NOT LISTED FOR SALE

5640 Rico Dr Boca Raton, FL 33487

Estimated Value: $4,690,000 - $6,932,000

5 Beds
5.5 Baths
6,637 Sq Ft
$897/Sq Ft Est. Value

Last Sold September 24, 2019

Last sale price $2,800,000 $422 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $35,755/month

142 Days on Market

Highlights

  • Property has ocean access
  • Intracoastal View
  • Waterfront
  • Boca Raton Community Middle School Rated A-
  • Heated Pool
  • Fruit Trees

About This Home

As of September 2019

It's rare to find a stunning Mediterranean-style 5 bed (4 en-suite) 5.5 bath home like this with a 3-car garage, split-bed open floor plan, spacious master suite, den, great room with gas fireplace, gym, marble tile, an elevator & floor-to-ceiling impact windows that showcase the striking pool, spa & water views on an east-facing cul-de-sac interior deep water (no fixed bridges) point lot with 245' of water frontage & a 60' dock, just 2 lots from the Intracoastal & minutes from the Boca Inlet. Send this listing to your significant other now...they'll agree that it's worth a look! The laundry room even has a dog-washing shower! If you don't take a look soon, there's a good chance that someone else will make an offer, and you'll probably spend weeks locked in your bedroom, crying over it.

Last Agent to Sell the Property

Michael Nathanson

RE/MAX Services License #3178792 Listed on: 04/04/2019

RE/MAX Services

Co-Listed By

Diane Rattray

Compass Florida LLC License #3357852

Last Buyer's Agent

Dennis Evans

Realty 100 License #3109941

Realty 100

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,026

Year Built

  • Built in 2003

Lot Details

  • 0.4 Acre Lot
  • Waterfront
  • Cul-De-Sac
  • Fenced
  • Corner Lot
  • Sprinkler System
  • Fruit Trees
  • Property is zoned R1B(ci

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Intracoastal
  • Canal
  • Pool

Home Design

  • Mediterranean Architecture
  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 6,637 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Central Vacuum
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Blinds
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Roman Tub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Eco-Friendly Details

  • Solar Water Heater

Outdoor Features

  • Heated Pool
  • Property has ocean access
  • No Fixed Bridges
  • Canal Access
  • Seawall
  • Balcony
  • Deck
  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating system powered by renewable energy
  • Cable TV Available

Community Details

  • Caribbean Keys Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06434704050140100

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,026

Year Built

Built in 2003

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Federal Hwy North of Yamato to Jeffery St; East on Jeffery to NE 7th Ave; South on NE 7th Ave to Newcastle St; Left to Rico Drive.
  • Year Built: 2003
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features, Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Elevator, French Door(s)/Atrium Door(s), Fireplace, Garden Tub/Roman Tub, Pantry, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Solar Hot Water, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Carpet, Marble
  • Living Area: 6637.0
  • Dining Room Type: Den, Family Room
  • Stories: 2
  • Window Features: Blinds, Drapes, Impact Glass

Exterior Features

  • Exterior Features: Balcony, Deck, Fence, Fruit Trees, Porch, Patio
  • View: Canal, Intercoastal, Pool
  • Lot Features: Corner Lot, Cul-De-Sac, Sprinklers Automatic
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Canal Access, No Fixed Bridges, Ocean Access, Seawall
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Deck, Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Spanish Tile, Tile

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security System
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Solar
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 06434704050140100
  • Lot Size Sq Ft: 17311.0
  • Zoning Description: R1B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 33026.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2019
Closed on
Sep 16, 2019
Sold by
Stein Patrica
Bought by
Evans Aaron J and Evans Amanda M
Seller's Agent
Michael Nathanson
RE/MAX Services
Buyer's Agent
Dennis Evans
Realty 100
List Price
$3,000,000
Sold Price
$2,800,000
Premium/Discount to List
-$200,000
-6.67%
Current Estimated Value
$5,955,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,155,449
Avg. Annual Appreciation
12.92%
Original Mortgage
$2,240,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 10, 2001
Sold by
Carlo A Barta I
Bought by
Stein Jonathan and Stein Patricia

Purchase Details

Closed on
Nov 20, 1996
Sold by
Barta Carlos and Barta Myrna
Bought by
Barta Carlo
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
Evans Aaron J $2,800,000 Attorney
Stein Jonathan $720,000 --
Barta Carlo $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Evans Aaron J $2,535,000
Closed Evans Aaron J $2,240,000
Previous Owner Stein Jonathan $250,000
Previous Owner Stein Jonathan S $322,700
Previous Owner Stein Jonathan S $650,000
Previous Owner Barta Carlo $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2019 09/24/19 Sold $2,800,000 -6.7% $422 / Sq Ft
08/25/2019 08/25/19 Pending -- -- --
04/04/2019 04/04/19 For Sale $3,000,000 -- $452 / 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 $37,793 $2,241,647 -- --
2023 $36,992 $2,176,356 $0 $0
2022 $36,461 $2,097,735 $0 $0
2021 $36,368 $2,036,636 $0 $0
2020 $35,860 $2,008,517 $0 $0
2019 $35,235 $1,919,146 $0 $0
2018 $33,026 $1,883,362 $0 $0
2017 $32,853 $1,844,625 $0 $0
2016 $32,991 $1,806,685 $0 $0
2015 $33,903 $1,794,126 $0 $0
2014 $34,045 $1,779,887 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Nathanson

    Seller's Agent in 2019

    Michael Nathanson

    RE/MAX

    (561) 509-5565

    142 Total Sales

    Section Image
  • Diane Rattray

    Seller Co-Listing Agent in 2019

    Diane Rattray

    Compass Florida LLC

    (561) 325-8831

    15 Total Sales

    Section Image

  • D

    Buyer's Agent in 2019

    Dennis Evans

    Realty 100

    (561) 601-3880

    3 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10518893

BeachesMLS

APN: 06-43-47-04-05-014-0100

Florida Palm Beach County Boca Raton 33487

5640 Rico Dr, Boca Raton, FL

This home is located at 5640 Rico Dr, Boca Raton, FL 33487 since 04 April 2019 and is currently estimated at $5,955,449, approximately $897 per square foot. This property was built in 2003. 5640 Rico Dr is a home located in Palm Beach County with nearby schools including J. C. Mitchell 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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