Welcome to your home in the sky! Royal Palm Residences represents the ultimate in luxurious living the heart of East Boca Raton. Unparalleled elegance and modern comforts can be found in this expansive customized corner residence featuring an open floor plan with 4 ensuite bedrooms, half bath and laundry room. The elevator opens directly into this sophisticated 5th-floor corner unit, offering southern, western, and northern views allowing you to savor the panoramic vistas from every angle. The chef's kitchen features sleek Italian cabinetry, Wolf and Subzero appliances, including a gas cooktop and wine refrigeration. The large island with seating is perfect for casual dining or entertaining guests. The kitchen is beautifully finished with elegant quartz countertops and a matching
Property Details
Property Features
Property Information:
Architectural Style: Contemporary
Year Built: 2024
Stories: 9
Living Area: 2,966 SqFt
Listing Office:
Office Name: Compass Florida LLC
Office Phone: (305) 851-2820
Listing Agent: Ina Bloom
Interior Features
Interior Information:
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Electric Range, Refrigerator, Oven, Washer, Electric Water Heater
Flooring Type: Ceramic Tile
Interior: Entry Lvl Lvng Area, Foyer, Kitchen Island, Split Bedroom
This property is $3.8M more than the Median Sold Price and $1.1K/SqFt more than other homes in Boca Raton, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #RX-11014293
Listing Office:
Office Name: Compass Florida LLC
Office Phone: (305) 851-2820
Listing Agent: Ina Bloom
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.
This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/24/2024, 8:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$25.2K
Per Month
Principal & Interest
$22.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$2,789
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$13.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Somerset Academy Boca East
333 SW 4th Ave
Distance between this listing and this school0.20 miles
Public Charter Grades KG-5
5
/10
Boca Raton Elementary School
103 SW 1st Ave
Distance between this listing and this school0.42 miles
Public Magnet Grades KG-5
6
/10
J. C. Mitchell Elementary School
2470 NW 5th Ave
Distance between this listing and this school1.68 miles
Public District Grades KG-5
Nearby Schools
9
/10
Somerset Academy Boca Middle School
333 SW 4th Ave
Distance between this listing and this school0.20 miles
Public Charter Grades 6-8
10
/10
Addison Mizner School
199 SW 12th Ave
Distance between this listing and this school1.07 miles
Public District Grades KG-8
6
/10
Boca Raton Community Middle School
1251 NW 8th St
Distance between this listing and this school1.29 miles
Public Magnet Grades 6-8
Nearby Schools
6
/10
Boca Raton Community High School
1501 NW 15th Ct
Distance between this listing and this school1.68 miles
Public Magnet Grades 9-12
10
/10
A.D. Henderson University School & Fau High School
777 Glades Rd Bldg 26
Distance between this listing and this school1.70 miles
Public District Grades KG-12
4
/10
Somerset Academy Key Charter High School
959 SE 6th Ave
Distance between this listing and this school2.97 miles
The neighbors living near this home have an average income of $34,643. The most common annual income of people living in Boca Raton, FL is less than $35k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Boca Raton, FL
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
Types of housing in Boca Raton, FL.
Boca Raton's housing market is diverse, with a mix of luxurious waterfront estates, golf course communities, and condominiums. Single-family homes are prevalent, reflecting Mediterranean and contemporary styles, while the condominiums offer a more urban living experience. The area has a high homeownership rate, with many properties featuring upscale amenities and tropical landscaping.
What is it like to live in Boca Raton, FL?
Boca Raton is celebrated for its affluent community and high quality of life. The city prides itself on its pristine beaches, well-kept parks, and exclusive golf courses. Cultural events and art festivals are integral to the community, reflecting the residents' appreciation for the finer things in life.
Is it easy to get around Boca Raton, FL without a car?
The city is served by a number of public and private schools, offering a range of educational opportunities. Healthcare is readily accessible, with several hospitals and clinics providing a spectrum of services from emergency care to specialized treatments. Retail and dining options abound, with a focus on high-end shopping and gourmet cuisine that cater to the sophisticated local palate.
Transportation in Boca Raton, FL.
Boca Raton features a well-developed transport network, with a variety of options including local bus services, a downtown shuttle, and access to the Tri-Rail commuter train connecting to the wider South Florida area. The city is also served by major highways like Interstate 95, facilitating travel to nearby cities and airports. While the city is car-dependent, certain areas, particularly around downtown, are more walkable, and there is a growing emphasis on improving bikeability.
Frequently Asked Questions About 475 E Royal Palm Unit 506
What is the listing price of this property?
The listing price of 475 E Royal Palm Unit 506 property is $4,495,000.
What type of property is this?
The property 475 E Royal Palm Unit 506 is a condo located in Boca Raton, Florida, 33432.
Is this property for sale now?
Active Listing: 475 E Royal Palm Unit 506 is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 475 E Royal Palm Unit 506 has 4 bedrooms and 4 full and 1 half bathrooms.
What is the square footage of this property?
The property 475 E Royal Palm Unit 506 is 2,966 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 475 E Royal Palm Unit 506 is 2024.
Interested in 475 E Royal Palm Unit 506? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 475 E Royal Palm Unit 506 in Boca Raton, FL and zip code 33432. This 2,966 square foot home was built in 2024. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 21, 2024 and is currently priced at $4,495,000.
While more than 11 listings in Boca Raton, FL in October 2024 were sold above asking price, there were more than 28 listings sold at asking price, and more than 193 were sold below. The inventory of homes for sale in Boca Raton, FL between September 2024 and October 2024 increased by 3.9%. While the average time on the market in October 2024 was 74 days, the median list price was $631,981.
From Rocket Homes Real Estate and based on county public records data.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc. 
Continuing Education Courses
Continuing Education Courses
Figure Skating
Soccer
Express/Express For Men
Chico's
Forever 21
Qdoba
Bob Evans
Dominos Pizza
Volkswagen
Oldsmobile
Mazda
Urban Contemporary
News
Rhythmic Contemporary Hits