1 Royal Palm Way, #101, Boca Raton, FL, 33432 | $575,000

Completely renovated and never lived in, this spectacular first-floor corner waterfront residence offers the ultimate in resort-style living. Everything inside is brand new, featuring a designer kitchen with modern cabinetry, premium finishes, new appliances, new bathrooms, stylish flooring, and a bright open-concept layout. A full-size washer and dryer are conveniently located inside the unit for added convenience. No expense was spared in the remodeling and construction. This home is further enhanced with complete impact windows and doors, providing peace of mind, energy efficiency, and storm protection. Step outside your back door to a boat dock and enjoy the tranquil waterfront setting with direct access just steps from your patio. Bring your boat—there is direct ocean access in approximately twenty minutes. Whether you're relaxing at home or entertaining guests, this property delivers the quintessential South Florida waterfront lifestyle. The community offers outstanding resort-style amenities, including five swimming pools, a weight room and sauna, pickleball courts, a putting green, a new active clubhouse being built, and beautifully landscaped grounds. Residents also enjoy 24-hour manned roving security, providing added comfort and peace of mind. The maintenance fee includes water, hot water, waste removal, landscaping, cable, and internet, as well as a manned security gate, allowing for truly worry-free living. Ideally located in Boca Raton, this exceptional home is just minutes from beautiful beaches, shopping, dining, and entertainment. Fort Lauderdale-Hollywood International Airport is approximately 20 minutes away, with Palm Beach International Airport about 25 minutes to the north, making travel exceptionally convenient. Whether you're seeking a full-time residence or a seasonal retreat, this turnkey waterfront gem is ready for you to move in and enjoy.

Features

  • Parking: Assigned
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Levels: 3
  • Amenities: Boating, Clubhouse, Car Wash Area, Elevator(s), Fitness Center, Management, Pool, Sauna, Shuffleboard Court, Storage, Tennis Court(s), Manager On Site, Bike Storage, Pickleball Court(s), Putting Green
  • Rooms: 3
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Laundry Closet, Inside, Washer Hookup
  • Complex: BOCA BAYOU CONDO
  • Year Built: 1977
  • Common Charge: $1,075 Monthly
  • Approx Sq. Feet: 1,128
  • Est. Taxes: $5,540
  • View: Intracoastal
  • Water Front: Yes
  • Elem. School: Boca Raton
  • Middle School: Boca Raton Community
  • High School: Boca Raton
  • Pet Policy: No
  • Appliances: Electric Water Heater, Disposal, Dishwasher, Electric Range, Microwave, Refrigerator, Water Heater, Range
  • MLS#: B26040358
  • Website: https://www.raveis.com
    /raveis/B26040358/1royalpalmway_bocaraton_fl?source=qrflyer
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William Raveis Family of Services

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Dom BelmonteBroker Associate

561.503.6402

Dom.Belmonte@raveis.com

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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Our Insurance Division:

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1 Royal Palm Way, #101, Boca Raton, FL, 33432

$575,000

Dom Belmonte

Broker Associate

William Raveis Real Estate

Phone: 561.503.6402

Dom.Belmonte@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 $460,000 $460,000 $460,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.424% 6.640% 5.952%
Monthly Tax Payment $462 $462 $462
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,795 $2,904 $3,820
Total Monthly Payment $3,349 $3,458 $4,374

* 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.