4 Royal Palm Way 601, Boca Raton, FL 33432 — MLS photo

Get More Info About This Property

4 Royal Palm Way 601, Boca Raton, FL 33432

Active · Condominium

$359,000

4 Royal Palm Way 601, Boca Raton, FL 33432

Beds
2
Baths
2
Living area
1,130 sq ft
$ / sq ft
$318/sq ft
Year built
1979
Lot size
—
HOA fee
$567 Monthly
Annual tax
$5,539

About this property

Penthouse in the highly desired Boca Bayou in East Boca. Very spacious 2 bedrooms, 2 baths Apt w/ 1,130 square feet of bright, remodeled kitchen with recess lighting, white cabinetry, quartz countertop & stainless steel appliances. Updated Vinyl flooring in the entire living room and kitchen. Great waterfront view from your balcony. Hurricane windows & doors. It is located close to the beach, Mizner Park, best Boca schools, shopping, and everything someone can wish for. Boca Bayou is a 721-unit with 24-hour manned guardhouse, tennis courts, five (5) heated pools, a clubhouse, two (2) fitness centers, boat docks, and approximately 2 miles from the beach & wide assortment of upscale shopping and dining establishments. It can be rented right away. Great Opportunity! The amenities for the community - " Boat Docks " Heated Swimming Pools " Fitness Centers " Saunas " Cable TV " Multiple Natural Gas Grills " Car Wash Area " Bocce Courts " Tennis Courts " Shuffle Board Courts " Clubhouse / Social Center " Pool Houses " Billiard Tables " 24-Hour Gated Security " Conference Room Across the street is a park offers a walking trail, basketball hoops, tennis, a children's park, boat and kayak launch. pedestrian walkways, terraced steps/seating, interactive art/play/water features, picnic pavilions and additional parking.

Property location

Get Directions

4 Royal Palm Way 601, Boca Raton, FL 33432

Loading property location…

Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,130 sq ft
Flooring
Hardwood, Tile, Vinyl, Wood
Appliances
Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Closet Cabinetry, Living Dining Room, Walk In Closets
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
1979
Stories
6
Lot size
0 sq ft
Architectural style
Other, Penthouse
Roof
Other
Construction
Block, Stucco
Exterior features
Balcony
Pool
None, Association, Community
Waterfront
Seawall
View
Bay, Canal, Other, Water

Parking

Covered spaces
0
Parking features
Assigned, Guest, Open, Two Or More Spaces

HOA, Community & Financials

Association fee
$567 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Laundry, Parking, Pools, Recreation Facilities, Sewer, Security, Trash, Water
Amenities
Boat Dock, Clubhouse, Controlled Access, Laundry, Management, Pool, Security, Tennis Courts, Elevators
Security
Security Gate, Smoke Detectors
Pets allowed
No
Annual tax
$5,539
Subdivision
BOCA BAYOU CONDO
County
Palm Beach
Days on market
106
MLS listing ID
B26037732
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

-$221

Cap rate
5.0%
Net yield
5.0%
Cash-on-cash return
-2.6%
Gross yield
10.1%
Mortgage payment
$1,702/mo
Down payment
$89,750
Loan amount
$269,250
Annual NOI
$17,771

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