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485 Royal Palm Way, Boca Raton, FL, 33432

$8,500,000

5 Bedrooms
5 Full Baths, 3 Partial
6,148 SqFt
$1,383/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
Year Built1965
HeatingCentral
CoolingCentral Air
WaterfrontNone
Private PoolYes
MLS #RX-10969124
StatusActive

About 485 Royal Palm Way

Once in a lifetime lot, almost a half acre on the golf course in Royal Palm Yacht and Country Club 180 ft of frontage Very private yet long range magnificent views. Build your dream home on the best golf course lot in Royal PalmExisting structure scheduled to be demolished.

Property Details

Property Features

Property Information:

  • Year Built: 1965
  • Stories: 2
  • Living Area: 6,148 SqFt

Listing Office:

  • Office Name: RPE Realty
  • Office Phone: (630) 452-5099
  • Listing Agent: Scott A Eckert

Interior Features

Interior Information:

  • Appliances: Automatic Garage Door Opener, Dishwasher, Dryer, Refrigerator, Washer
  • Flooring Type: Carpet, Ceramic Tile
  • Interior: Walk-in Closet

Bedroom and Bathroom Information:

  • Partial Bathrooms: 3
  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: None

Parking Information:

  • Garage Space: 2 spaces

Virtual/3D Tour

  • Virtual Tour: 485 Royal Palm Way

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,500,000
  • Price Per SqFt: $1,383/SqFt

HOA Fees:

  • Amount: $298
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $28,222
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$601K

Med. Price/SqFt

$332

Avg. Days On Market

53

# of Sold Homes

312

485 Royal Palm Way vs Boca Raton

43 DAYS ON ROCKET

-10 Days

$8,500,000

+$7.8M More

$1,383/SqFt

+$1K More

KEY TAKEAWAY

This property is $7.8M more than the Median Sold Price and $1K/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-10969124

Listing Office:

  • Office Name: RPE Realty
  • Office Phone: (630) 452-5099
  • Listing Agent: Scott A Eckert

IDXAll 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: 4/28/2024, 4:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 15, 1999Home Sold
$1,690,000

Tax History

YEARPROP. TAXASSESSMENT
2020$28,222$1,585,544
2019$28,372$1,549,896
2018$26,455$1,513,278
2017$26,312$1,482,153

History based on county public records data.

Payment Calculator

$42.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$25.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1884486
6
/10
  • Boca Raton Elementary School

  • 103 SW 1st Ave

  • 1.33 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-1884487
6
/10
  • Boca Raton Middle School

  • 1251 NW 8th St

  • 2.81 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-1884488
6
/10
  • Boca Raton Community High School

  • 1501 NW 15th Ct

  • 3.16 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $285,817. Typical income of Boca Raton, FL residents is $200k+ annually. Residents typically live in married, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 485 Royal Palm Way

What is the listing price of this property?

The listing price of 485 Royal Palm Way property is $8,500,000.

What type of property is this?

The property 485 Royal Palm Way is a house located in Boca Raton, Florida, 33432.

Is this property for sale now?

Active Listing: 485 Royal Palm Way is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 485 Royal Palm Way are:
Boca Raton Elementary School: GreatSchools Rating 6/10
Boca Raton Middle School: GreatSchools Rating 6/10
Boca Raton Community High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $28,222 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 15, 1999 for $1,690,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 485 Royal Palm Way has 5 bedrooms and 5 full and 3 half bathrooms.

What is the square footage of this property?

The property 485 Royal Palm Way is 6,148 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 485 Royal Palm Way is 1965.
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Rocket Homes›Florida›Palm Beach County›Boca Raton›33432›485 Royal Palm Way

This home is located at 485 Royal Palm Way in Boca Raton, FL and zip code 33432 in the Royal Palm Yacht & Country Club neighborhood. This 6,148 square foot home was built in 1965. Features: 5 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 15, 2024 and is currently priced at $8,500,000.

In March 2024 more than 22 listings in Boca Raton, FL were sold above the asking price. During the same period more than 33 listings were sold at asking price, while more than 257 were sold below. The number of listings in Boca Raton, FL increased by 7.4% between February 2024 and March 2024. Listings spent 53 days on the market in March 2024, and had a median list price of $601,056 during the same period.

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

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