2 Royal Palm 1040 Way 1040, Boca Raton, FL 33432 (MLS# R10737327)

2 Royal Palm 1040 Way 1040, Boca Raton, FL 33432

$245,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,010 Status: Closed
Current Price: $245,000 List Date: 8/10/2021 Last Modified: 9/09/2026

Overview

Description

Attention Boaters & Water Enthusiasts - 1st floor unit with a patio canal view. 2 Bedroom 1.5 Jack & Jill bath. Residents are permitted to rent available boat docks when available. Investors can rent out immediately. Boca Bayou is a waterfront condominium community located in the heart of beautiful, downtown Boca Raton, Florida. Boca Bayou has a 24-hour manned guardhouse, tennis courts, five (5) heated pools, a clubhouse, two (2) fitness centers, & boat docks. free wi-fi in the clubhouse. 4 parks w/ trails, basketball hoops, tennis, a children's park, boat and kayak launch. interactive art/play/water features, & picnic pavilions. Community is completing 40 yr concrete restoration work. Seller nego on assessment & is willing to split 50/50. Masks required-FIRPTA sale

Listing Details MLS# R10737327

General Property Information

Unit Floor #
Yes
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
Yes
Bathrooms Half
Yes
Building Area Main
1010
Building Area Source
Public Records
Living Area Main
1010
Year Built
1979
Gated Community YN
Yes
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
3
Direction Faces
North
Pool Private YN
No
Furnished
Unfurnished

Property Features

Association Fee Includes: Cable TV; Hot Water; Insurance; Maintenance Grounds; Security; Water Dining Area: Dining/Living Room Exterior Features: Tennis Court(s) Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Disposal; Electric Range; Refrigerator Construction Materials: CBS; Concrete Cooling: Ceiling Fan(s); Central Air; Electric Association Type: Condominium Fencing: Fenced Heating: Central; Electric Interior Features: Bedroom Layout - Stacked; Elevator Levels: Multi/Split Listing Terms: Cash; Conventional Membership: No Membership Available Pets Allowed YN: Yes Possession: Close Of Escrow Restrictions: Buyer Approval Required; Lease Restrictions; Limited # Vehicles; No Corporate Buyer; Parking - No Commercial Vehicles Other Leasing Restrictions: Tenant Approval Security Features: Gated with Guard; Key Card Entry; Security Patrol Sewer: Public Sewer Special Information: Foreign Seller; Sold As-Is Storm Protection Details: None Tax Information: City/County Unit Description: Exterior Catwalk Utilities: Cable Available; Sewer Available; Water Available Water Access: Fixed Bridge; Ocean Access Water Source: Public Water View: Canal; Marina Waterfront Features: Canal Front; Navigable Water; Seawall Showing Requirements: 24 Hour Notice; Appointment Only; Occupied Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Covered; Balcony - Screened Patio Details: Patio - Screened Contingencies: Financing; Inspection Room Types: Bedroom 2; Dining Room; Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
250000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
2
Street Name
Royal Palm 1040
Street Suffix
Way
Unit Number
1040
City Name
Boca Raton
State Or Province
FL
Postal Code
33432
Postal Zip
33432
Subdivision Name
BOCA BAYOU CONDO
Area
4270
Geographic Area
PB02
Elementary School
Boca Raton
Middle Or Junior School
Boca Raton Community
High School
Boca Raton
Special Assessment YN
No
Parcel Number
06434731060021040
Zoning
R4(cit
Directions
FEDERAL HIGHWAY SOUTH IN BOCA TO ROYAL PALM WAY/ SW 18TH STREET, HEAD WEST TO FIRST COMPLEX ON THE LEFT (SOUTH SIDE) SHOW GUARD PHOTO ID...CONTINUE TO BUILDING 2, PLENTY OF GUESTS SPOTS, 1st FLOOR
Multiple Offers Accepted
Yes
Building Name
2

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
533
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Association Phone
561-392-5540
Association Website
www.mybocabayou.com
Membership Fee Required YN
No
Tax Annual Amount
2623.68
Tax Year
2020
Tax Legal Description
BOCA BAYOU (PHASE ONE) COND APT 104 BLDG 2

Status Change Information

Major Change Timestamp
2022-01-06T20:51:22Z
Major Change Type
Status Change
Status Change Date
2022-01-06
Under Contract Date
2021-10-15
Close Date
2022-01-05
Close Price
245000
Buyer Financing
Conventional

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Location
Entry Level Living Area Y

Short Sale Details

Short Sale Addendum
No

Capital Contributions

Capital Contributions YN
No

Main Level Rooms

Main Level Bathrooms
Yes
Main Level Bedrooms
2

Leasing Restrictions

Leasing - Max Times Per Year
Yes
Leasing - Minimum Number of Days
90

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Bedroom 2 Level
First
Dining Room Level
First
Kitchen Level
First
Living Room Level
First
Master Bedroom Level
First

Price Calculations

Current Price To SqFt
242.57
Original List Price To Close Price
1.02

Originating Details

Originating System Key
20210808154419656393000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 15.00 12.00 First
Dining Room 10.00 12.00 First
Kitchen 13.00 8.00 First
Master Bedroom 14.00 13.00 First
Bedroom 2 13.00 11.00 First
IDX
Listing Office: Coldwell Banker
Source MLS Verified
Last Updated: September - 09 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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