16 Royal Palm Way #205 · Boca Raton, FL
Flood risk 10/10 · Severe
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.99%
- Est. flood insurance / yr
- $1,737 – $8,500
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 27 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +12.8/15.0
- Schools +5.7/10.0
- Cash flow +5.0/30.0
- 1% rule +4.5/10.0
- Livability +3.9/5.0
- Condition / age +3.8/5.0
- Rent growth +3.6/5.0
- DSCR +0.0/10.0
- Appreciation +0.0/10.0
$330,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
LOCATION! EAST BOCA RATON 2/2 CONDO, CLOSE TO BEACHES, PRICED TO SELL. RENOVATED AND MAINTAINED WATERFRONT CONDO ON 2nd FLOOR. OVER ONE HUNDRED THOUSAND PAID BY LANDLORD FOR RENOVATION OUTSIDE AND INSIDE. DOCKS AVAILABLE CK W/HOA, CAN BE RENTED RIGHT AWAY. INTERIOR FEATURES INCLUDES WASHER & DRYER INSIDE UNIT, BEAUTIFUL PLANK PORCELAIN FLOORS, A PRIVATE LOCKED LARGE STORAGE UNIT IN BLDG. TWO PRIMARY BEDROOMS EACH WITH A PRIVATE BATHROOM, SS APPLIANCES, KITCHEN GRANITE COUNTERTOPS, LOTS OF CLOSET SPACE, ACCESS TO 5 POOLS, SAUNAS, BLDG HAS 3 FLOORS ONLY W/ ELEVATOR. IN A 24 HR GUARDED AT GATED COMMUNITY. ESP PETS WITH DOCS ALLOWED. NO RENTAL RESTRICTIONS. ALL AGES COMMUNITY. HOA FEES INCLUDES WATER, CABLE W/HBO. SORRY, NO PICKUP TRUCKS. TENANT OCCUPIED W/LEASE. TO CLOSE AFTER DEC 20,2023. WHAT IS INCLUDED IN THE MONTHLY MAINTENANCE FEE:COMCAST CABLE WITH HBO CHANNEL, WATER AND SEWER, LANDSCAPE, LAWN, AND SHRUB CARE, JANITORIAL SERVICES FOR BUILDINGS, SECURITY GUARD MANNING THE GATE 24 HOURS 7 DAYS PER WEEK. HOA HAS RESERVE. FUNDS.IT COST $35 PER TRANSPONDER.
Key facts
- Gated community
- Waterfront living
- Granite countertops
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $330k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
- To cash-flow at today's rent, offer at most $156k (52.7% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $314k (4.9% below list).
- Recommended offer: $156k (52.7% below list) — sets the bar for cash-flow.
Location & tenants
- Location reads 77/100 on livability (#192 in FL, #3,070 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, health & safety A+, crime B+; Watch: amenities D, cost of living F.
- Palm Beach (suburban): math 46% / reading 53% proficiency, ranked #34 of 73 in FL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Boca Raton Elementary School (math 47% / reading 52%, grade D, #1,088 of 2,144 statewide, top 53%, 365 students, 62% FRL); Boca Raton Community Middle School (math 59% / reading 61%, grade B, #135 of 571 statewide, top 24%, 1,225 students, 41% FRL); West Boca Raton High School (math 55% / reading 70%, grade B-, #93 of 667 statewide, top 14%, 2,271 students, 28% FRL).
- Market conditions: Rents rising fast (+4.6%/yr); 638 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 66d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
- This rent runs 35% of the median local income ($107k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
- Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 97 days — a 9% lower offer ($300k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 9y ago; this cycle's ask has dropped $25k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: flood insurance adds $427/mo; HOA is 31% of rent.
- Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 97 days. Have you received any prior offers? Is the seller open to a 53% concession, seller financing, or rate buy-down credit?
- Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 0.95% ✗
- Cap rate
- 3.48%
- Cash-on-cash
- -10.06%
- DSCR
- 0.55
- GRM
- 8.8
CMA / ARV
- ARV (median comp)
- $373,691
- List price
- $330,000
- Delta
- -11.69%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2851 S Ocean Blvd Unit T-2 | 1.11mi | 1/1.5 (-1) | 1,086 (-1%) | 1mo | $270,000 | $249 | 56 |
| 2501 S Ocean Blvd #3010 | 1.12mi | 2/2.0 | 993 (-9%) | 1mo | $315,000 | $317 | 49 |
| 2613 SW Natura Ave | 1.48mi | 2/2.0 | 1,216 (+11%) | 1mo | $289,900 | $238 | 46 |
| 1629 Riverview Rd #818 | 1.00mi | 2/2.0 | 1,233 (+13%) | 1mo | $415,000 | $337 | 43 |
| 2000 S Ocean Blvd Unit 10h | 1.20mi | 2/2.0 | 1,236 (+13%) | 1mo | $880,000 | $712 | 43 |
| 105 NE 19th Ave #164 | 1.15mi | 2/2.0 | 941 (-14%) | 1mo | $420,000 | $446 | 41 |
| 1180 S Ocean Blvd Unit 5c | 1.34mi | 2/2.0 | 1,300 (+19%) | 1mo | $530,000 | $408 | 39 |
| 1180 S Ocean Blvd Unit 14d | 1.34mi | 2/2.0 | 1,300 (+19%) | 1mo | $625,000 | $481 | 39 |
| 824 SE 4th Ct | 1.05mi | 2/2.5 | 1,361 (+24%) | 1mo | $405,000 | $298 | 37 |
| 430 SE 2nd Ave #21 | 1.10mi | 2/1.0 | 840 (-23%) | 0mo | $149,900 | $178 | 36 |
| 600 SE 2nd Ave Unit K22 | 1.21mi | 2/1.0 | 840 (-23%) | 0mo | $143,000 | $170 | 36 |
| 760 SE 2nd Ave Unit G204 | 1.37mi | 1/1.5 (-1) | 840 (-23%) | 0mo | $147,000 | $175 | 33 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 4.56% rent growth · sell at horizon
- IRR
- -42.4%
- Equity multiple
- -0.34×
- Total profit
- $-124,071
- Equity at exit
- $49,204
- IRR
- -48.8%
- Equity multiple
- -0.97×
- Total profit
- $-181,670
- Equity at exit
- $28,532
Cash invested: $92,400 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Florida
- 87 Strongly Landlord-Friendly · R+3
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 3 active · 6 under contract
- Median asking
- $350,000 ($324/sqft)
- Median days on market
- 58 d
- This list price
- 33% of active listings are priced below it
- ARV vs active asking
- +5.4% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33432
- Rents YoY
- 4.6%
- Active inventory
- 638
- Price-to-rent
- 8.8×
Monthly cashflow live
- Estimated rent
- $3,139 high interval (Pro) →
- Mortgage (P&I)
- −$1,731
- Tax est. 1.5%
- −$412 /mo · $4,950/yr
- Insurance
- −$138
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$974
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$659
- Net cashflow
- $-1,201
Break-even live
Sensitivity live
| Price | -10% $-973 | -5% $-1,087 | +0% $-1,201 | +5% $-1,315 | +10% $-1,429 |
|---|---|---|---|---|---|
| Rent | -10% $-1,449 | -5% $-1,325 | +0% $-1,201 | +5% $-1,077 | +10% $-953 |
| Rate | -1.0pp $-1,035 | -0.5pp $-1,117 | base $-1,201 | +0.5pp $-1,287 | +1.0pp $-1,374 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $82,500
- Closing costs
- $9,900
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 9 Royal Palm Way #3060 Boca Raton, FL | 2.0 | 2.0 | 1130 | $2,600 | $2.30 | 6d | 1 | 0.01mi |
| 9 Royal Palm Way Boca Raton, FL | 2.0 | 2.0 | 1112 | $3,095 | $2.78 | 108d | 3 | 0.02mi |
| 6 Royal Palm Way Boca Raton, FL | 1.0–2.0 | 1.0–2.0 | 962 | $2,800 | $2.91 | 6d | 2 | 0.02mi |
| 9 Royal Palm Way #403 Boca Raton, FL | 2.0 | 2.0 | 1095 | $2,450 | $2.24 | 29d | 1 | 0.02mi |
| 6 Royal Palm Way Boca Raton, FL | 2.0 | 2.0 | 1130 | $3,750 | $3.32 | 120d | 2 | 0.02mi |
| 3 Royal Palm Way Boca Raton, FL | 2.0 | 1.0 | 1010 | $2,350 | $2.33 | 0d | 2 | 0.02mi |
| 3 Royal Palm Way Boca Raton, FL | 2.0 | 1.0 | 1010 | $2,275 | $2.25 | 0d | 2 | 0.02mi |
| 21 Royal Palm Way Unit 201 Boca Raton, FL | 2.0 | 2.0 | 1200 | $2,400 | $2.00 | 3d | 1 | 0.02mi |
| 10 Royal Palm Way #2030 Boca Raton, FL | 1.0 | 1.0 | 795 | $2,150 | $2.70 | 120d | 1 | 0.03mi |
