5500 NW 2nd Avenue 718, Boca Raton, FL 33487 — MLS photo

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5500 NW 2nd Avenue 718, Boca Raton, FL 33487

Active · Condominium

$249,000

5500 NW 2nd Avenue 718, Boca Raton, FL 33487

Beds
1
Baths
2
Living area
1,050 sq ft
$ / sq ft
$237/sq ft
Year built
1970
Lot size
—
HOA fee
$605 Monthly
Annual tax
$3,118

About this property

Pristine and fully updated, this penthouse-level 1-bedroom plus den, 2-bathroom condo is located in the highly sought-after Boca Teeca community, offering resort-style living with a heated pool and beautifully maintained grounds. This top-floor unit includes numerous upgrades, including stainless steel appliances, granite countertops, solid wood kitchen cabinetry, porcelain tile flooring throughout, and impact-resistant windows. Enjoy abundant storage with a large walk-in closet and an additional custom-organized bedroom closet. The spacious den offers flexibility and can easily be converted into a second bedroom. Additional highlights include two built-in Murphy beds and negotiable furniture, providing a turnkey opportunity. Assigned parking and ample guest parking are available. The monthly COA fee includes cable TV with over 200 channels, high-speed internet, and water. Laundry facilities are conveniently located on each floor. Ideally situated just minutes from the beach, A-rated schools, world-class shopping, and some of Boca Raton's finest dining. The building just went through a complete upgrade with new elevators, updated lobby and pool area, parking lot re-surfaced, paint throughout, and NO ASSESSMENT WORRIES! The assessments have been paid in full! Adjacent to the former Ocean Breeze Golf Course, the property will soon benefit from an exciting new public park developed by the Boca Raton Park District, including a luxury pickleball facility. Move-in ready and an exceptional opportunity to own a top-floor condo, with fantastic views, in East Boca!

Property location

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5500 NW 2nd Avenue 718, Boca Raton, FL 33487

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
1,050 sq ft
Flooring
Tile
Appliances
Dishwasher, Electric Water Heater, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Shower Only, Walk In Closets
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
1970
Stories
7
Lot size
0 sq ft
Architectural style
Penthouse, One Story
Roof
Tar Gravel
Construction
Block
Exterior features
Lighting
Pool
None, Association, Community, Heated
View
Golf Course

Parking

Covered spaces
0
Parking features
Assigned, Guest, Open

HOA, Community & Financials

Association fee
$605 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Internet, Laundry, Reserve Fund, Sewer, Trash, Water
Association
Real Manage
Association contact
954-751-2211
Amenities
Bike Storage, Laundry, Pool, Storage, Trash, Elevators
Security
Intercom, Phone Entry
Pets allowed
No
Annual tax
$3,118
Subdivision
BOCA TEECA CONDO 3
County
Palm Beach
Days on market
132
MLS listing ID
B26022047
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

$127

Cap rate
6.3%
Net yield
6.3%
Cash-on-cash return
2.2%
Gross yield
12.4%
Mortgage payment
$1,180/mo
Down payment
$62,250
Loan amount
$186,750
Annual NOI
$15,689

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