mo
Down payment
$548,750
Loan amount
$1,646,250
Annual NOI
$42,707

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