NOT LISTED FOR SALE

499 Royal Palm Way Boca Raton, FL 33432

Royal Palm Yacht and Country Club Neighborhood

Estimated Value: $8,531,000 - $12,463,696

5 Beds
7 Baths
7,095 Sq Ft
$1,430/Sq Ft Est. Value

Last Sold May 03, 2021

Last sale price $7,150,000 $1,008 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $65,641/month

392 Days on Market

Highlights

  • On Golf Course
  • Saltwater Pool
  • Great Room
  • Boca Raton Community Middle School Rated A-
  • High Ceiling
  • Den

About This Home

As of May 2021

This home is located at 499 Royal Palm Way, Boca Raton, FL 33432 since 06 March 2020 and is currently estimated at $10,142,899, approximately $1,429 per square foot. This property was built in 2016. 499 Royal Palm Way 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.

Last Agent to Sell the Property

David Roberts

Royal Palm Properties LLC License #464265 Listed on: 03/06/2020

Last Buyer's Agent

Jonathan Postma

Coldwell Banker/BR License #3199367

Coldwell Banker/BR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $66,173

Year Built

  • Built in 2016

Lot Details

  • 0.5 Acre Lot
  • On Golf Course
  • Sprinkler System
  • Property is zoned R1A(ci

HOA Fees

  • $370 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Golf Course
  • Garden
  • Pool

Interior Spaces

  • 7,095 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Built-In Features
  • High Ceiling
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Family Room
  • Combination Kitchen and Dining Room
  • Den
  • Tile Flooring
  • Impact Glass
  • Laundry Room

Kitchen

  • Gas Range
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Outdoor Features

  • Saltwater Pool
  • Balcony
  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 06434729100140221

Community Details

Overview

  • Association fees include common areas, security
  • Royal Palm Yacht & Countr Subdivision

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$66,173

Year Built

Built in 2016

Lot Details

0

HOA Fees

$370 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: ROYAL PALM YACHT & COUNTRY CLUB
  • Year Built: 2016
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features, Entrance Foyer, Fireplace, High Ceilings, Kitchen/Dining Combo, Pantry, Split Bedrooms, Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Tile
  • Living Area: 7095.0
  • Dining Room Type: Den, Family Room, Great Room, Laundry
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Balcony, Porch, Patio
  • View: Golf Course, Garden, Pool
  • Lot Features: On Golf Course, Sprinklers Automatic
  • Pool Features: Heated, Pool, Salt Water
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Patio, Porch
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security Guard
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 370.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Security

Lot Info

  • Parcel #: 06434729100140221
  • Lot Size Sq Ft: 21605.0
  • Zoning Description: R1A(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 66173.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2020
Closed on
May 3, 2021
Sold by
Levy Robert and Levy Caron
Bought by
Marzano Frank P and Marzano Jennifer
Seller's Agent
David Roberts
Royal Palm Properties LLC
Buyer's Agent
Jonathan Postma
Coldwell Banker/BR
List Price
$7,750,000
Sold Price
$7,150,000
Premium/Discount to List
-$600,000
-7.74%
Total Days on Market
392
Current Estimated Value
$10,142,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,992,899
Avg. Annual Appreciation
6.77%
Original Mortgage
$4,530,000
Outstanding Balance
$4,148,667
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$5,273,615

Purchase Details

Closed on
Apr 28, 2011
Sold by
Regions Bank
Bought by
Levy Robert and Levy Caron

Purchase Details

Closed on
Apr 12, 2011
Sold by
Spencer Gilbert
Bought by
Regions Bank and Regions Mortgage

Purchase Details

Closed on
Jul 12, 2005
Sold by
Thornbrough Albert Grant
Bought by
Spencer Gilbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.59%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Marzano Frank P $7,150,000 Old Palm Title Llc
Levy Robert $1,250,000 Old Palm Title Llc
Regions Bank -- None Available
Spencer Gilbert -- --
Spencer Gilbert $2,350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marzano Frank P $4,530,000
Previous Owner Levy Robert $1,600,000
Previous Owner Levy Robert $1,600,000
Previous Owner Spencer Gilbert $500,000
Previous Owner Spencer Gilbert $235,000
Previous Owner Spencer Gilbert $1,880,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2021 05/03/21 Sold $7,150,000 -7.7% $1,008 / Sq Ft
04/03/2021 04/03/21 Pending -- -- --
03/06/2020 03/06/20 For Sale $7,750,000 -- $1,092 / 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 $109,099 $6,444,395 -- --
2023 $106,823 $6,256,694 $0 $0
2022 $106,109 $6,074,460 $0 $0
2021 $67,100 $3,748,468 $0 $0
2020 $66,173 $3,696,714 $0 $0
2019 $66,549 $3,613,601 $2,000,000 $1,613,601
2018 $64,304 $3,654,776 $2,011,237 $1,643,539
2017 $65,547 $3,665,774 $1,915,464 $1,750,310
2016 $28,410 $1,443,180 $0 $0
2015 $27,316 $1,311,982 $0 $0
2014 $23,248 $1,192,711 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    David Roberts

    Royal Palm Properties LLC

    (561) 368-6200

    172 in this area

    182 Total Sales

    David Roberts
    Section Image
  • Jonathan Postma

    Buyer's Agent in 2021

    Jonathan Postma

    Coldwell Banker/BR

    (561) 843-7828

    11 in this area

    111 Total Sales

    Jonathan Postma
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10607231

BeachesMLS

APN: 06-43-47-29-10-014-0221

Florida Palm Beach County Boca Raton 33432 Royal Palm Yacht and Country Club

499 Royal Palm Way, Boca Raton, FL

This home is located at 499 Royal Palm Way, Boca Raton, FL 33432 since 06 March 2020 and is currently estimated at $10,142,899, approximately $1,429 per square foot. This property was built in 2016. 499 Royal Palm Way 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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