| 11 Royal Palm Way #3030 Boca Raton, FL | 1.0 | 1.0 | 795 | $2,600 | $3.27 | 100d | 1 | 0.03mi |
| 11 Royal Palm Way #1040 Boca Raton, FL | 2.0 | 2.0 | 1095 | $2,600 | $2.37 | 103d | 1 | 0.03mi |
| 11 Royal Palm Way #1040 Boca Raton, FL | 2.0 | 2.0 | 1095 | $2,600 | $2.37 | 29d | 1 | 0.03mi |
| 12 Royal Palm Way #6060 Boca Raton, FL | 2.0 | 2.0 | 1130 | $2,600 | $2.30 | 110d | 1 | 0.04mi |
| 12 Royal Palm Way #2050 Boca Raton, FL | 2.0 | 2.0 | 1095 | $2,900 | $2.65 | 85d | 1 | 0.04mi |
| 13 Royal Palm Way #5050 Boca Raton, FL | 2.0 | 2.0 | 1095 | $4,000 | $3.65 | 19d | 1 | 0.06mi |
| 8 Royal Palm Way Unit 107 Boca Raton, FL | 2.0 | 2.0 | 1130 | $5,500 | $4.87 | 120d | 1 | 0.06mi |
| 14 Royal Palm Way #5050 Boca Raton, FL | 2.0 | 2.0 | 1095 | $2,300 | $2.10 | 5d | 1 | 0.07mi |
| 4 Royal Palm Way #3040 Boca Raton, FL | 3.0 | 2.0 | 1010 | $6,000 | $5.94 | 120d | 1 | 0.08mi |
| 4 Royal Palm Way #6020 Boca Raton, FL | 2.0 | 1.0 | 1010 | $2,300 | $2.28 | 101d | 1 | 0.08mi |
| 4 Royal Palm Way #3020 Boca Raton, FL | 2.0 | 1.0 | 1010 | $5,000 | $4.95 | 20d | 1 | 0.08mi |
| 6 Royal Palm Way #111 Boca Raton, FL | 2.0 | 2.0 | 1130 | $2,800 | $2.48 | 2d | 1 | 0.09mi |
| 7 Royal Palm Way #4080 Boca Raton, FL | 2.0 | 2.0 | 1130 | $2,395 | $2.12 | 120d | 1 | 0.10mi |
| 6 Royal Palm Way #202 Boca Raton, FL | 2.0 | 2.0 | 1130 | $5,000 | $4.42 | 116d | 1 | 0.10mi |
| 17 Royal Palm Way #103 Boca Raton, FL | 2.0 | 2.0 | 1095 | $2,500 | $2.28 | 120d | 1 | 0.11mi |
| 2 Royal Palm Way #101 Boca Raton, FL | 2.0 | 2.0 | 1130 | $5,500 | $4.87 | 37d | 1 | 0.14mi |
| 1 Royal Palm Way #201 Boca Raton, FL | 2.0 | 2.0 | 1130 | $2,600 | $2.30 | 11d | 1 | 0.16mi |
| 20 Royal Palm Way #6010 Boca Raton, FL | 2.0 | 2.0 | 1130 | $2,600 | $2.30 | 120d | 1 | 0.18mi |
| 20 Royal Palm Way #2060 Boca Raton, FL | 2.0 | 2.0 | 1130 | $2,600 | $2.30 | 51d | 1 | 0.18mi |
| 20 Royal Palm Way #3020 Boca Raton, FL | 2.0 | 2.0 | 1130 | $3,200 | $2.83 | 30d | 1 | 0.18mi |
| 27 Royal Palm Way #503 Boca Raton, FL | 2.0 | 2.0 | 1081 | $2,450 | $2.27 | 59d | 1 | 0.20mi |
| 27 Royal Palm Way #503 Boca Raton, FL | 2.0 | 2.0 | 1081 | $2,450 | $2.27 | 41d | 1 | 0.20mi |
| 21 Royal Palm Way #1050 Boca Raton, FL | 2.0 | 2.0 | 1095 | $3,000 | $2.74 | 20d | 1 | 0.21mi |
| 21 Royal Palm Way #1050 Boca Raton, FL | 2.0 | 2.0 | 1095 | $2,800 | $2.56 | 11d | 1 | 0.21mi |
| 21 Royal Palm Way #3030 Boca Raton, FL | 2.0 | 2.0 | 1095 | $4,000 | $3.65 | 120d | 1 | 0.21mi |
| 14 Royal Palm Way #601 Boca Raton, FL | 2.0 | 2.0 | 1130 | $2,650 | $2.35 | 74d | 1 | 0.21mi |
| 14 Royal Palm Way Boca Raton, FL | 2.0 | 2.0 | 1112 | $3,950 | $3.55 | 65d | 2 | 0.21mi |
| 14 Royal Palm Way Boca Raton, FL | 1.0–2.0 | 1.0–2.0 | 962 | $5,250 | $5.45 | 94d | 3 | 0.21mi |
| 14 Royal Palm Way #303 Boca Raton, FL | 2.0 | 2.0 | 1095 | $5,250 | $4.79 | 40d | 1 | 0.21mi |
| 14 Royal Palm Way #303 Boca Raton, FL | 2.0 | 2.0 | 1095 | $5,250 | $4.79 | 120d | 1 | 0.21mi |
| 26 Royal Palm Way #302 Boca Raton, FL | 2.0 | 2.0 | 1117 | $2,500 | $2.24 | 83d | 1 | 0.21mi |
Property features AI
Finance
- Other
- Pets allowed (restrictions possible)
- HOA & community
- Monthly association fee of $974Association amenities include pool and other community servicesHOA fee covers cable TV, insurance, security, common areas, hot water, reserve funds, roof repairs, and pool service
Exterior
- Parking
- One parking spaceNo carport
- Security
- Association-provided security
- Utilities
- Public waterPublic sewerCable availableElectricity available
- Home design
- CondominiumOne levelFaces westThree-story building
- Construction
