1500 S Ocean Boulevard, #1505, Boca Raton, FL, 33432 | $4,850,000

Welcome to Residence 1505-S at Addison on the Ocean, one of Boca Raton's most prestigious oceanfront addresses. This exceptional lower penthouse residence encompasses 2, 792 square feet of meticulously redesigned living space and underwent an extensive designer renovation in 2023, blending timeless elegance with modern sophistication while showcasing breathtaking direct East Ocean views and spectacular sunset vistas from its western terraces. Spanning a desirable flow-through floor plan, this impeccably appointed residence offers three spacious bedrooms, each with its own en-suite bathroom, plus a beautifully redesigned powder room. Arrive via a semi-private elevator foyer, where a custom handmade medallion immediately sets the tone for the exceptional craftsmanship and attention to detail found throughout the home. Designed by Clive Daniel Home, the interiors feature new flooring throughout, dramatic wraparound ceiling lighting in the living room, dining room, and kitchen, and thoughtfully curated finishes that create a refined yet comfortable coastal ambiance. Crafted for the discerning chef, the gourmet kitchen pairs striking Cambria Quartz countertops with an exceptional suite of Wolf appliances, a Sub-Zero refrigerator and freezer, and a built-in Miele coffee system, creating a refined space where form and function coexist effortlessly. Floor-to-ceiling glass frames unobstructed ocean views, filling the residence with natural light and seamlessly connecting indoor and outdoor living spaces. The expansive eastern terrace provides the perfect setting to enjoy sunrise views over the Atlantic, while western balconies offer stunning sunset panoramas over the city skyline and Intracoastal. Residents of Addison on the Ocean enjoy an unmatched resort-style lifestyle with full-service beach and pool attendants, two heated oceanfront swimming pools, an oceanfront restaurant and bar, on-site café, state-of-the-art fitness center, residents' lounge and game room, and exceptional white-glove service. The community is further enhanced by a manned gated entrance, 24-hour security, and two dedicated garage parking spaces. Positioned along Boca Raton's coveted coastline, Residence 1505-S represents a rare opportunity to own a fully renovated, move-in-ready lower penthouse in one of South Florida's most exclusive beachfront communities.

Features

  • Parking: Assigned, Detached Carport, Guest, Valet, Garage, Carport, Detached Garage
  • Heating: Central
  • Cooling: Central Air
  • Levels: 16
  • Amenities: Billiard Room, Elevator(s), Fitness Center, Game Room, Management, Picnic Area, Parking, Pool, Sauna, Spa/Hot Tub, Storage, Manager On Site, Trash Chute, Bike Storage, Business Center, Cafe/Restaurant, Community Room, Heated Pool, Library, Sidewalks, Gated, Security, Recreation Facilities
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Inside, Laundry Room
  • Complex: Addison
  • Development: Addison On The Ocean
  • Year Built: 1986
  • Common Charge: $4,392 Monthly
  • Approx Sq. Feet: 2,792
  • Est. Taxes: $34,255
  • View: City, Water, Ocean
  • Water Front: Yes
  • Elem. School: Boca Raton
  • Middle School: Boca Raton Community
  • High School: Boca Raton
  • Pet Policy: Yes, Breed Restrictions, Number Limit, Size Limit
  • Appliances: Dryer, Disposal, Dishwasher, Microwave, Oven, Refrigerator, Washer, Freezer, Wine Refrigerator
  • MLS#: B26044146
  • Website: https://www.raveis.com
    /prop/B26044146/1500soceanboulevard_bocaraton_fl?source=qrflyer
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William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Pedro CalcanoSales Associate

781.588.2169

Pedro.Calcano@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 38342

978.314.1072

Joanne.OKeefe@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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978-337-3053

Paul.Berrios@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1500 S Ocean Boulevard, #1505, Boca Raton, FL, 33432

$4,850,000

Pedro Calcano

Sales Associate

William Raveis Real Estate

Phone: 781.588.2169

Pedro.Calcano@raveis.com

Joanne O'Keefe

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.314.1072

Joanne.OKeefe@raveis.com

NMLS Mortgage Loan Originator ID 38342

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,880,000 $3,880,000 $3,880,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.218% 6.133% 6.183%
Monthly Tax Payment $2,855 $2,855 $2,855
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $22,952 $23,263 $32,742
Total Monthly Payment $25,932 $26,243 $35,722

* 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.