20 Royal Palm Way Unit 505, Boca Raton, FL, 33432

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

20 Royal Palm Way Unit 505, Boca Raton$429,500

Buyer Closing Credits

$5,100^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeCondominium

ParkingAssigned, Guest, Slab Strip, Vehicle Restrictions

Year Built1980

HeatingCentral, Electric

CoolingCentral Air, Electric

WaterfrontCanal, Navigable Water, Ocean Access, Seawall

ViewCanal, Lagoon, Pool

MLS #RX-10953358

StatusActive

About 20 Royal Palm Way Unit 505

Downtown SE Boca Raton. This beautiful condo is move-in ready with endless upgrades, from brand NEW KITCHEN and appliances to the UPDATED BATHS, fixtures, IMPACT windows & NEW ELECTRIC PANEL. With rare IN UNIT Washer & Dryer. Save on your insurance, equipped w/ FIRE SPRINKLERS. Contemporary kitchen w/open concept to dining & living. Located in very desirable Phase V which offers 2 windows in kitchen and W/D inside condo. Step out onto the screened balcony and enjoy the breezes. Just steps to one of the five community pools. Assigned parking close by. Gated community, clubhouse & tennis. Minutes to the beach, Mizner Park, Royal Palm and more. CAN BE RENTED IMMEDIATELY. Assoc fee includes building insurance, water, cable w/HBO's, 24 hour manned gated security & FULL RESERVES.

View More

Property Details

Property Features

Property Information:

• Architectural Style: 4+ Floors, Contemporary
• Year Built: 1980
• Stories: 6
• Living Area: 1,095 SqFt

Listing Office:

• Office Name: RE/MAX Services
• Office Phone: (561) 912-3500
• Listing Agent: Lynn A Johnsen

Interior Features

Interior Information:

• Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
• Flooring Type: Carpet, Ceramic Tile
• Interior: Entry Lvl Lvng Area, Fire Sprinkler, Foyer, Split Bedroom

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• Private Pool: No
• Waterfront: Canal, Navigable Water, Ocean Access, Seawall
• View: Canal, Lagoon, Pool
• Exterior: Auto Sprinkler, Built-in Grill, Covered Balcony, Screened Balcony

Parking Information:

• Attached Garage: No
• Parking: Assigned, Guest, Slab Strip, Vehicle Restrictions

Lot Features

Lot Information:

• Lot: Private

Utilities

Utilities Information:

• Heating: Central, Electric
• Cooling: Central Air, Electric

School Info

Assigned Schools Information:

• Boca Raton Community High School, Public Magnet Grades 9-12
• Boca Raton Middle School, Public Magnet Grades 6-8
• Boca Raton Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

• Directions: SW 18 St/Royal Palm. Located between US 1 and Dixie Hwy. Entrance is on southside. After Guard gate go toward the right-after S curve go left toward the back of the community.

Price Information

Listing Price Info

Price Summary:

• List Price: $429,500
• Price Per SqFt: $392/SqFt

HOA Fees:

• Amount: $632
• Frequency: Monthly

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in Boca Raton, FL.

Boca Raton, FL

City

Med. Sold Price

$610.1K

Med. Price/SqFt

$335

Avg. Days On Market

65

# of Sold Homes

384

20 Royal Palm Way Unit 505 vs Boca Raton

99 DAYS ON ROCKET

+34 Days

$429,500

-$180.6K Less

$392/SqFt

+$56 More

KEY TAKEAWAY

This property is $180.6K less than the Median Sold Price and $56/SqFt more than other homes in Boca Raton, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #RX-10953358

Listing Office:

• Office Name: RE/MAX Services
• Office Phone: (561) 912-3500
• Listing Agent: Lynn A Johnsen

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2024, 3:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$2,843

Per Month

Principal & Interest

$2,144

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$632

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,354

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Florida›Palm Beach County›Boca Raton›33432›20 Royal Palm Way Unit 505

This home is located at 20 Royal Palm Way Unit 505 in Boca Raton, FL and zip code 33432. This 1,095 square foot home was built in 1980. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 24, 2024 and is currently priced at $429,500.

In April 2024, from all listings sold in Boca Raton, FL there were more than 20 sold above asking price, over 323 sold below and more than 41 were sold right at the asked price. Between March 2024 and April 2024, Boca Raton, FL real estate market has seen increase in the number of listings by 3.8%. The median list price of listings available in April 2024 was $610,164, while the average time on the real estate market was 65 days.

From Rocket Homes Real Estate and based on county public records data.