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$4,750,000

Beds
4
Baths
4.0
sq ft
2,925

550 S Ocean Blvd Unit 2101, Boca Raton, FL 33432

550 S Ocean Blvd Unit 2101

Boca Raton, FL 33432

  • 1 day on market
21st-floor oceanfront residence offering 3,000 sq ft of living space with direct ocean views from every room. The property includes two expansive terraces facing east and north, providing 700 sq ft of outdoor space. Layout features 4 large bedrooms and 4 bathrooms, ensuring privacy and comfort throughout. Recently remodeled with custom high-end finishes, the interior blends modern design with quality craftsmanship, ready for immediate occupancy. Located in The Chalfonte, a full-service building with amenities including an oceanfront pool and hot tub, fitness center, business and community rooms, library, barbecues, tennis and pickleball courts, covered parking, and 24-hour staffed lobbies. A move-in ready option for buyers seeking a well-appointed oceanfront home with premium amenities.

Details

Property type

Condominium

Est. home value

$1,636,176

Lot size

Unknown

Price per sq ft

$1,624

Year built

1974

Annual property taxes

$38,962

Monthly HOA fee

$3,050

Price History

03/23/2025
Beaches

Beaches #R11074329

Listed
$4,750,000
+361.17%
11/06/2020
Beaches

Beaches #R10653433

Sold
$1,030,000

Schools & Community

Elementary school: 

Boca Raton

Middle school: 

Boca Raton Community

High school: 

Boca Raton Community

Community features: 

Pool, Tennis Court(s)

Number of units in community: 

378

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

$3,647,625
Asking price
$4,750,000
Closing costs (~8% of asking)
-$380,000
Est. remaining loan balance
-$722,375
Cash to seller
$3,647,625

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

November 2020

Original loan amount

$800,000

Est. remaining balance

$722,375

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Jorge A Restrepo and Natasha P Restrepo

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: 03/25/2025 at 11:10 AM

Listing updated: 03/24/2025 at 12:06 AM

Listed by: Ana M Londono, Lang Realty/BR Phone #: (561) 447-0666

MLS: Beaches #R11074329

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