- Concrete block (no stucco)Tile roofResale condition
- Exterior features
- Waterfront propertyCommunity pool
Interior
- Kitchen
- MicrowaveDishwasherElectric range
- Bedrooms
- Two main-level bedrooms
- Flooring
- Tile
- Bathrooms
- Two full bathrooms (main level)
- Heating & cooling
- Central heatingCentral air conditioning
- Interior features
- Split bedroom layoutMicrowaveDishwasherElectric range
- Laundry & utility
- Laundry closet
HOA detail $974/mo · $11,688/yr condo
- Likely covers
- watersewercablepoolsecurity
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-16days on market $330,000 Active 97 DOM
-
2026-09-15days on market $330,000 Active 96 DOM
-
2026-09-13days on market $330,000 Active 94 DOM
-
2026-09-12days on market $330,000 Active 93 DOM
-
2026-09-11days on market $330,000 Active 92 DOM
-
2026-09-05days on market $330,000 Active 86 DOM
-
2026-09-04days on market $330,000 Active 85 DOM
-
2026-09-03days on market $330,000 Active 84 DOM
-
2026-08-31days on market $330,000 Active 81 DOM
-
2026-08-29days on market $330,000 Active 79 DOM
-
2026-08-28days on market $330,000 Active 78 DOM
-
2026-08-27days on market $330,000 Active 77 DOM
-
2026-08-25days on market $330,000 Active 75 DOM
-
2026-08-24days on market $330,000 Active 74 DOM
-
2026-08-23days on market $330,000 Active 73 DOM
-
2026-08-22days on market $330,000 Active 72 DOM
-
2026-08-21days on market $330,000 Active 71 DOM
-
2026-08-20days on market $330,000 Active 70 DOM
-
2026-08-19days on market $330,000 Active 69 DOM
-
2026-08-18days on market $330,000 Active 68 DOM
-
2026-08-17days on market $330,000 Active 67 DOM
-
2026-08-16days on market $330,000 Active 66 DOM
-
2026-08-15days on market $330,000 Active 65 DOM
-
2026-08-14days on market $330,000 Active 64 DOM
-
2026-08-13pricedays on market $330,000 Active 63 DOM
-
2026-08-12days on market $350,000 Active 62 DOM
-
2026-08-11days on market $350,000 Active 61 DOM
-
2026-08-10days on market $350,000 Active 60 DOM
-
2026-08-09days on market $350,000 Active 59 DOM
-
2026-08-08days on market $350,000 Active 58 DOM
-
2026-08-06days on market $350,000 Active 56 DOM
-
2026-08-05days on market $350,000 Active 55 DOM
-
2026-08-03days on market $350,000 Active 53 DOM
-
2026-07-31days on market $350,000 Active 50 DOM
-
2026-07-26days on market $350,000 Active 45 DOM
-
2026-07-24days on market $350,000 Active 43 DOM
-
2026-07-23days on market $350,000 Active 42 DOM
-
2026-07-22days on market $350,000 Active 41 DOM
-
2026-07-21days on market $350,000 Active 40 DOM
-
2026-07-20days on market $350,000 Active 39 DOM
-
2026-07-18days on market $350,000 Active 37 DOM
-
2026-07-18days on market $350,000 Active 36 DOM
-
2026-07-16days on market $350,000 Active 35 DOM
-
2026-07-15days on market $350,000 Active 34 DOM
-
2026-07-14days on market $350,000 Active 33 DOM
-
2026-07-13days on market $350,000 Active 32 DOM
-
2026-07-13days on market $350,000 Active 31 DOM
-
2026-07-11days on market $350,000 Active 30 DOM
-
2026-07-10days on market $350,000 Active 29 DOM
-
2026-07-09days on market $350,000 Active 28 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $37,669
- − Mortgage interest
- −$18,485
- − Property taxes
- −$4,950
- − Insurance
- −$6,769
- − Repairs & maintenance
- −$3,013
- − Management
- −$3,013
- − HOA
- −$11,688
- − Depreciation
- −$9,600
- Taxable loss
- −$19,850
- Est. tax savings @ 24.0%
- +$4,764
- After-tax cash flow
- $-9,651/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 12 photos
This well-maintained and updated 2-bedroom, 2-bathroom condo in Boca Bayou offers a luxurious South Florida lifestyle with waterfront access and resort-style amenities.
