NOT LISTED FOR SALE

Chalfonte Condos (South Tower) 550 S Ocean Blvd Unit 508 Boca Raton, FL 33432

Estimated Value: $1,832,000 - $2,259,000

2 Beds
2 Baths
1,614 Sq Ft
$1,569/mo HOA Fee

Last Sold July 02, 2024

Last sale price $2,125,000 $1,317 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $14,664/month

70 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Clubhouse
  • Boca Raton Community Middle School Rated A-
  • Fitness Center
  • Community Pool

About This Home

As of July 2024

Luxury living in this southeast corner residence, boasting expansive terrace with mesmerizing views of the ocean and Lake Boca from every room. Elegantly renovated in 2022, this home shines with an open kitchen design, sleek porcelain flooring throughout, and contemporary bathrooms, all finished with exquisite attention to detail. The building enriches your living experience with private beach access, ocean-side pools, inviting hot tubs, outdoor barbecues, cutting-edge fitness centers, and two tennis courts, among a plethora of other amenities. Nestled just minutes away from the vibrant Mizner Park and Royal Palm Plaza, its location is unparalleled. A mere 35-minute drive connects you to either Palm Beach or Fort Lauderdale airports.

Last Agent to Sell the Property

Ana Londono

Lang Realty/BR License #3053100 Listed on: 03/14/2024

Lang Realty/BR

Last Buyer's Agent

Ana Londono

Lang Realty/BR License #3053100 Listed on: 03/14/2024

Lang Realty/BR

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $31,009

Year Built

  • Built in 1974

Lot Details

HOA Fees

  • $1,569 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Guest Parking
  • Assigned Parking

Property Views

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,614 Sq Ft Home
  • Furnished or left unfurnished upon request
  • Blinds
  • Casement Windows
  • Entrance Foyer
  • Formal Dining Room
  • Ceramic Tile Flooring
  • Closed Circuit Camera
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Patio

Utilities

  • Central Heating and Cooling System
  • Reverse Cycle Heating System
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06434728080010508

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, ground maintenance, maintenance structure, parking, pest control, pool(s), reserve fund, roof, security, trash, water, internet
  • 378 Units
  • High-Rise Condominium
  • Chalfonte Condo Subdivision
  • 23-Story Property

Amenities

  • Doorman
  • Billiard Room
  • Business Center
  • Community Library
  • Laundry Facilities
  • Elevator
  • Bike Room
  • Community Storage Space
  • Community Wi-Fi

Recreation

  • Community Spa
  • Putting Green
  • Park

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$31,009

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,569 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: A1A between Palmetto Park and Camino Real on Ocean side
  • Year Built: 1974
  • Architectural Style: High Rise
  • Entry Level: 5
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, Entrance Foyer, Split Bedrooms, Tub Shower, Walk-In Closet(s)
  • Furnished: Negotiable
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1614.0
  • Stories: 23
  • Window Features: Blinds, Casement Window(s), Impact Glass

Exterior Features

  • Exterior Features: Patio
  • View: Intercoastal, Ocean, Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: No Fixed Bridges, Ocean Access, Ocean Front
  • Waterfront: Yes
  • Disclosures: Foreign Seller, Seller Disclosure
  • 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, Covered, Garage, Guest

Utilities

  • Laundry Features: Common Area
  • Security: Closed Circuit Camera(s), Door Man, Security Guard
  • Cooling: Central Air, Electric, Reverse Cycle
  • 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: 1569.0
  • Community Features: Internet Access, Non-Gated, Park, Pickleball, Property Manager On-Site, Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Billiard Room, Bike Storage, Business Center, Clubhouse, Fitness Center, Laundry, Library, Management, Pickleball, Pool, Putting Green(s), Spa/Hot Tub, Storage, Tennis Court(s), Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pool(s), Reserve Fund, Roof, Security, Trash, Water, Internet

Lot Info

  • Parcel #: 06434728080010508
  • Zoning Description: R5A(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 31009.0

Multi Family

  • Number Of Units In Community: 378

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Jul 2, 2024
Sold by
Amodei Joseph and Amodei Donna
Bought by
Chung Edward H and Chung Renay
Seller's Agent
Ana Londono
Lang Realty/BR
Buyer's Agent
Ana Londono
Lang Realty/BR
List Price
$2,500,000
Sold Price
$2,125,000
Premium/Discount to List
-$375,000
-15%
Views
37
Current Estimated Value
$2,029,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$95,362
Avg. Annual Appreciation
-3.69%

Purchase Details

Closed on
Jul 22, 2022
Sold by
Gl Pblf Llc
Bought by
Amodei Joseph and Amodei Donna

Purchase Details

Closed on
Dec 18, 2020
Sold by
Sansone Joan P and Sansone Daniel Martin
Bought by
Gl Pblf Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2003
Sold by
Sansone Joan P
Bought by
Sansone Daniel Martin
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
Chung Edward H $2,125,000 Patch Reef Title
Chung Edward H $2,125,000 Patch Reef Title
Amodei Joseph $2,000,000 First International Title
Gl Pblf Llc $815,000 First International Ttl Inc
Sansone Daniel Martin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gl Pblf Llc $570,000
Previous Owner Sansone Joan P $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2024 07/02/24 Sold $2,125,000 -15.0% $1,317 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $2,500,000 -- $1,549 / 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 $28,520 $1,661,000 -- --
2023 $31,009 $1,792,035 $0 $1,792,035
2022 $17,121 $852,500 $0 $0
2021 $14,235 $775,000 $0 $775,000
2020 $5,394 $326,221 $0 $0
2019 $5,410 $318,887 $0 $0
2018 $5,057 $312,941 $0 $0
2017 $5,012 $306,504 $0 $0
2016 $5,004 $300,200 $0 $0
2015 $5,120 $298,113 $0 $0
2014 $5,138 $295,747 $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

    115 Total Sales

    Ana Londono
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About Chalfonte Condos (South Tower)

Map

Source: BeachesMLS

MLS Number: R10968834

BeachesMLS

APN: 06-43-47-28-08-001-0508

Florida Palm Beach County Boca Raton 33432

550 S Ocean Blvd Unit 508, Boca Raton, FL

This home is located at 550 S Ocean Blvd Unit 508, Boca Raton, FL 33432 since 14 March 2024 and is currently estimated at $2,029,638, approximately $1,257 per square foot. This property was built in 1974. 550 S Ocean Blvd Unit 508 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 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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