485 E Royal Palm Rd, #203, Boca Raton, FL, 33432 | $3,180,000

One-of-a-Kind unit with private 1614' wrap-a-round terrace in Boca Raton's newest luxury mid-rise. Lives like a Single Family Home with 3 B/R's plus a den/office, 3. 5 baths, generous W/I closets in every bedroom. All on 1 level. Separate laundry room & service entrance *** 3 side by side assigned garage parking spaces *** High-end features include secure private elevator direct from garage into unit, gourmet kitchen with Sub-Zero/Wolf, Italian cabinetry, gas cooking, quartz countertops & 48x48 European floors throughout. Royal Palm Residences offers 24-hour Doorman, Valet services, Heated Pool, state-of-the-art fitness center, storage lockers, Club room & all within minutes to your favorite restaurants. Short 5 min bike ride to Beach & 1 minute to Intra-coastal Waterway

Features

  • Heating: Heat Pump
  • Cooling: Central Air
  • Levels: 9
  • Amenities: Clubhouse,Community Kitchen,Fitness Center,Pool,Elevator(s)
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Complex: ROYAL PALM RESIDENCES
  • Year Built: 2024
  • Common Charge: $2,268 Monthly
  • Approx Sq. Feet: 2,425
  • Est. Taxes: $1,972
  • View: Garden
  • Pets Allowed: Yes
  • Pet Policy: Dogs OK,Yes
  • Appliances: Some Gas Appliances,Built-In Oven,Dryer,Dishwasher,Disposal,Gas Range,Ice Maker,Microwave,Refrigerator,Self Cleaning Oven,Washer
  • MLS#: A11652184
  • Days on Market: 6 days
  • Website: https://www.raveis.com
    /prop/A11652184/485eroyalpalmrd_bocaraton_fl?source=qrflyer
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Listing courtesy of Beachfront Realty Inc   Phone: 305-405-0615

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@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:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@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
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

485 E Royal Palm Rd, #203, Boca Raton, FL, 33432

$3,180,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,544,000 $2,544,000 $2,544,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.443% 6.258% 6.201%
Monthly Tax Payment $164 $164 $164
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $15,458 $15,458 $21,468
Total Monthly Payment $15,747 $15,747 $21,757

* 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.