tomo logo

$2,398,765

Beds
3
Baths
3.0
sq ft
3,078

5533 Rico Dr, Boca Raton, FL 33487

5533 Rico Dr

Boca Raton, FL 33487

  • 111 days on market
    • Price drop $99,935↓
Experience the epitome of luxury living with this spectacular waterfront home in East Boca Raton. RENOVATED HOME just freshly painted, OCEAN ACCESS and NO FIXED BRIDGES. Experience the tranquility of a private enclave, just moments from the Intracoastal Waterway and the breathtaking beauty of Boca Raton's sunsets. Enjoy the convenience of nearby downtown Boca, Lake Boca, Mizner Park, and Delray Beach's vibrant Atlantic Avenue. This modern coastal masterpiece features smart home technology, impact glass, a state-of-the-art pool heater, Nest thermostats, Lutron smart lighting systems, and luxurious porcelain wood floors. The open floor plan is perfect for entertaining, while the circular driveway and expansive yard provide ample space for outdoor enjoyment. Don't miss this opportunity.

Details

Property type

Single Family Residence

Est. home value

$2,275,028

Lot size

7,838 sq ft

Price per sq ft

$780

Year built

1970

Annual property taxes

$27,983

Price History

02/04/2025
Beaches

Beaches #R11033993

Price change
$2,398,765
-4%
01/07/2025
Beaches

Beaches #R11033993

Listed
$2,498,700
01/07/2025
Beaches

Beaches #R11033993

Removed
$2,498,700

Schools & Community

Elementary school: 

Unknown

Middle school: 

Boca Raton Community

High school: 

Boca Raton Community

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

$462,493
Asking price
$2,398,765
Closing costs (~8% of asking)
-$191,901
Est. remaining loan balance
-$1,744,371
Cash to seller
$462,493

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

Seller’s Loan History

Lender

First Horizon Bank

Loan start date

March 2022

Original loan amount

$1,852,500

Est. remaining balance

$1,744,371

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Matthew J Elias and Ashley Israel

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: 02/23/2025 at 6:30 AM

Listing updated: 02/12/2025 at 12:51 PM

Listed by: Ashley Israel, Coldwell Banker Realty /Delray Beach Phone #: (561) 278-0300

MLS: Beaches #R11033993

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