$2,900,000
SOLD APR 18, 2025

The Addison 1500 S Ocean Blvd Unit 1602 Boca Raton, FL 33432

3 Beds
3.5 Baths
2,792 Sq Ft
$4,513/mo HOA Fee

Recently Sold

$1,039 Per Sq Ft

19% Below List Price

64 Days on Market

Highlights

  • Ocean Front
  • Community Cabanas
  • Gated with Attendant
  • Boca Raton Community Middle School Rated A-
  • Fitness Center
  • Clubhouse

About This Home

As of April 2025

S-1602 is a rarely available, 3-bedroom, 3.5-bath, PENTHOUSE residence with endless sunrise ocean views to the east and spectacular sunset city views to the west. This oceanfront residence features an air conditioned beachfront cabana, 2 parking spaces, 9 Ft. ceilings and impact glass throughout. This is an incredible opportunity to own a premier, top-floor unit in one of Boca Raton's most luxurious, resort-style buildings. From the grand foyer entry to the built-in wet bar to the double balconies with panoramic vistas... this fabulous unit is perfect for entertaining. S-1602 is the height of luxury located at the height of the building, this incredibly sought after penthouse won't last!

Last Agent to Sell the Property

Mark Howard Hansen

Coldwell Banker License #637205 Listed on: 02/10/2025

Coldwell Banker

Last Buyer's Agent

Mark Howard Hansen

Coldwell Banker License #637205 Listed on: 02/10/2025

Coldwell Banker

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,408

Year Built

  • Built in 1986

Lot Details

  • Ocean Front

HOA Fees

  • $4,513 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit
  • Assigned Parking

Home Design

  • Entry on the 16th floor
  • Concrete Roof

Interior Spaces

  • 2,792 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Entrance Foyer
  • Family Room
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer
  • Laundry Tub

Home Security

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 06434732230021602

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, ground maintenance, maintenance structure, pest control, sewer, security, trash, water
  • 169 Units
  • Addison Subdivision
  • 16-Story Property

Amenities

  • Game Room
  • Billiard Room
  • Community Library
  • Bike Room
  • Community Storage Space

Recreation

  • Community Spa

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Impact Glass
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,408

Year Built

Built in 1986

Lot Details

0

HOA Fees

$4,513 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: A1A south of Camino Real on the east, ocean side.
  • Year Built: 1986
  • Entry Level: 16
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Living/Dining Room, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Marble
  • Living Area: 2792.0
  • Dining Room Type: Family Room, Laundry, Storage Room
  • Stories: 16
  • Window Features: Impact Glass

Exterior Features

  • View: Ocean, Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Garage, Two or More Spaces

Utilities

  • Laundry Features: Laundry Tub
  • Security: Gated with Guard, Security Guard, Fire Sprinkler System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 4513.0
  • Community Features: Game Room, Gated, Property Manager On-Site, Pool, Sauna
  • Senior Community: No
  • Amenities: Billiard Room, Bike Storage, Cabana, Clubhouse, Fitness Center, Library, Management, Pool, Sauna, Spa/Hot Tub, Storage, Trash
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 06434732230021602
  • Lot Size: East of US-1,Treed Lot
  • Zoning Description: Resident
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Security Deposit: 100.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 17408.0

Multi Family

  • Number Of Units In Community: 169

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2025
Closed on
Apr 18, 2025
Sold by
Shapiro Marilyn
Bought by
Shuman Michael
Seller's Agent
Mark Howard Hansen
Coldwell Banker
Buyer's Agent
Mark Howard Hansen
Coldwell Banker
List Price
$3,600,000
Sold Price
$2,900,000
Premium/Discount to List
-$700,000
-19.44%
Views
18
Current Estimated Value
$3,056,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,446
Avg. Annual Appreciation
9.89%

Purchase Details

Closed on
Aug 8, 2002
Sold by
Nicholson Raymond J
Bought by
Shapiro Marilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.84%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $2,900,000 Patch Reef Title
Warranty Deed $2,900,000 Patch Reef Title
Warranty Deed $1,060,000 Patch Reef Title Company Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $387,000 New Conventional
Previous Owner $400,000 Stand Alone First
Previous Owner $800,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 Sold $2,900,000 -15.9% $1,039 / Sq Ft
04/15/2025 04/15/25 Pending -- -- --
03/17/2025 03/17/25 Price Changed $3,450,000 -4.2% $1,236 / Sq Ft
02/10/2025 02/10/25 For Sale $3,600,000 -- $1,289 / 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
2024 $17,408 $1,048,574 -- --
2023 $17,031 $1,018,033 $0 $0
2022 $16,896 $988,382 $0 $0
2021 $16,837 $959,594 $0 $0
2020 $16,602 $946,345 $0 $0
2019 $16,684 $925,068 $0 $0
2018 $15,628 $907,819 $0 $0
2017 $15,536 $889,147 $0 $0
2016 $15,584 $870,859 $0 $0
2015 $16,002 $864,805 $0 $0
2014 $16,065 $857,941 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Mark Howard Hansen

    Coldwell Banker

    (561) 213-2616

    50 Total Sales

    Mark Howard Hansen
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About The Addison

Map

Source: BeachesMLS

MLS Number: R11061063

BeachesMLS

APN: 06-43-47-32-23-002-1602

Florida Palm Beach County Boca Raton 33432

1500 S Ocean Blvd Unit 1602, Boca Raton, FL

This home is located at 1500 S Ocean Blvd Unit 1602, Boca Raton, FL 33432 and is currently priced at $2,900,000, approximately $1,038 per square foot. This property was built in 1986. 1500 S Ocean Blvd Unit 1602 is a home located in Palm Beach County with nearby schools including Boca Raton Elementary School, Boca Raton Community Middle School, and Boca Raton Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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