$480,000
SOLD MAR 17, 2025
1 Bed
1 Bath
890 Sq Ft
$892/mo HOA Fee

Recently Sold

$539 Per Sq Ft

10% Below List Price

415 Days on Market

Highlights

  • Doorman
  • Water Views
  • Clubhouse
  • Boca Raton Community Middle School Rated A-
  • Fitness Center
  • 3-minute walk to Sanborn Square

About This Home

As of March 2025

Welcome to Palmetto Place where luxury meets convenience in the heart of downtown Boca Raton. This stylish FRESHLY PAINTED one-bedroom, one-bath residence offers an unparalleled living experience with breathtaking city views. GREAT FOR INVESTORS! The open floor plan seamlessly connects the living and dining areas, creating an inviting space for entertaining or relaxation. The well-appointed kitchen features modern appliances and sleek countertops, perfect for culinary enthusiasts. The spacious bedroom provides a tranquil retreat with ample natural light and generous closet spaces. The contemporary bathroom boasts elegant finishes and a soothing amblance. Residents of Palmetto Place enjoy access to a range of upscale amenities, a resort-style pool fitness, and 24-hour concierge service.

Last Agent to Sell the Property

Esther Levin-Morrison

The Corcoran Group License #3237784 Listed on: 01/26/2024

The Corcoran Group

Last Buyer's Agent

Kasia Maslanka

Douglas Elliman License #3283917

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,347

Year Built

  • Built in 2003

HOA Fees

  • $892 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Interior Spaces

  • 890 Sq Ft Home
  • Custom Mirrors
  • Built-In Features
  • Ceiling Fan
  • Great Room
  • Water Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

Outdoor Features

  • Patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06434729560088370
  • Seller Considering Concessions

Community Details

Overview

  • Association fees include common areas, insurance, legal/accounting, ground maintenance, reserve fund
  • 243 Units
  • High-Rise Condominium
  • Palmetto Place Condo Subdivision
  • 9-Story Property

Amenities

  • Doorman
  • Bike Room

Recreation

  • Community Basketball Court
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,347

Year Built

Built in 2003

Lot Details

0

HOA Fees

$892 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: 99 SE Mizner Blvd. East of Federal Hwy, South of Palmetto Park Rd, SE 1st StreetThe entrance to the lobby is by the Valet
  • Year Built: 2003
  • Architectural Style: High Rise
  • Entry Level: 8
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Custom Mirrors, Pantry, Separate Shower
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer/Dryer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Tile, Laminate
  • Living Area: 890.0
  • Dining Room Type: Great Room, Laundry
  • Stories: 9

Exterior Features

  • Exterior Features: Patio
  • View: Water
  • Pool Features: None
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

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

Utilities

  • Security: Door Man, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 892.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Basketball Court, Bike Storage, Clubhouse, Fitness Center, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Legal/Accounting, Maintenance Grounds, Reserve Fund

Schools

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

Lot Info

  • Parcel #: 06434729560088370
  • Lot Size: East of US-1,Sidewalks
  • Zoning Description: multi fa

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6347.0

Multi Family

  • Number Of Units In Community: 243

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2024
Closed on
Mar 17, 2025
Sold by
Sergi Terri and Nick Sergi And Terri Sergi Revocable Tru
Bought by
Spadina Sime
Seller's Agent
Esther Levin-Morrison
The Corcoran Group
Buyer's Agent
Kasia Maslanka
Douglas Elliman
List Price
$532,000
Sold Price
$480,000
Premium/Discount to List
-$52,000
-9.77%
Total Days on Market
415
Views
57
Current Estimated Value
$486,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,064
Avg. Annual Appreciation
3.36%

Purchase Details

Closed on
Dec 8, 2014
Sold by
Sergi Nick and Sergi Terri
Bought by
Nick Sergi & Terri Sergi Revocable Trust

Purchase Details

Closed on
Jan 13, 2011
Sold by
U S Bank National Association
Bought by
Sergi Nick

Purchase Details

Closed on
Feb 22, 2010
Sold by
Hawkins Edwin
Bought by
Us Bank National Association

Purchase Details

Closed on
Aug 31, 2005
Sold by
Kemp Natasha
Bought by
Hawkins Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
8.9%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 10, 2003
Sold by
Palmetto Place Development Llc
Bought by
Kemp Natasha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,400
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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 $480,000 Equity Title & Escrow
Interfamily Deed Transfer -- Attorney
Special Warranty Deed $180,000 Watson Title Ins Agency Inc
Trustee Deed $146,100 None Available
Warranty Deed $350,000 --
Special Warranty Deed $231,830 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 Unknown
Previous Owner $80,000 Stand Alone Second
Previous Owner $332,500 Fannie Mae Freddie Mac
Previous Owner $185,400 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2025 03/17/25 Sold $480,000 -7.7% $539 / Sq Ft
02/11/2025 02/11/25 Price Changed $520,000 -1.3% $584 / Sq Ft
12/03/2024 12/03/24 Price Changed $527,000 -0.9% $592 / Sq Ft
11/04/2024 11/04/24 For Sale $532,000 +10.8% $598 / Sq Ft
10/02/2024 10/02/24 Off Market $480,000 -- --
05/29/2024 05/29/24 Price Changed $532,000 -1.3% $598 / Sq Ft
05/13/2024 05/13/24 For Sale $539,000 +12.3% $606 / Sq Ft
05/05/2024 05/05/24 Off Market $480,000 -- --
03/27/2024 03/27/24 Price Changed $539,000 -1.1% $606 / Sq Ft
01/26/2024 01/26/24 For Sale $545,000 -- $612 / 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 $6,618 $346,060 -- --
2023 $6,347 $314,600 $0 $0
2022 $5,636 $286,000 $0 $0
2021 $4,936 $260,000 $0 $260,000
2020 $4,755 $250,000 $0 $250,000
2019 $4,889 $250,000 $0 $250,000
2018 $4,672 $250,000 $0 $250,000
2017 $4,554 $240,000 $0 $0
2016 $4,462 $230,000 $0 $0
2015 $4,542 $225,500 $0 $0
2014 $4,166 $205,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10954035

BeachesMLS

APN: 06-43-47-29-56-008-8370