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$2,900,000

Beds
2
Baths
2.5
sq ft
3,088

1 N Ocean Blvd Unit 506, Boca Raton, FL 33432

1 N Ocean Blvd Unit 506

Boca Raton, FL 33432

  • 7 days on market
Welcome to the crown jewel of the Meridian, Boca Raton's premier pet friendly boutique luxury building. Perfectly positioned in the most coveted stack, this exceptional penthouse boasts direct, unobstructed ocean views and over 3,000 sq. ft. of meticulously designed interior living space, offering an exquisite blend of sophistication, comfort, and breathtaking vistas.From the moment you step off your semi-private elevator into the elegant foyer, you are greeted by a light-filled grand salon, a stunning space perfect for lavish entertaining. Complete with a wet bar and expansive floor-to-ceiling impact sliders, the salon captures sweeping views of the Atlantic, seamlessly bringing the outdoors in.This thoughtfully designed 2-bedroom layout ensures almost every room enjoys

Details

Property type

Condominium

Est. home value

$2,621,252

Lot size

Unknown

Price per sq ft

$940

Year built

2007

Annual property taxes

$35,710

Monthly HOA fee

$4,050

Price History

12/15/2024
Beaches

Beaches #R11045150

Listed
$2,900,000
+20.83%
10/14/2022
Beaches

Beaches #R10839201

Sold
$2,400,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,038,204
Asking price
$2,900,000
Closing costs (~8% of asking)
-$232,000
Est. remaining loan balance
-$1,629,796
Cash to seller
$1,038,204

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

October 2022

Original loan amount

$1,680,000

Est. remaining balance

$1,629,796

Interest rate

5.55%

Loan type

New Conventional, 30 year

Seller

Melissa R Klafter and David B Klafter

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 5:50 AM

Listing updated: 12/16/2024 at 4:15 PM

Listed by: Mimi Mangines, Compass Florida LLC Phone #: (305) 851-2820

MLS: Beaches #R11045150

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