500 SE 5th Avenue 1201s, Boca Raton, FL 33432 — MLS photo

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500 SE 5th Avenue 1201s, Boca Raton, FL 33432

Active · Condominium

$24,000,000

500 SE 5th Avenue 1201s, Boca Raton, FL 33432

Beds
5
Baths
7
Living area
8,435 sq ft
$ / sq ft
$2,845/sq ft
Year built
1999
Lot size
—
HOA fee
$10,672 Monthly
Annual tax
$124,642

About this property

The crown jewel of Mizner Grand, this completely reimagined double penthouse offers an extraordinary waterfront lifestyle overlooking Lake Boca. Spanning over 8,400 square feet, this one-of-a-kind 5-bedroom, 5 full and 2 half bath residence showcases soaring 12-foot ceilings, expansive entertaining spaces, and impeccable design throughout. This masterfully envisioned penthouse reflects a curated blend of sophistication and craftsmanship, with the finest materials and finishes at every turn. A private elevator entry opens to a grand living room with panoramic water views and an elegant wet bar, creating a stunning setting for both intimate living and entertaining. The chef's kitchen is thoughtfully designed with generous storage, a butler's pantry, and formal dining room. The residence features five spacious bedroom suites, including dual primary suites with luxurious baths, along with a family room, and media room. Expansive terraces capture sweeping vistas of Lake Boca, the Intracoastal, ocean, and city skyline, offering seamless indoor-outdoor living. Complete with four parking spaces and the exclusivity of Mizner Grand, this exceptional penthouse represents the pinnacle of Boca Raton luxury living.

Property location

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500 SE 5th Avenue 1201s, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
5
Bathrooms
7
Living area
8,435 sq ft
Flooring
Other
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air, Zoned
Heating
Central, Zoned
Interior features
Wet Bar, Bidet, Breakfast Area, Bathtub, Dining Area, Separate Formal Dining Room, Dual Sinks, Entrance Foyer, Eat In Kitchen, Garden Tub Roman Tub, High Ceilings, Main Living Area Entry Level, Split Bedrooms, Shower Only, Separate Shower, Bar, Walk In Closets, Central Vacuum, Pantry
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1999
Stories
12
Lot size
0 sq ft
Architectural style
Penthouse, One Story
Roof
Other
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Patio
Pool
None, Association, Community
Spa
Community
Waterfront
Intracoastal Access
View
Intercoastal, Ocean, Water

Parking

Garage spaces
4
Covered spaces
4
Parking features
Assigned, Attached, Garage, Guest, Two Or More Spaces

HOA, Community & Financials

Association fee
$10,672 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Hot Water, Insurance, Parking, Pest Control, Security, Trash, Water
Amenities
Billiard Room, Bike Storage, Clubhouse, Elevators, Fitness Center, Library, Management, Pool, Guard, Sauna, Spa Hot Tub, Security, Storage, Trash
Security
Gated With Guard, Lobby Secured, Security System, Fire Sprinkler System, Security Guard
Pets allowed
No
Annual tax
$124,642
Subdivision
MIZNER GRAND CONDO
County
Palm Beach
Days on market
167
MLS listing ID
B26024360
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

-$75,766

Cap rate
1.9%
Net yield
1.9%
Cash-on-cash return
-13.5%
Gross yield
4.1%
Mortgage payment
$113,772/mo
Down payment
$6,000,000
Loan amount
$18,000,000
Annual NOI
$456,070

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