$1,850,000
SOLD FEB 28, 2025

Chalfonte Condos (South Tower) 550 S Ocean Blvd Unit 1506 Boca Raton, FL 33432

2 Beds
2 Baths
1,448 Sq Ft
$1,525/mo HOA Fee

Recently Sold

$1,278 Per Sq Ft

5% Below List Price

15 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Clubhouse
  • Boca Raton Community Middle School Rated A-
  • Fitness Center
  • Furnished

About This Home

As of February 2025

2-bedroom, 2-bath residence located in one of the most sought-after buildings in Boca Raton Beach. This south east-facing home has Porcelain floors, top-of-the-line Thermador appliances and more. The building offers an array of amenities, including private beach access, oceanside pools, hot tubs, barbecues, cutting-edge fitness centers, and two tennis courts, among others. 2 private suites for resident guests are also available. Embrace luxury oceanfront living at its best!

Last Agent to Sell the Property

Ana Londono

Lang Realty/BR License #3053100 Listed on: 02/04/2025

Lang Realty/BR

Last Buyer's Agent

Ana Londono

Lang Realty/BR License #3053100 Listed on: 02/04/2025

Lang Realty/BR

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,690

Year Built

  • Built in 1974

Lot Details

HOA Fees

  • $1,525 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Guest Parking
  • Assigned Parking

Property Views

Home Design

  • Entry on the 15th floor

Interior Spaces

  • 1,448 Sq Ft Home
  • Furnished
  • Formal Dining Room
  • Tile Flooring
  • Closed Circuit Camera
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Schools

  • Boca Raton Elementary School
  • Boca Raton Community Middle School
  • Boca Raton Community High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06434728080011506
  • Seller Considering Concessions

Community Details

Overview

  • Association fees include management, cable TV, insurance, maintenance structure, parking, pest control, reserve fund, roof, sewer, security, trash, water, internet
  • 378 Units
  • Chalfonte Condo Subdivision
  • 23-Story Property

Amenities

  • Doorman
  • Billiard Room
  • Business Center
  • Community Library
  • Laundry Facilities
  • Bike Room
  • Community Wi-Fi

Recreation

  • Community Spa
  • Putting Green

Security

  • Resident Manager or Management On Site
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$19,690

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,525 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 1974
  • Entry Level: 15
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Dining Area, Separate/Formal Dining Room, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Furnished: Furnished
  • Spa Features: Community
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 1448.0
  • Stories: 23
  • Window Features: Impact Glass

Exterior Features

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

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Garage, Guest

Utilities

  • Laundry Features: Common Area
  • Security: Closed Circuit Camera(s), Door Man
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1525.0
  • Community Features: Internet Access, Non-Gated, Pickleball, Property Manager On-Site, Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Billiard Room, Bike Storage, Business Center, Clubhouse, Fitness Center, Laundry, Library, Management, Pickleball, Pool, Putting Green(s), Spa/Hot Tub, Tennis Court(s), Trash
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Insurance, Maintenance Structure, Parking, Pest Control, Reserve Fund, Roof, Sewer, Security, Trash, Water, Internet

Schools

  • Elementary School: Boca Raton
  • High School: Boca Raton Community
  • Middle Or Junior School: Boca Raton Community

Lot Info

  • Parcel #: 06434728080011506
  • Zoning Description: R5A(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 19690.0

Multi Family

  • Number Of Units In Community: 378

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2025
Closed on
Feb 28, 2025
Sold by
Double Eagle Asset Management Llc
Bought by
Myers Kevin and Myers Cynthia
Seller's Agent
Ana Londono
Lang Realty/BR
Buyer's Agent
Ana Londono
Lang Realty/BR
List Price
$1,949,000
Sold Price
$1,850,000
Premium/Discount to List
-$99,000
-5.08%
Views
1
Current Estimated Value
$1,805,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,824
Avg. Annual Appreciation
-4.52%
Original Mortgage
$1,250,000
Outstanding Balance
$1,243,127
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$562,049

Purchase Details

Listed on
Feb 16, 2024
Closed on
May 6, 2024
Sold by
Marcia S Lassman Revocable Living Trust and Lassman Marcia S
Bought by
Double Eagle Asset Management Llc
Seller's Agent
Ana Londono
Lang Realty/BR
Buyer's Agent
Ana Londono
Lang Realty/BR
List Price
$1,600,000
Sold Price
$1,250,000
Premium/Discount to List
-$350,000
-21.88%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.30%

