$320,000
SOLD SEP 26, 2023 RENTED OCT 23, 2024

7 Royal Palm Way Unit 506 Boca Raton, FL 33432

1 Bed
1 Bath
795 Sq Ft
$499/mo HOA Fee

Recently Sold

$403 Per Sq Ft

3% Below List Price

40 Days on Market

Highlights

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

About This Home

As of September 2023

Recently remodeled 1/1 condo in Boca Bayou, an ideal spot for boating enthusiasts. Enjoy picturesque views of the waterway & marina from this unit, just 1.2 miles away from the beach. This condo is completely turn-key, boasting unique features such as a full-size W/D within the unit (a rare find), brand new tile floors, SS appliances, private balcony, spacious bedroom, & ample closet space. Plus, a storage unit. Unit is currently leased until Feb 2024, w/ the lease paid in full. All exteriors & common areas have been recently renovated & completed in 2023. Boca Bayou amenities include 5 pools, multiple tennis courts, & a gym. Adjacent to the Boca Raton Golf Course, & close to shopping, beaches, & top-rated restaurants. Docks are available for rent (current waiting list), at $110 per month.

Last Agent to Sell the Property

Shana Kaplan

Level Realty Partners, LLC License #3326664 Listed on: 07/27/2023

Co-Listed By

Lauren Kahn

One Sotheby's Int'l Realty License #3251697

Last Buyer's Agent

Shakie Iskandarian

Beautiful Homes Realty Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,166

Year Built

  • Built in 1978

Lot Details

  • Waterfront
  • West Facing Home

HOA Fees

  • $499 Monthly HOA Fees

Home Design

  • Entry on the 5th floor
  • Brick Exterior Construction

Interior Spaces

  • 795 Sq Ft Home
  • Furnished or left unfurnished upon request
  • Combination Dining and Living Room
  • Screened Porch
  • Tile Flooring
  • Canal Views
  • Washer and Dryer

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

Parking

  • Deeded Parking
  • Assigned Parking

Outdoor Features

  • Property has ocean access
  • Fixed Bridges
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06434731060075060

Community Details

Overview

  • Association fees include management, common areas, cable TV, ground maintenance, maintenance structure, pool(s), reserve fund, sewer, security, trash, water
  • 721 Units
  • Boca Bayou II Subdivision
  • 1-Story Property

Amenities

  • Sauna
  • Billiard Room
  • Laundry Facilities
  • Community Storage Space
  • Elevator

Recreation

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

Security

  • Gated Community
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,166

Year Built

Built in 1978

Lot Details

0

HOA Fees

$499 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Gate entrance on SW 18th Ave between US-1 and S. Dixie Hwy. Must have appointment, gate must be notified.
  • Year Built: 1978
  • Carport Y N: No
  • Entry Level: 5
  • Unit Levels: One
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Bedroom on Main Level, Living/Dining Room, Main Living Area Entry Level, Walk-In Closet(s), Elevator
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Refrigerator, Self Cleaning Oven, Washer/Dryer, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Living Area: 795.0
  • Stories: 6
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Balcony
  • View: Canal, Water
  • Pool Features: Association
  • View: Yes
  • Waterfront Features: Fixed Bridge, Ocean Access, Water Access
  • Waterfront: Yes
  • Disclosures: Seller Disclosure
  • Construction Type: Brick, Block
  • Direction Faces: West
  • Patio And Porch Features: Balcony, Screened
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Deeded, One Space

Utilities

  • Laundry Features: Common Area
  • Security: Complex Fenced
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association Fee: 499.0
  • Community Features: Gated
  • Senior Community: No
  • Amenities: Bocce Court, Boat Dock, Billiard Room, Fitness Center, Laundry, Pool, Shuffleboard Court, Sauna, Storage, Tennis Court(s), Trash, Elevator(s)
  • Association #2 Fee: 499.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: No, Pet Restrictions

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Maintenance Grounds, Maintenance Structure, Pool(s), Reserve Fund, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 06434731060075060

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3166.0

Multi Family

  • Number Of Units In Community: 721

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Sep 26, 2023
Sold by
Lacoste Edward R and Zeller Sandra
Bought by
Youssefian Alex and Youssefian Vanda
Seller's Agent
Shana Kaplan
Level Realty Partners, LLC
Buyer's Agent
Shakie Iskandarian
Beautiful Homes Realty Inc
List Price
$329,000
Sold Price
$320,000
Premium/Discount to List
-$9,000
-2.74%
Views
128
Current Estimated Value
$299,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,825
Avg. Annual Appreciation
-3.28%

Purchase Details

Closed on
Mar 9, 2016
Sold by
Jolly Donald M
Bought by
Lacoste Edward R and Lacoste Sandra Zeller

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
3.79%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 17, 2015
Sold by
Jolly Ann L
Bought by
Jolly Ann L and Jolly Donald M

Purchase Details

Closed on
Nov 12, 2015
Sold by
Jolly Donald M
Bought by
Jolly Ann L

Purchase Details

Closed on
Sep 18, 2015
Sold by
Jolly Ann L
Bought by
Jolly Donald M
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $320,000 Attorneys Key Title Llc
Warranty Deed $320,000 Attorneys Key Title Llc
Warranty Deed $75,000 Title Source Inc
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $63,750 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 Rented $2,200 0.0% --
09/27/2024 09/27/24 Under Contract -- -- --
08/23/2024 08/23/24 For Rent $2,200 0.0% --
09/26/2023 09/26/23 Sold $320,000 -2.7% $403 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $329,000 -- $414 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $4,260 $235,000 -- --
2023 $3,477 $165,044 $0 $0
2022 $3,166 $150,040 $0 $0
2021 $2,708 $137,000 $0 $137,000
2020 $2,479 $124,000 $0 $124,000
2019 $2,510 $122,000 $0 $122,000
2018 $2,488 $127,000 $0 $127,000
2017 $2,334 $117,000 $0 $0
2016 $2,295 $113,000 $0 $0
2015 $738 $60,217 $0 $0
2014 $744 $59,739 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shakie Iskandarian

    Seller's Agent in 2024

    Shakie Iskandarian

    Beautiful Homes Realty Inc

    (561) 212-7942

    56 Total Sales

    Shakie Iskandarian
    Section Image

  • T

    Buyer's Agent in 2024

    Taylor London

    EXP Realty

    (954) 825-3472

    3 Total Sales

    Taylor London
    Section Image
  • Shana Kaplan

    Seller's Agent in 2023

    Shana Kaplan

    Level Realty Partners, LLC

    (305) 318-4057

    6 Total Sales

    Shana Kaplan
    Section Image
  • Lauren Kahn

    Seller Co-Listing Agent in 2023

    Lauren Kahn

    One Sotheby's Int'l Realty

    (561) 239-4662

    57 Total Sales

    Lauren Kahn
    Section Image

  • S

    Buyer's Agent in 2023

    Shakie Iskandarian

    Beautiful Homes Realty Inc

See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10392011

BeachesMLS (Greater Fort Lauderdale)

APN: 06-43-47-31-06-007-5060

Florida Palm Beach County Boca Raton 33432

7 Royal Palm Way Unit 506, Boca Raton, FL

This home is located at 7 Royal Palm Way Unit 506, Boca Raton, FL 33432 and is currently priced at $320,000, approximately $402 per square foot. This property was built in 1978. 7 Royal Palm Way Unit 506 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 (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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