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$3,150,000

Beds
4
Baths
4.0
sq ft
2,925

550 S Ocean Blvd Unit 1001, Boca Raton, FL 33432

550 S Ocean Blvd Unit 1001

Boca Raton, FL 33432

  • 25 days on market
    • Price drop $200,000↓
Seize an incredibly rare chance to combine TWO adjacent 10th-floor units at the prestigious Chalfonte, located directly on the sand along Boca Raton's coveted Magnificent Mile. This unique offering presents the opportunity to create an expansive 4-bedroom, 4-bathroom coastal haven with 270 degrees of unobstructed, breathtaking direct ocean, intracoastal, and Lake Boca views. The combined units offer an impressive 2,925 square feet under air and a total of 3,657 square feet, including two oversized terraces totaling over 700 square feet, perfect for enjoying the incredible views and ocean breeze. Unit #1001 has been meticulously stripped allowing you the luxury to design the space to your exact liking with the potential to create a truly custom residence.

Details

Property type

Condominium

Est. home value

$3,924,490

Lot size

Unknown

Price per sq ft

$1,077

Year built

1974

Annual property taxes

$20,380

Monthly HOA fee

$3,050

Price History

03/28/2025
Beaches

Beaches #R11069331

Price change
$3,150,000
-5.97%
03/25/2025
Beaches

Beaches #R11069331

Price change
$3,350,000
+6.35%
03/07/2025
Beaches

Beaches #R11069331

Listed
$3,150,000

Schools & Community

Elementary school: 

Boca Raton

Middle school: 

Boca Raton Community

High school: 

Boca Raton Community

Community features: 

Pool, Park, Sidewalks, Tennis Court(s)

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

$2,369,694
Asking price
$3,150,000
Closing costs (~8% of asking)
-$252,000
Est. remaining loan balance
-$528,306
Cash to seller
$2,369,694

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

Seller’s Loan History

Lender

Angel Oak Mortgage Solutions Llc

Loan start date

July 2022

Original loan amount

$550,000

Est. remaining balance

$528,306

Interest rate

5.23%

Loan type

New Conventional, 30 year

Seller

Gl Chalfonte Funding Llc

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?

Status: Active

Tomo last checked: 04/01/2025 at 7:10 PM

Listing updated: 03/28/2025 at 10:36 AM

Listed by: Delia Caridad Velez, Cardinal Group Enterprise INC Phone #: (561) 245-7695

MLS: Beaches #R11069331

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