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$1,299,000

Beds
2
Baths
2.0
sq ft
1,446

550 S Ocean Blvd Unit 1003, Boca Raton, FL 33432

550 S Ocean Blvd Unit 1003

Boca Raton, FL 33432

  • 24 days on market
Experience breathtaking ocean, intracoastal, and Lake Boca views from this beautifully maintained 2-bedroom, 2-bathroom residence at the highly coveted Chalfonte. This fully furnished unit features a spacious split-bedroom floor plan and a large balcony perfect for entertaining or relaxing. Located directly on the pristine white sands, The Chalfonte offers unparalleled luxury in one of Boca Raton's most sought-after locations. Chalfonte residents enjoy first-class amenities, including 24-hour security, a state-of-the-art fitness center, tennis courts, and an ocean-side pool with daily beach umbrella service. Boat dock space on popular Lake Boca and private beach access add to the allure of this prestigious property. The recently renovated building is compliant with all current regulations

Details

Property type

Condominium

Est. home value

$1,737,527

Lot size

Unknown

Price per sq ft

$899

Year built

1974

Annual property taxes

$18,142

Monthly HOA fee

$1,525

Price History

03/07/2025
Beaches

Beaches #R11069333

Listed
$1,299,000
03/06/2025
Beaches

Beaches #R11058086

Removed
$1,299,000
02/18/2025
Beaches

Beaches #R11058086

Price change
$1,299,000
-1.96%

Schools & Community

Elementary school: 

Boca Raton

Middle school: 

Boca Raton Community

High school: 

Boca Raton Community

Community features: 

Pool, 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

$410,377
Asking price
$1,299,000
Closing costs (~8% of asking)
-$103,920
Est. remaining loan balance
-$784,703
Cash to seller
$410,377

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

Seller’s Loan History

Lender

Hometown Equity Mortgage

Loan start date

January 2023

Original loan amount

$805,000

Est. remaining balance

$784,703

Interest rate

6.49%

Loan type

New Conventional, 30 year

Seller

Guillermo Ferrer and Lucina Ferrer

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: 03/31/2025 at 6:30 AM

Listing updated: 03/27/2025 at 12:16 PM

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

MLS: Beaches #R11069333

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