Condo / High-rise home in Boca Raton, FL
This Condo condo in Boca Raton, FL offers 2 bedrooms and 2 bathrooms across 1,351 square feet. The Condo styling carries through the home's design.
| Price | $1,825,000 |
|---|
| Beds | 2 |
|---|
| Baths | 2 |
|---|
| Sqft | 1351 |
|---|
| Architectural style | Condo / High-rise (100% match) |
|---|
| Address | 550 S Ocean Unit 1509, Boca Raton, FL 33432 |
|---|
Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced above comparable homes.
- At $1.8M, this home is 400% above the $365K median for 472 similar Condo / High-rise homes in Boca Raton, FL.
- That works out to $1351 per square foot, 356% above the $296 comparable rate.
- On the market 10 days.
| This home | $1,825,000 |
|---|
| Condo / High-rise median in Boca Raton, FL | $365,000 (472 homes) |
|---|
| Price per sq ft | $1,351 vs. $296 comps median |
|---|
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $12,058/month with 20% down at a 7.28% 30-year fixed rate. You would need about $516,764 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $9,989/mo |
|---|
| Property tax (new-buyer reassessed rate) | $1,384/mo |
|---|
| Homeowners insurance | $684/mo |
|---|
| Total monthly | $12,058/mo |
|---|
| Down payment (20%) | $365,000 |
|---|
| Income needed | $516,764/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B (74 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B (74/100) |
|---|
| Beats renting in | 33% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $1,086,081 |
|---|
| Range (10th to 90th pct) | $697,133 to $1,539,382 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US where local data is thin.
Local home values
Typical home values in United States have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the national market, not this specific home.
View this home on Estately