550 S Ocean Boulevard 508, Boca Raton, FL 33432

$2,125,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,878 Status: Closed
Current Price: $2,125,000 List Date: 4/05/2024 Last Modified: 6/30/2026

Overview

Description

Luxury living in this southeast corner residence, boasting expansive terrace with mesmerizing views of the ocean and Lake Boca from every room. Elegantly renovated in 2022, this home shines with an open kitchen design, sleek porcelain flooring throughout, and contemporary bathrooms, all finished with exquisite attention to detail. The building enriches your living experience with private beach access, ocean-side pools, inviting hot tubs, outdoor barbecues, cutting-edge fitness centers, and two tennis courts, among a plethora of other amenities. Nestled just minutes away from the vibrant Mizner Park and Royal Palm Plaza, its location is unparalleled. A mere 35-minute drive connects you to either Palm Beach or Fort Lauderdale airports.

Listing Details MLS# R10968834

General Property Information

Number Of Units In Community
378
Total Units In Building
189
Unit Floor #
5
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1878
Building Area Source
Plans
Living Area Main
1614
Year Built
1974
Garage YN
Yes
Garage Spaces
Yes
Covered Spaces
Yes
Gated Community YN
No
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
23
Direction Faces
Southeast
Pool Private YN
No
Furnished
Negotiable

Property Features

Application Information: Personal Interview Required Association Fee Includes: Cable TV; Common Areas; Elevator; Insurance; Maintenance Grounds; Pest Control; Security; Trash; Water Dining Area: Formal Dining Electric: Three Phase Flooring: Ceramic Tile Parking Features: Assigned; Covered; Guest; Under Building; Garage Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Boat and Dock Features: Exclusive Use Construction Materials: CBS Cooling: Central Individual; Reverse Cycle Association Type: Condominium Heating: Central Individual; Electric; Heat Pump Interior Features: Bedroom Layout - Split; Entrance Foyer; Walk-In Closet(s) Listing Terms: Cash Pets Allowed YN: No Possession: Close Of Escrow Restrictions: Buyer Approval Required; Lease Restrictions; No Corporate Buyer; Parking - No Commercial Vehicles Other Leasing Restrictions: Leasing Prohibited 1st 2 Years Security Features: Closed Circuit Camera(s); Lobby - Attended; Security Guard; Security Patrol; Security System Sewer: Public Sewer Special Information: Foreign Seller; Sold As-Is; Disclosure Tax Information: City/County; No Homestead Unit Description: Corner/End Unit; Interior Hallway Utilities: Cable Available; Sewer Available; Water Available View: Tennis Water Access: No Fixed Bridge; Ocean Access Water Source: Public Water View: Intracoastal; Marina; Ocean Waterfront Features: Directly on Sand; Ocean Front; No Fixed Bridges Window Features: Blinds; Casement; Storm Window(s) Showing Requirements: Appointment Only Outdoor Living Spaces: Patio Patio Details: Patio - Covered Contingencies: Financing Room Types: Bedroom 2; Dining Room; Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
2500000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
550
Street Direction Prefix
S
Street Name
Ocean
Street Suffix
Boulevard
Unit Number
508
City Name
Boca Raton
State Or Province
FL
Postal Code
33432
Postal Zip
33432
Subdivision Name
CHALFONTE CONDO
Development Name
CHALFONTE
Area
4160
Geographic Area
PB01
Elementary School
Boca Raton
Middle Or Junior School
Boca Raton Community
High School
Boca Raton
Special Assessment YN
No
Parcel Number
06434728080010508
Zoning
R5A(ci
Directions
A1A between Palmetto Park and Camino Real on Ocean side
Building Name
550 (SOUTH)

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
1569
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Association Phone
561.392.1530
Membership Fee Required YN
No
Tax Annual Amount
31009.1
Tax Year
2023
Tax Legal Description
CHALFONTE COND APT 508 BLDG SOUTH-

Remarks and Miscellaneous

Public Historical Remarks
Boat Services: Common Dock

More Information

Status Change Information

Major Change Timestamp
2024-07-09T16:18:39Z
Major Change Type
Status Change
Status Change Date
2024-07-09
Under Contract Date
2024-05-16
Close Date
2024-07-02
Close Price
2125000
Buyer Financing
Cash

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Short Sale Details

Short Sale Addendum
No

Boat and Dock Information

Dock
Yes
Dock Details
Boat Services: Y

Capital Contributions

Capital Contributions YN
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Leasing Restrictions

Leasing - Minimum Number of Days
120

Storm Protection

Accordian Shutters
Partial
Impact Glass
Complete

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Kitchen Level
First
Living Room Level
First
Master Bedroom Level
First

Price Calculations

Current Price To SqFt
1316.6
Original List Price To Close Price
1.17

Originating Details

Originating System Key
20240314225307368203000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 26.00 15.00 First
Dining Room 14.00 12.00
Kitchen 16.00 9.00 First
Master Bedroom 19.00 12.00 First
Bedroom 2 16.00 12.00
IDX
Listing Office: Lang Realty/BR
Source MLS Verified
Last Updated: June - 30 - 2026
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