Value-add opportunities
- Both painting interior walls — enhances curb appeal and interior aesthetics ↑
- Both upgrading flooring — improves aesthetics and durability ↑
- Both upgrading appliances — attracts more buyers and renters ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Palm Beach
- NCES district ID
- 1201500
- Math proficiency
- 46% ▼ -16.00%
- Reading proficiency
- 53% ▼ -4.00%
- Median HH income
- $53,943
- Composite
- 42.72/100
- National rank
- #3160
- State rank
- #34 of 73 in FL
Livability — Boca Raton
- Score
- 77/100
- State rank
- #192
- US rank
- #3070
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Boca Raton, FL
- County
- Palm Beach County · 1,637,487 people
- City population
- 250,102
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 21,834
- Household income
- $107,045
- Rent vs Own
- Severe rent burden
- 15% of renters
Population outlook (Palm Beach County) Hauer SSP2
- Today (2025)
- 1,637,487 people
- By 2030
- 1,743,255 · +6.5%
- By 2040
- 1,948,712 · +19.0%
- By 2050
- 2,132,979 · +30.3%
- By 2075
- 2,530,027 · +54.5%
- By 2100
- 2,706,979 · +65.3%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (72%)
- Race & ethnicity
- White 72% Hispanic / Latino 18% Two or more races 13% Black 4% Asian 2%
- Hispanic origin (detail)
- Mexican 3% Puerto Rican 5% Cuban 3%
- Common ancestry
- Scotch-Irish 4% Subsaharan African 4% Romanian 4%
- Foreign-born
- 20% · Canada, Jamaica, China
- Languages at home
- 77% English-only · Spanish 13% Other Indo-European 3% French/Haitian/Cajun 2%
Political lean MEDSL · Palm Beach
- 2024 margin
- Toss-up / Even · D 50.0% · R 49.2%
- 2008→2024 swing
- -22.1pp toward R · 2008: 22.9pp · 2024: 0.8pp
- All cycles
- 2024: D+0.8 2020: D+12.8 2016: D+15.3 2012: D+17.0 2008: D+22.9
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -565.03%
- Current HPI
- 391.7799
- Rent YoY
- ▲ 4.56%
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- State GDP YoY
- ▲ 3.28%
- F500 in state
- 36
Industry mix (Fortune 500 HQ in FL)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Industrial Technology | 2 | $29B |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+98.4% since first listed17 events — show timeline
- 2026-06-11 Listed $355,000 Beaches MLS
- 2026-06-01 Listing Removed — MARMLS
- 2026-05-18 Price Changed $365,000 MARMLS
- 2026-04-13 Listed $375,000 MARMLS
- 2023-12-21 Sold (MLS) $355,000 Beaches MLS
- 2023-09-18 Listed $369,900 Beaches MLS
- 2020-05-31 Listing Removed — Beaches MLS
- 2019-10-07 Listed $239,900 Beaches MLS
- 2019-10-06 Listing Removed — Beaches MLS
- 2019-08-20 Listed $247,000 Beaches MLS
- 2017-09-25 Sold (MLS) $140,000 Beaches MLS
- 2017-08-13 Contingent — Beaches MLS
- 2017-07-26 Price Changed $159,000 Beaches MLS
- 2017-06-21 Price Changed $169,900 Beaches MLS
- 2017-06-21 Price Changed $169,000 Beaches MLS
- 2017-05-23 Price Changed $173,900 Beaches MLS
- 2017-03-17 Listed $178,900 Beaches MLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…