$387,500
SOLD JUL 24, 2023

7 Royal Palm Way Unit 408 Boca Raton, FL 33432

2 Beds
2 Baths
1,130 Sq Ft
$610/mo HOA Fee

Recently Sold

$343 Per Sq Ft

3% Below List Price

187 Days on Market

Highlights

  • Property has ocean access
  • Fitness Center
  • Gated with Attendant
  • Boca Raton Community Middle School Rated A-
  • Intracoastal View
  • Waterfront

About This Home

As of July 2023

Boca Bayou is a staple, East Boca Raton community, with dramatic water views of the Hillsboro river. You don't want to miss this opportunity with arguably one of the best views and most sought after building in the community. This condo has two extra storage units for three total and assigned parking super close. Boca Bayou has community docks when available, and occasional opportunity to rent one from a neighbor. Entire community just undergone full renovation including concrete restoration on all buildings, new screens, and new pavement throughout24/7 manned guard gate with resort style amenities including two tennis courts, 5 saltwater pools, mens and women's sauna, two fitness rooms, and clubhouse.

Last Agent to Sell the Property

James Graham

Compass Florida LLC License #3460208 Listed on: 12/21/2022

Compass Florida LLC

Last Buyer's Agent

Starr Horton

Balistreri Real Estate Inc License #3288487

Balistreri Real Estate Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,213

Year Built

  • Built in 1976

Lot Details

  • Waterfront

HOA Fees

  • $610 Monthly HOA Fees

Parking

  • Assigned Parking

Property Views

  • Intracoastal
  • River

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 1,130 Sq Ft Home
  • Combination Kitchen and Dining Room
  • Ceramic Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • Property has ocean access
  • Seawall
  • Patio
  • Outdoor Grill

Utilities

  • Cooling Available
  • Heating Available
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 06434731060074080

Community Details

Overview

  • Association fees include common areas, hot water, insurance, laundry, legal/accounting, ground maintenance, maintenance structure, parking, pool(s), recreation facilities, reserve fund, roof, security, trash
  • Boca Bayou Subdivision
  • 6-Story Property

Amenities

  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Elevator
  • Bike Room

Recreation

  • Tennis Courts
  • Shuffleboard Court
  • Fitness Center
  • Community Pool

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,213

Year Built

Built in 1976

Lot Details

0

HOA Fees

$610 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Driving South on Federal Hwy just after passing Camino Real take your next right onto Royal Palm Way, and an immediate left into Boca Bayou community. Proceed to gate on left hand side.
  • Year Built: 1976
  • Entry Level: 4
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Area, Kitchen/Dining Combo, Tub Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1130.0
  • Stories: 6

Exterior Features

  • Exterior Features: Outdoor Grill, Patio
  • View: Intercoastal, River
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Access, Seawall
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Laundry Features: Common Area
  • Security: Gated with Guard, Security Guard, Smoke Detector(s)
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 610.0
  • Community Features: Clubhouse, Gated, Property Manager On-Site, Pool, Sauna, Shuffleboard, Street Lights, Tennis Court(s)
  • Senior Community: No
  • Amenities: Bike Storage, Clubhouse, Fitness Center, Laundry, Management, Pool, Shuffleboard Court, Sauna, Tennis Court(s), Trash, Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Hot Water, Insurance, Laundry, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Parking, Pool(s), Recreation Facilities, Reserve Fund, Roof, Security, Trash

Lot Info

  • Parcel #: 06434731060074080
  • Zoning Description: R-4

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4213.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2014
Sold by
Krisch Louis J and Krisch Maria
Bought by
Mille Muge
Current Estimated Value
$426,112

Purchase Details

Closed on
Jun 1, 2000
Sold by
Pr Edward L Schloer
Bought by
Krisch Louis J
Source: Public Records

Range of Values:

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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 $185,000 Attorney
Deed $95,000 --
Warranty Deed -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2024 02/01/24 Rented $2,500 -3.7% --
01/16/2024 01/16/24 Under Contract -- -- --
11/03/2023 11/03/23 Price Changed $2,595 -3.7% $2 / Sq Ft
10/18/2023 10/18/23 Price Changed $2,695 -3.6% $2 / Sq Ft
10/03/2023 10/03/23 Price Changed $2,795 -3.5% $2 / Sq Ft
09/19/2023 09/19/23 Price Changed $2,895 -3.3% $3 / Sq Ft
08/25/2023 08/25/23 Price Changed $2,995 -6.3% $3 / Sq Ft
08/15/2023 08/15/23 Price Changed $3,195 -3.0% $3 / Sq Ft
08/01/2023 08/01/23 For Rent $3,295 0.0% --
07/24/2023 07/24/23 Sold $387,500 -3.1% $343 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $399,997 0.0% $354 / Sq Ft
05/07/2023 05/07/23 Off Market $399,997 -- --
04/12/2023 04/12/23 Price Changed $399,997 -4.2% $354 / Sq Ft
03/23/2023 03/23/23 Price Changed $417,750 -4.0% $370 / Sq Ft
12/21/2022 12/21/22 For Sale $435,000 0.0% $385 / Sq Ft
10/31/2019 10/31/19 Rented $3,000 0.0% --
10/01/2019 10/01/19 Under Contract -- -- --
10/18/2018 10/18/18 For Rent $3,000 -- --
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 $5,876 $330,000 -- --
2023 $4,641 $224,939 $0 $0
2022 $4,213 $204,490 $0 $0
2021 $3,612 $188,000 $0 $188,000
2020 $3,292 $169,000 $0 $169,000
2019 $3,254 $162,000 $0 $162,000
2018 $2,985 $155,000 $0 $155,000
2017 $3,074 $158,000 $0 $0
2016 $3,129 $158,000 $0 $0
2015 $3,041 $149,000 $0 $0
2014 $2,904 $140,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10853420

BeachesMLS

APN: 06-43-47-31-06-007-4080