Mediterranean home in Boca Raton, FL
Set in Boca Raton, FL, this Mediterranean home provides 4 bedrooms and 3 bathrooms across 2,660 square feet. Its Mediterranean character defines the property's look.
| Price | $1,110,000 |
|---|
| Beds | 4 |
|---|
| Baths | 3 |
|---|
| Sqft | 2660 |
|---|
| Architectural style | Mediterranean (75% match) |
|---|
| Address | 20101 Palm Island Drive, Boca Raton, FL 33498 |
|---|
Why buy this home
- Confirmed Mediterranean architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced below comparable homes.
- At $1.1M, this home is 15% below the $1.3M median for 372 similar Mediterranean homes in Boca Raton, FL.
- That works out to $417 per square foot, 5% below the $439 comparable rate.
- On the market 59 days, longer than usual here, so the seller may be open to offers.
| This home | $1,110,000 |
|---|
| Mediterranean median in Boca Raton, FL | $1,300,000 (372 homes) |
|---|
| Price per sq ft | $417 vs. $439 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 $7,334/month with 20% down at a 7.28% 30-year fixed rate. You would need about $314,306 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $6,076/mo |
|---|
| Property tax (new-buyer reassessed rate) | $842/mo |
|---|
| Homeowners insurance | $416/mo |
|---|
| Total monthly | $7,334/mo |
|---|
| Down payment (20%) | $222,000 |
|---|
| Income needed | $314,306/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B (71 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 (71/100) |
|---|
| Beats renting in | 29% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $618,073 |
|---|
| Range (10th to 90th pct) | $385,012 to $889,705 |
|---|
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 Trulia