17 Royal Palm Way, #1050, Boca Raton, FL, 33432 | $500,000

Experience luxury waterfront living at Boca Bayou, a premier gated community. Set on 46 acres of beautifully landscaped grounds, Boca Bayou offers a true resort experience with 5 heated pools, tennis, pickleball, fitness centers, saunas, bocce, shuffleboard, billiards, grilling stations, a new clubhouse underway, and even car wash stations, all secured by 24-hour manned gates. Boaters enjoy private canals with direct ocean access, making this community a true paradise for waterfront living. This completely renovated first-floor unit combines modern luxury with the ease of direct water access. From your private screened-in patio, enjoy tranquil canal views framed by lush greenery and a private 26-ft dock, ready for your ocean adventures. The newly renovated dock features durable composite decking, installed just one year ago. It also includes mooring whips to help protect your boat. Inside, enjoy a sleek open-concept design featuring high-end kitchen with integrated appliances, custom cabinetry, and ample counter space with seating for guests. The spacious living and dining areas flow seamlessly to the patio, creating the perfect indoor-outdoor connection. The split bedroom floor plan ensures privacy, with the primary suite offering dual vanities, abundant storage, and a spa-style shower with body sprays. The versatile second bedroom includes a custom Murphy bed, making it ideal as a guest suite or home office. Built-in closet systems and brand-new impact windows and doors add both style and peace of mind. With assigned parking directly in front of the unit and plenty of guest parking, convenience matches comfort. All assessments are paid, 30-year concrete recertification complete, and new clubhouse renovations underway. Monthly fees cover building insurance, water, cable with HBO, and reserves. Just minutes from Boca Raton's finest beaches, Mizner Park, Royal Palm Plaza, and the vibrant downtown scene, this property captures the essence of South Florida living. Whether boating, entertaining, or simply unwinding in serene surroundings, this home is an exclusive waterfront sanctuary that won't last.

Features

  • Parking: Assigned, Guest
  • Heating: Central, Electric
  • Cooling: Central Air, Electric
  • Levels: 6
  • Amenities: Boating, Billiard Room, Clubhouse, Elevator(s), Fitness Center, Parking, Pool, Sauna, Shuffleboard Court, Storage, Tennis Court(s), Manager On Site, Bocce Ball, Community Room, Pickleball Court(s)
  • Rooms: 3
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Washer Hookup, Dryer Hookup
  • Complex: BOCA BAYOU CONDO
  • Development: Boca Bayou
  • Year Built: 1979
  • Common Charge: $736 Monthly
  • Approx Sq. Feet: 1,095
  • Est. Taxes: $4,962
  • View: Canal
  • Water Front: Yes
  • Boat Service: Private Dock
  • Elem. School: Boca Raton
  • Middle School: Boca Raton Community
  • High School: Boca Raton
  • Pet Policy: No
  • Appliances: Disposal, Dishwasher, Electric Range, Free-Standing Freezer, Microwave, Refrigerator
  • MLS#: RX-11118051
  • Website: https://www.raveis.com
    /prop/RX-11118051/17royalpalmway_bocaraton_fl?source=qrflyer
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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17 Royal Palm Way, #1050, Boca Raton, FL, 33432

$500,000

Benge Redding Team

Sales Associates

William Raveis Real Estate

Phone: 941.894.4216

BengeRedding@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $400,000 $400,000 $400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 5.990% 5.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.258% 6.168% 5.561%
Monthly Tax Payment $414 $414 $414
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,303 $2,396 $3,216
Total Monthly Payment $2,809 $2,902 $3,722

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.