27 Royal Palm Way 406, Boca Raton, FL 33432 — MLS photo

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27 Royal Palm Way 406, Boca Raton, FL 33432

Active · Condominium

$384,900

27 Royal Palm Way 406, Boca Raton, FL 33432

Beds
2
Baths
2
Living area
1,081 sq ft
$ / sq ft
$356/sq ft
Year built
2002
Lot size
—
HOA fee
$979
Annual tax
—

About this property

Completely remodeled corner-unit in a prime southeast Boca location. This light filled residence features extra windows, soaring ceilings, and an expanded balcony that enhances both space and natural light. Brand new flooring runs throughout, complementing the open concept kitchen with modern cabinetry, quartz countertops, and stainless steel appliances. The spacious bedrooms offer walk-in closets, while the bathrooms have been fully updated with new vanities and fixtures. Thoughtful upgrades include crown molding and trim in every room, smooth ceilings (no popcorn), impact glass windows and doors, in-unit washer and dryer, newer A/C, and all-new electrical. Situated in the newest building within Boca Bayou, The Caribbean (built in 2002), residents enjoy a full suite of amenities including five pools, a fitness center, lighted tennis courts, sauna, gas grills, putting green, and a waterfront clubhouse. Dock space may be available for an additional fee (verify with HOA). Ideally located just minutes from Downtown Boca, Mizner Park, Boca's beaches, Deerfield Pier, dining, shopping, and more.

Property location

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27 Royal Palm Way 406, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,081 sq ft

Exterior & Structure

Property type
Condominium
Year built
2002
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$979
County
Palm Beach
MLS listing ID
B26027564
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

-$934

Cap rate
2.8%
Net yield
2.8%
Cash-on-cash return
-10.4%
Gross yield
9.4%
Mortgage payment
$1,825/mo
Down payment
$96,225
Loan amount
$288,675
Annual NOI
$10,688

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