7 Royal Palm Way 406, Boca Raton, FL 33432

$229,500
Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 855 Status: Closed
Current Price: $229,500 List Date: 5/16/2024 Last Modified: 7/27/2026

Overview

Description

Calling all investors, renovators, and visionaries! Uncover the hidden potential in this 1BD/1BA condo nestled in a perfectly placed building overlooking the Hillsboro Canal. This property checks all the boxes! Fabulous Location. Million Dollar Water Views. Priced To Sell. Assessment Paid. Doesn't get any better than this, so don't miss your opportunity to transform this condo into your stunning home or a profitable investment property. Boca Bayou offers 5 swimming pools, tennis courts & boat dockage rental (if available). Only 5 mins to the beach, Mizner Park, Royal Palm and more! Assoc fee includes building insurance, water, cable w/HBO's, 24 hour gated security & reserves.

Listing Details MLS# R10987776

General Property Information

Number Of Units In Community
721
Total Units In Building
43
Unit Floor #
4
Property Sub Type
Condominium
Bedrooms Total
Yes
Bathrooms Total
Yes
Bathrooms Full
Yes
Building Area Main
855
Building Area Source
Public Records
Living Area Main
795
Year Built
1977
Gated Community YN
Yes
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
6
Direction Faces
West
Pool Private YN
No
Furnished
Unfurnished

Property Features

Application Information: Personal Interview Required Association Fee Includes: Cable TV; Common Areas; Hot Water; Insurance; Maintenance Grounds; Security; Water Dining Area: Dining/Living Room; Snack Bar/Counter Electric: Three Phase Exterior Features: Built-in Barbecue; Tennis Court(s) Flooring: Carpet; Ceramic Tile Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Electric Range; Refrigerator Architectural Style: Colonial Boat and Dock Features: No Wake Zone Construction Materials: CBS; Stucco Cooling: Central Air Association Type: Condominium Heating: Central; Electric Interior Features: Entrance Foyer; Storage Listing Terms: Cash Pets Allowed YN: No Possession: Close Of Escrow Restrictions: Buyer Approval Required; Lease Restrictions; Parking - No Commercial Vehicles; Parking - No Motorcycle; Parking - No Truck; Parking Restrictions Road Frontage Type: Private Road; West of US-1 Roof: Other Security Features: Gated with Guard; Security Patrol Sewer: Public Sewer Special Information: Handyman Special; Sold As-Is; Disclosure Sprinkler Description: Auto Sprinkler Tax Information: City/County; No Homestead Unit Description: Exterior Catwalk Utilities: Cable Available; Sewer Available; Water Available View: Garden; Pool Water Access: Fixed Bridge; Ocean Access Water Source: Public Water View: Canal; Lagoon; River Waterfront Features: Canal Front; Lagoon Window Features: Drapes Showing Requirements: Schedule Online; Security Guard Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Covered; Balcony - Screened Contingencies: Financing Room Types: Dining Room; Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
239500

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
7
Street Name
Royal Palm
Street Suffix
Way
Unit Number
406
City Name
Boca Raton
State Or Province
FL
Postal Code
33432
Postal Zip
33432
Subdivision Name
Boca Bayou
Development Name
Boca Bayou
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
06434731060074060
Zoning
Res
Directions
Boca Bayou entrance is located on Royal Palm Way at 18th Street between US 1 and Dixie Hwy. After guard gate go right follow S curve then left toward the south. Turn left just before stop sign.
Building Name
7

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
523.43
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Association Phone
561-392-5540
Association Website
mybocabayou.com
Membership Fee Required YN
No
Tax Annual Amount
3593
Tax Year
2023
Tax Legal Description
Boca Bayou Phase Two Cond Apt 7406

Status Change Information

Major Change Timestamp
2024-07-11T14:43:43Z
Major Change Type
Status Change
Status Change Date
2024-07-11
Under Contract Date
2024-05-24
Close Date
2024-07-10
Close Price
229500
Buyer Financing
Conventional

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Short Sale Details

Short Sale Addendum
No

Boat and Dock Information

Dock
Yes
Boat Max Length
30
Dock Details
Rental Dock if avail
Boat Dock Accommodates
Up to 30 Ft Boat

Capital Contributions

Capital Contributions YN
No

Main Level Rooms

Main Level Bathrooms
Yes
Main Level Bedrooms
Yes

Leasing Restrictions

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

Storm Protection

Accordian Shutters
Partial

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Dining Room Level
Main
Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main

Price Calculations

Current Price To SqFt
288.67
Original List Price To Close Price
1.04

Originating Details

Originating System Key
20240416222022834979000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 15.00 12.00 Main
Dining Room 8.00 8.00 Main
Kitchen 12.00 9.00 Main
Master Bedroom 14.00 13.00 Main
IDX
Listing Office: RE/MAX Services
Source MLS Verified
Last Updated: July - 27 - 2026
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