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
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.
$29.7K
Per Month
Principal & Interest
$29.6K
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)
$0
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
$17.9K
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
5
/10
Galaxy E3 Elementary School
301 Galaxy Way
Distance between this listing and this school0.98 miles
Public Magnet Grades EE-5
6
/10
Poinciana STEM Elementary Magnet School
1203 N Seacrest Blvd
Distance between this listing and this school0.99 miles
Public Magnet Grades PK-5
6
/10
Forest Park Elementary School
1201 SW 3rd St
Distance between this listing and this school1.05 miles
Public Magnet Grades PK-5
Nearby Schools
2
/10
Congress Middle School
101 S Congress Ave
Distance between this listing and this school2.28 miles
Public Magnet Grades 6-8
4
/10
South Tech Preparatory Academy
1325 Gateway Blvd
Distance between this listing and this school2.29 miles
Public Charter Grades 6-8
6
/10
Plumosa School of the Arts
2501 Seacrest Blvd
Distance between this listing and this school2.69 miles
Public Magnet Grades KG-8
Nearby Schools
3
/10
Boynton Beach Community High School
4975 Park Ridge Blvd
Distance between this listing and this school2.01 miles
Public Magnet Grades 9-12
1
/10
Quantum High School
1275 Gateway Blvd
Distance between this listing and this school2.25 miles
Public Charter Grades 9-12
1
/10
South Area Secondary Intensive Transition Program
1300 SW 3OTH Avenue
Distance between this listing and this school2.57 miles
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. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
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.
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 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 November 2024, from all listings sold in Boynton Beach, FL there were more than 10 sold above asking price, over 110 sold below and more than 22 were sold right at the asked price. The number of homes for sale in Boynton Beach, FL increased by 6.3% between October 2024 and November 2024. In November 2024 median list price was $415,572 and the average listing age was 70 days.
From Rocket Homes Real Estate and based on county public records data.
© 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.
Pro Boxing
Pro Boxing
Live Theatre
Major League Soccer (MLS)
IKEA
Bloomingdales
Banana Republic
Quiznos
Boston Market
Jack In The Box
Lexus
Mercedes
Toyota
Soft Adult Contemporary
News
Jazz