550 S Ocean Boulevard 508, Boca Raton, FL 33432

$2,125,000

Virtual Tour

https://www.propertypanorama.com/550-S-Ocean-Boulevard-508-Boca-Raton-FL-33432/unbranded

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: 3/29/2026

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
Lot Size Area: 0

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; See Remarks 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
Listing Contract Date: 2024-03-14
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 Y

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

Showing Details

Pet(s) on Premises: No

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Room Types

Kitchen Level: First
Living Room Level: First
Master Bedroom Level: First
Bedroom 2: Yes
Dining Room: Yes
Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

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

Office/Member Information

DXORIGMLSID: RML

Application Information

Personal Interview Required: Yes

Amenities

Bike Storage: Yes
Billiard Room: Yes
Business Center: Yes
Community Room: Yes
Elevator(s): Yes
Fitness Center: Yes
Internet Included: Yes
Library: Yes
Manager On Site: Yes
Parking: Yes
Pickleball Court(s): Yes
Picnic Area: Yes
Pool: Yes
Putting Green: Yes
Spa/Hot Tub: Yes
Storage: Yes
Tennis Court(s): Yes

Association Fee Includes

Cable TV: Yes
Common Areas: Yes
Elevator: Yes
Insurance: Yes
Maintenance Grounds: Yes
Pest Control: Yes
Security: Yes
Trash: Yes
Water: Yes

Dining Area

Formal Dining: Yes

Electric

Three Phase: Yes

Flooring

Ceramic Tile: Yes

Parking Features

Assigned: Yes
Covered: Yes
Guest: Yes
Under Building: Yes
Garage: Yes

Property Condition

Resale: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Information

Foreign Seller: Yes
Sold As-Is: Yes
Disclosure: Yes

Utilities

Cable Available: Yes
Sewer Available: Yes
Water Available: Yes

View

City: Yes
Tennis: Yes

Heating

Central Individual: Yes
Electric: Yes
Heat Pump: Yes

Unit Description

Corner/End Unit: Yes
Interior Hallway: Yes

Water Access

No Fixed Bridge: Yes
Ocean Access: Yes

Water View

Intracoastal: Yes
Marina: Yes
Ocean: Yes

Window Features

Blinds: Yes
Casement: Yes
Storm Window(s): Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes
Water Heater: Yes

Construction Materials

CBS: Yes

Interior Features

Bedroom Layout - Split: Yes
Entrance Foyer: Yes
Walk-In Closet(s): Yes

Listing Terms

Cash: Yes

Security Features

Closed Circuit Camera(s): Yes
Lobby - Attended: Yes
Security Guard: Yes
Security Patrol: Yes
Security System: Yes

Water Source

Public: Yes

Waterfront Features

Directly on Sand: Yes
Ocean Front: Yes
No Fixed Bridges: Yes

Water Heater Details

Electric Water Heater: Yes

Boat and Dock Features

Exclusive Use: Yes

Cooling

Central Individual: Yes
Electric: Yes
Reverse Cycle: Yes

Association Type

Condominium: Yes

Showing Requirements

Appointment Only: Yes
See Remarks: Yes

Master Bedroom/Bath

Combo Tub/Shower: Yes

Pets Allowed YN

No: Yes

Restrictions

Buyer Approval Required: Yes
Lease Restrictions: Yes
No Corporate Buyer: Yes
Parking - No Commercial Vehicles: Yes

Other Leasing Restrictions

Leasing Prohibited 1st 2 Years: Yes

Tax Information

City/County: Yes
No Homestead: Yes

Outdoor Living Spaces

Patio: Yes

Patio Details

Patio - Covered: Yes

Contingencies

Financing: Yes

Room Information

Living Room Length: 26.00 Length: 26.00 Width: 15.00 Width: 15.00 Level: First Dining Room Length: 14.00 Length: 14.00 Width: 12.00 Width: 12.00 Kitchen Length: 16.00 Length: 16.00 Width: 9.00 Width: 9.00 Level: First Master Bedroom Length: 19.00 Length: 19.00 Width: 12.00 Width: 12.00 Level: First Bedroom 2 Length: 16.00 Length: 16.00 Width: 12.00 Width: 12.00

Listing Office: Lang Realty/BR

Last Updated: March - 29 - 2026

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550 S Ocean Boulevard 508, Boca Raton, FL 33432 (MLS# R10968834)