Purchase Details

Listed on
May 11, 2023
Closed on
Jul 31, 2023
Sold by
Janet H Lassman Revocable Trust
Bought by
Marcia S Lassman Revocable Living Trust and Lassman
Seller's Agent
Ana Londono
Lang Realty/BR
Buyer's Agent
Aaron Buchbinder
Compass Florida LLC
Sold Price
$6,000
Views
2

Purchase Details

Closed on
Apr 30, 2021
Sold by
Lassman Janet H and The Janet H Lassman Revocable
Bought by
Lassman Marcia S and Lassman Marcia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2017
Sold by
Lassman Florida Property
Bought by
Lassman Janet H and The Janet H Lassman Revocable Trust

Purchase Details

Closed on
Oct 4, 1999
Sold by
Chelec Zalmon J and Chelec Lois H
Bought by
Lassman Florida Property

Purchase Details

Closed on
Mar 8, 1995
Sold by
Chelec Zalmon J and Chelec Lois H
Bought by
Chelec Zalmon J

Purchase Details

Closed on
Apr 13, 1994
Sold by
Erickson David L
Bought by
Chelec Lois H
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 Type Sale Price Title Company
Warranty Deed $1,850,000 Patch Reef Title
Warranty Deed $1,850,000 Patch Reef Title
Warranty Deed $1,250,000 Princeton Title & Escrow
Deed -- None Listed On Document
Deed $700,000 Accommodation
Quit Claim Deed -- Attorney
Warranty Deed $310,000 --
Quit Claim Deed -- --
Warranty Deed $100,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,250,000 New Conventional
Closed $1,250,000 New Conventional
Previous Owner $600,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $1,850,000 -5.1% $1,278 / Sq Ft
02/19/2025 02/19/25 Pending -- -- --
02/04/2025 02/04/25 For Sale $1,949,000 +55.9% $1,346 / Sq Ft
05/06/2024 05/06/24 Sold $1,250,000 -10.7% $863 / Sq Ft
04/20/2024 04/20/24 Pending -- -- --
03/31/2024 03/31/24 Price Changed $1,400,000 -6.7% $967 / Sq Ft
03/14/2024 03/14/24 Price Changed $1,500,000 -3.2% $1,036 / Sq Ft
02/29/2024 02/29/24 Price Changed $1,549,000 -3.2% $1,070 / Sq Ft
02/16/2024 02/16/24 For Sale $1,600,000 0.0% $1,105 / Sq Ft
06/15/2023 06/15/23 Rented $6,000 0.0% --
05/11/2023 05/11/23 For Rent $6,000 -- --
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 $19,690 $1,140,172 -- --
2023 $18,045 $1,036,520 $0 $1,036,520
2022 $17,603 $987,900 $0 $0
2021 $14,235 $810,000 $0 $810,000
2020 $12,610 $685,000 $0 $685,000
2019 $12,229 $645,000 $0 $645,000
2018 $11,508 $635,000 $0 $635,000
2017 $11,683 $635,000 $0 $0
2016 $11,390 $600,281 $0 $0
2015 $10,796 $545,710 $0 $0
2014 $10,115 $496,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ana Londono

    Seller's Agent in 2025

    Ana Londono

    Lang Realty/BR

    (561) 843-1171

    117 Total Sales

    Ana Londono
    Section Image
  • Aaron Buchbinder

    Buyer's Agent in 2023

    Aaron Buchbinder

    Compass Florida LLC

    (305) 851-2820

    186 Total Sales

    Aaron Buchbinder
    Section Image

  • M

    Buyer Co-Listing Agent in 2023

    Michelle Berman

    Compass Florida LLC

    (561) 702-2886

    3 Total Sales

    Michelle Berman
    Section Image
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About Chalfonte Condos (South Tower)

Map

Source: BeachesMLS

MLS Number: R11059080

BeachesMLS

APN: 06-43-47-28-08-001-1506

Florida Palm Beach County Boca Raton 33432

550 S Ocean Blvd Unit 1506, Boca Raton, FL

This home is located at 550 S Ocean Blvd Unit 1506, Boca Raton, FL 33432 and is currently priced at $1,850,000, approximately $1,277 per square foot. This property was built in 1974. 550 S Ocean Blvd Unit 1506 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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