NOT LISTED FOR SALE

Chalfonte Condos (South Tower) 550 S Ocean Blvd Unit 506 Boca Raton, FL 33432

Estimated Value: $1,309,000 - $1,698,000

2 Beds
2 Baths
1,448 Sq Ft
1974 Built

Last Sold March 15, 2024

Last sale price $1,731,000 $1,195 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $9,311/month

168 Days on Market

Highlights

  • Property has ocean access
  • Fitness Center
  • Clubhouse
  • Boca Raton Community Middle School Rated A-
  • Waterfront
  • Pool View

About This Home

As of March 2024

Renovated 2BD/2BA, 5th floor condo with stunning ocean views from every room. Large terrace overlooking the Atlantic Ocean. Bright, airy and contemporary residence, totally reconstructed with open custom kitchen and high-end appliances. Additional features include beautiful porcelain floors throughout, renovated bathrooms and recessed lighting. Luxury building on the sand with renovated lobby, private beach access, resort style swimming pool area and hot tub, state of the art fitness room and 2 tennis courts. 24 hour manned security, barbecues. Short walk to Boca Raton Beach Club and downtown restaurants and shops.

Last Agent to Sell the Property

Ana Londono

Lang Realty/BR License #3053100 Listed on: 08/31/2023

Lang Realty/BR

Last Buyer's Agent

Brianna Lombardo

Compass Florida LLC License #3509777

Compass Florida LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,920

Year Built

  • Built in 1974

Lot Details

  • East Facing Home

Parking

  • 1 Car Garage
  • Guest Parking
  • Assigned Parking

Interior Spaces

  • 1,448 Sq Ft Home
  • Furnished or left unfurnished upon request
  • Formal Dining Room
  • Home Security System

Kitchen

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

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 06434728080010506

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include cable TV, insurance, ground maintenance, pest control, sewer, security, trash, water, internet
  • 378 Units
  • 550 (South) Condos
  • Chalfonte Condo Subdivision
  • 23-Story Property

Amenities

  • Billiard Room
  • Business Center
  • Community Library
  • Elevator
  • Bike Room

Recreation

  • Community Spa
  • Putting Green

Security

  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,920

Year Built

Built in 1974

Lot Details

0 Sq Ft Lot

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: AIA south of Palmetto or north of Camino Real to Chalfonte.
  • Year Built: 1974
  • New Construction: No
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Dining Area, Separate/Formal Dining Room, Split Bedrooms, Separate Shower
  • Main Level Bedrooms: 2
  • Furnished: Negotiable
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1448.0
  • Stories: 23
  • Window Features: Storm Window(s)

Exterior Features

  • Exterior Features: Outdoor Living Area
  • View: Pool
  • Pool Features: Association
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Shoreline - Sand
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Direction Faces: East
  • Patio And Porch Features: Covered
  • 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: Inside, Laundry Closet
  • Security: Security System, Closed Circuit Camera(s), Fire Alarm, Lobby Secured
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Individual
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1419.0
  • Phone: 561-392-1530
  • Pets Allowed: No
  • Community Features: Property Manager On-Site
  • Senior Community: No
  • Amenities: Billiard Room, Bike Storage, Business Center, Clubhouse, Elevator(s), Fitness Center, Library, Pickleball, Pool, Parking, Putting Green(s), Spa/Hot Tub, Tennis Court(s), Trash
  • Association: Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Cable TV, Insurance, Maintenance Grounds, Pest Control, Sewer, Security, Trash, Water, Internet

Lot Info

  • Parcel #: 06434728080010506
  • Mobile Dim Units: Feet
  • Zoning: R5A(ci

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 14919.9

Multi Family

  • Number Of Units In Community: 378

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2023
Closed on
Mar 15, 2024
Sold by
Benghozi Simon V and Benghozi Guy
Bought by
Solimene George
Seller's Agent
Ana Londono
Lang Realty/BR
Buyer's Agent
Brianna Lombardo
Compass Florida LLC
List Price
$1,889,000
Sold Price
$1,731,000
Premium/Discount to List
-$158,000
-8.36%
Views
59
Current Estimated Value
$1,515,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$215,800
Avg. Annual Appreciation
-6.41%
Original Mortgage
$1,298,250
Outstanding Balance
$1,270,320
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$244,880
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Solimene George $1,731,000 Princeton Title & Escrow
Solimene George $1,731,000 Princeton Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solimene George $1,298,250
Closed Solimene George $1,298,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2024 03/15/24 Sold $1,731,000 -3.6% $1,195 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
12/13/2023 12/13/23 Price Changed $1,795,000 -5.0% $1,240 / Sq Ft
08/31/2023 08/31/23 For Sale $1,889,000 0.0% $1,305 / Sq Ft
01/12/2012 01/12/12 Rented $4,500 -10.0% --
12/13/2011 12/13/11 Under Contract -- -- --
10/03/2011 10/03/11 For Rent $5,000 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

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 $17,131 $1,455,000 -- --
2024 $17,131 $937,024 -- --
2023 $15,729 $851,840 $0 $0
2022 $14,920 $774,400 $0 $0
2021 $13,373 $765,000 $0 $765,000
2020 $11,797 $640,000 $0 $640,000
2019 $11,393 $600,000 $0 $600,000
2018 $10,709 $590,000 $0 $590,000
2017 $10,846 $590,000 $0 $0
2016 $10,317 $534,397 $0 $0
2015 $9,759 $485,815 $0 $0
2014 $9,129 $441,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ana Londono

    Seller's Agent in 2024

    Ana Londono

    Lang Realty/BR

    (561) 843-1171

    110 Total Sales

    Ana Londono
    Section Image
  • Brianna Lombardo

    Buyer's Agent in 2024

    Brianna Lombardo

    Compass Florida LLC

    (914) 907-9173

    28 Total Sales

    Brianna Lombardo
    Section Image
  • Pamella Queiroga

    Buyer Co-Listing Agent in 2024

    Pamella Queiroga

    Douglas Elliman

    (732) 207-4502

    15 Total Sales

    Pamella Queiroga
    Section Image

  • E

    Buyer's Agent in 2012

    Eve Hyatt

    Lang Realty/BR

See All Agents

About Chalfonte Condos (South Tower)

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10915779

BeachesMLS (Greater Fort Lauderdale)

APN: 06-43-47-28-08-001-0506

Florida Palm Beach County Boca Raton 33432

550 S Ocean Blvd Unit 506, Boca Raton, FL

Not Listed for Sale

Condos

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