NOT LISTED FOR SALE

1 Royal Palm Way Unit 206 Boca Raton, FL 33432

Estimated Value: $492,000 - $613,000

3 Beds
2 Baths
1,495 Sq Ft
$628/mo HOA Fee

Last Sold May 26, 2022

Last sale price $475,000 $318 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,994/month

18 Days on Market

Highlights

  • Boat Ramp
  • Property has ocean access
  • Fitness Center
  • Boca Raton Community Middle School Rated A-
  • Home fronts navigable water
  • Gated with Attendant

About This Home

As of May 2022

Rarely available 3 bedroom waterfront condo in Boca Bayou! Spacious corner unit filled with natural light. Nicely updated kitchen with granite countertops, custom cabinets, and stainless appliances. Neutral tile runs throughout most of the home. Hurricane Impact Windows. All three bedrooms have walk-in closets (the third bedroom is currently opened as a den). Boca Bayou now has fully funded reserves. Incredible location only a couple minutes from the beach and downtown.

Last Agent to Sell the Property

Wendy Chenot

A1A Team License #677971 Listed on: 04/07/2022

A1A Team

Last Buyer's Agent

Wendy Chenot

A1A Team License #677971 Listed on: 04/07/2022

A1A Team

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,665

Year Built

  • Built in 1976

Lot Details

  • Home fronts a lagoon or estuary
  • Home fronts navigable water
  • Sprinkler System

HOA Fees

  • $628 Monthly HOA Fees

Property Views

  • River
  • Lagoon
  • Canal

Interior Spaces

  • 1,495 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Plantation Shutters
  • Combination Dining and Living Room
  • Screened Porch

Kitchen

  • Breakfast Bar
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Roman Tub

Parking

  • Parking Pad
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Property has ocean access
  • Canal Access
  • Balcony
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06434731060012060

Community Details

Overview

  • Association fees include management, cable TV, hot water, insurance, maintenance structure, reserve fund, roof, sewer, security, water
  • 721 Units
  • Boca Bayou Subdivision

Amenities

  • Sauna
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Boat Ramp
  • Boating
  • Tennis Courts
  • Fitness Center
  • Community Pool

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,665

Year Built

Built in 1976

Lot Details

0

HOA Fees

$628 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: 18th Street between Dixie and Federal on the South Side. Bldg 1 is the first of the left.
  • Year Built: 1976
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Garden Tub/Roman Tub, Living/Dining Room, Pantry, Split Bedrooms, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Disposal, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1495.0
  • Dining Room Type: Storage Room
  • Stories: 3
  • Window Features: Plantation Shutters

Exterior Features

  • Exterior Features: Balcony, Outdoor Grill
  • View: Canal, Lagoon, River
  • Lot Features: Sprinklers Automatic
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Canal Access, Lagoon, Navigable Water, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Screened
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Guest, Parking Pad

Utilities

  • Laundry Features: Common Area
  • Security: Gated with Guard, Security Guard
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 628.0
  • Community Features: Boat Facilities, Gated, Property Manager On-Site, Pool, Sauna, Street Lights, Tennis Court(s)
  • Senior Community: No
  • Amenities: Fitness Center, Laundry, Management, Pool, Sauna, Storage, Tennis Court(s), Trash, Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Hot Water, Insurance, Maintenance Structure, Reserve Fund, Roof, Sewer, Security, Water

Lot Info

  • Parcel #: 06434731060012060
  • Zoning Description: Res

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4665.0

Multi Family

  • Number Of Units In Community: 721

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
May 26, 2022
Sold by
Shinn Thomas E
Bought by
Silver Michael S
Seller's Agent
Wendy Chenot
A1A Team
Buyer's Agent
Wendy Chenot
A1A Team
List Price
$450,000
Sold Price
$475,000
Premium/Discount to List
$25,000
5.56%
Current Estimated Value
$527,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,885
Avg. Annual Appreciation
2.99%

Purchase Details

Listed on
Apr 11, 2021
Closed on
Jun 28, 2021
Sold by
Allen Maura F and Allen Richard J
Bought by
Shinn Thomas E and Shinn Karen Diane
Seller's Agent
Lynn Johnsen
RE/MAX Services
Buyer's Agent
Wendy Chenot
A1A Team
List Price
$369,900
Sold Price
$370,000
Premium/Discount to List
$100
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.59%

Purchase Details

Closed on
Jun 23, 1993
Sold by
Faughnan Thomas J and Faughnan Barbara E
Bought by
Faughnan Barbara E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Silver Michael S $475,000 Leland H Talcott Pa
Shinn Thomas E $370,000 Corporate Title Inc
Faughnan Barbara E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/26/2022 05/26/22 Sold $475,000 +5.6% $318 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $450,000 +21.6% $301 / Sq Ft
06/28/2021 06/28/21 Sold $370,000 0.0% $247 / Sq Ft View Prior Sale
05/29/2021 05/29/21 Pending -- -- --
04/11/2021 04/11/21 For Sale $369,900 -- $247 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,104 $420,000 -- --
2024 $7,104 $442,900 -- --
2023 $6,940 $430,000 $0 $430,000
2022 $5,117 $317,610 $0 $0
2021 $4,665 $245,000 $0 $245,000
2020 $1,810 $127,218 $0 $0
2019 $1,804 $124,358 $0 $0
2018 $1,676 $122,039 $0 $0
2017 $1,647 $119,529 $0 $0
2016 $821 $117,071 $0 $0
2015 $1,641 $116,257 $0 $0
2014 $1,644 $115,334 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wendy Chenot

    Seller's Agent in 2022

    Wendy Chenot

    A1A Team

    (503) 691-9700

    48 Total Sales

    Wendy Chenot
    Section Image
  • Lynn Johnsen

    Seller's Agent in 2021

    Lynn Johnsen

    RE/MAX

    (561) 239-1900

    76 Total Sales

    Lynn Johnsen
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10790123

BeachesMLS

APN: 06-43-47-31-06-001-2060

Florida Palm Beach County Boca Raton 33432

1 Royal Palm Way Unit 206, Boca Raton, FL

Not Listed for Sale

Condos

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