4 months on rocket

640 SE 2nd Ave, Boynton Beach, FL, 33435

$5,950,000

0 Baths
17,726 SqFt
$336/SqFt
Multi

Location

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Property Highlights

Home TypeQuadruplex
Year Built1967
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
MLS #A11612078
StatusActive

About 640 SE 2nd Ave

The Palms is a prime opportunity to purchase a 24 unit garden-style community located in Boynton Beach, Florida just steps from the beach! The Palms is comprised (20) 1br/1ba, (4) 2br/2ba, a separate cbs building which can be converted to storage, or additional unit(s). The property benefits from excellent walkability to the beach, Boynton Harbor Marina and restaurants. The Boynton Beach neighborhood has seen tremendous growth with its favorable location and close proximity to Downtown Delray Beach and West Palm beach. With its prime location and solid structure, The Palms delivers a competitive product to the market, capable of outperforming comparable options within the growing segment and positioning itself as a generational asset. New Roof 2024, Hurricane Impact Doors, Light Value Add

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1967
  • Stories: 2
  • Living Area: 17,726 SqFt

Listing Office:

  • Office Name: ONE Commercial LLC
  • Office Phone: (305) 666-0562
  • Listing Agent: Alexis Shapiro

Interior Features

Interior Information:

  • Flooring Type: Laminate, Tile

Exterior Features

Exterior Information:

  • Exterior: Security/High Impact Doors

Virtual/3D Tour

  • Virtual Tour: 640 SE 2nd Ave
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Other

Directions Information:

  • Directions: East of US 1 just south of Ocean Ave in Boynton Beach.

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,950,000
  • Price Per SqFt: $336/SqFt
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Housing Market Comparison

See how this home compares to others in Boynton Beach, FL.

Med. Sold Price

$415.1K

Med. Price/SqFt

$253

Avg. Days On Market

68

# of Sold Homes

218

640 SE 2nd Ave vs Boynton Beach

143 DAYS ON ROCKET

+75 Days

$5,950,000

+$5.5M More

$336/SqFt

+$83 More

KEY TAKEAWAY

This property is $5.5M more than the Median Sold Price and $83/SqFt more than other homes in Boynton Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11612078

Listing Office:

  • Office Name: ONE Commercial LLC
  • Office Phone: (305) 666-0562
  • Listing Agent: Alexis Shapiro

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 6:20:48 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

$29.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$17.9K

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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.

Nearby Schools

school-card-donut-288408
5
/10
  • Galaxy E3 Elementary School

  • 301 Galaxy Way

  • 0.98 miles

  • Public Magnet Grades EE-5

school-card-donut-288409
6
/10
  • Poinciana STEM Elementary Magnet School

  • 1203 N Seacrest Blvd

  • 0.99 miles

  • Public Magnet Grades PK-5

school-card-donut-288410
6
/10
  • Forest Park Elementary School

  • 1201 SW 3rd St

  • 1.05 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,568. Residents of Boynton Beach, FL typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Boynton Beach, 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 Boynton Beach, FL.

Boynton Beach offers a diverse array of housing options, with single-family homes being a significant part of the market. The architectural styles in the area range from Mediterranean-inspired villas to contemporary townhomes and waterfront condos. The housing market is dynamic, with a mix of older homes and new developments that cater to a variety of preferences and budgets. The homeownership rate in Boynton Beach is robust, reflecting a community invested in residential stability and growth.

What is it like to live in Boynton Beach, FL?

Boynton Beach is celebrated for its laid-back coastal lifestyle and community-oriented atmosphere. The area prides itself on its beautiful beaches, recreational parks, and a variety of outdoor activities that are available year-round. Annual events such as the Holiday Boat Parade and the Pirate Fest and Mermaid Splash exemplify the city's love for community gatherings and its coastal heritage.

Is it easy to get around Boynton Beach, FL without a car?

The community is served by a number of public schools, private institutions, and higher education facilities, providing residents with ample educational opportunities. Healthcare services are comprehensive, with several hospitals and clinics offering a range of specialties, including urgent care and primary care. Boynton Beach's public library system is active, hosting numerous programs for all ages. Retail and dining options are plentiful, with venues ranging from casual eateries to upscale restaurants, reflecting the local culinary scene.

Transportation in Boynton Beach, FL.

Boynton Beach's transportation infrastructure includes a network of major roads and easy access to I-95, facilitating travel and commuting. Public transportation options are available, with bus services connecting various parts of the city. The area is also served by Tri-Rail, providing a convenient rail link to other parts of the region. While certain neighborhoods are more walkable than others, the city is increasingly focusing on improving pedestrian and bicycle infrastructure to enhance mobility for all residents. Ride-sharing services are readily available, offering an alternative mode of transportation for those seeking convenience.
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Rocket HomesFloridaPalm Beach CountyBoynton Beach33435640 SE 2nd Ave

This home is located at 640 SE 2nd Ave in Boynton Beach, FL and zip code 33435. This 17,726 square foot home was built in 1967. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $5,950,000.

In October 2024, from all listings sold in Boynton Beach, FL there were more than 15 sold above asking price, over 184 sold below and more than 19 were sold right at the asked price. The number of homes for sale in Boynton Beach, FL increased by 12.2% between September 2024 and October 2024. In October 2024, listings were on the market for 68 days. During the same period, the median list price in this real estate market was $415,136.

From Rocket Homes Real Estate and based on county public records data.

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