Welcome to 700 Malaga Drive, an extraordinary opportunity to design your dream home in the heart of Boca Raton's historic Estates Section. This 0.23-acre corner lot is nestled in a neighborhood crafted by the renowned architect Addison Mizner, whose vision in the 1920s laid the foundation for Boca Raton's transformation into a luxurious resort town. The Estates Section, known as the Jewel of Boca, famed for its Mediterranean Revival architecture , on a barrier island between the Intracoastal Waterways and Atlantic Ocean, offers an exclusive lifestyle steeped in history and elegance.
This property is $2.3M more than the Median Sold Price in Boca Raton, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #RX-11026898
Listing Office:
Office Name: Compass Florida, LLC.
Office Phone: (305) 851-2820
Listing Agent: Matthew Dugow
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: 11/14/2024, 1:15:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$5,254
$313,612
2019
$5,266
$306,561
2018
$4,928
$300,845
2017
$4,881
$294,657
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$15K
Per Month
Principal & Interest
$14.9K
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
$9,055
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
Deerfield Beach Elementary School
650 NE 1st St
Distance between this listing and this school1.02 miles
Public District Grades KG-5
5
/10
Boca Raton Elementary School
103 SW 1st Ave
Distance between this listing and this school1.79 miles
Public Magnet Grades KG-5
9
/10
Somerset Academy Boca East
333 SW 4th Ave
Distance between this listing and this school1.84 miles
Public Charter Grades KG-5
Nearby Schools
3
/10
Deerfield Beach Middle School
701 SE 6th Ave
Distance between this listing and this school1.52 miles
Public Magnet Grades 6-8
4
/10
Somerset Academy Key Middle School
959 SE 6th Ave
Distance between this listing and this school1.66 miles
Public Charter Grades 6-8
9
/10
Somerset Academy Boca Middle School
333 SW 4th Ave
Distance between this listing and this school1.84 miles
Public Charter Grades 6-8
Nearby Schools
4
/10
Somerset Academy Key Charter High School
959 SE 6th Ave
Distance between this listing and this school1.66 miles
Public Charter Grades 9-12
3
/10
Deerfield Beach High School
910 SW 15th St
Distance between this listing and this school3.08 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 school3.62 miles
The neighbors living near this home have an average income of $68,902. Residents of Boca Raton, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 700 Malaga Dr
What is the listing price of this property?
The listing price of 700 Malaga Dr property is $2,998,000.
What type of property is this?
The property 700 Malaga Dr is land located in Boca Raton, Florida, 33432.
Is this property for sale now?
Active Listing: 700 Malaga Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $5,254 (source: MLS/based on county public records data).
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 700 Malaga Dr in Boca Raton, FL and zip code 33432 in the The Estates neighborhood. This home sits on a 0.23 acre lot. It has been listed on Rocket Homes since October 06, 2024 and is currently priced at $2,998,000.
In October 2024 more than 11 listings in Boca Raton, FL were sold above the asking price. During the same period more than 28 listings were sold at asking price, while more than 193 were sold below. The number of homes for sale in Boca Raton, FL increased by 3.9% between September 2024 and October 2024. In October 2024 median list price was $631,981 and the average listing age was 74 days.
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. 
Live Theatre
Live Theatre
Men's Tennis
Hiking/backpacking
Bloomingdales
Nordstrom Rack
New York & Company
Boston Market
The Cheesecake Factory
Starbucks
Mercedes
Volvo
Audi
News
Alternative
Active Rock