Atlantic Luxury AdvisorsKeller Williams Realty Services

48 photos

1500 Ocean #1505

Boca Raton, FL 33432

$4,850,000
3
3.5
2,792 sq ft
1986
2 car
Condominium
$4,391/mo
Yes
Yes
99
Active

Listing courtesy of Douglas Elliman. Contact: [email protected].

About this home

Welcome to Residence 1505-S at Addison on the Ocean, one of Boca Raton's most prestigious oceanfront addresses. This exceptional lower penthouse residence encompasses 2,792 square feet of meticulously redesigned living space and underwent an extensive designer renovation in 2023, blending timeless elegance with modern sophistication while showcasing breathtaking direct East Ocean views and spectacular sunset vistas from its western terraces. Spanning a desirable flow-through floor plan, this impeccably appointed residence offers three spacious bedrooms, each with its own en-suite bathroom, plus a beautifully redesigned powder room. Arrive via a semi-private elevator foyer, where a custom handmade medallion immediately sets the tone for the exceptional craftsmanship and attention to detail found throughout the home. Designed by Clive Daniel Home, the interiors feature new flooring throughout, dramatic wraparound ceiling lighting in the living room, dining room, and kitchen, and thoughtfully curated finishes that create a refined yet comfortable coastal ambiance. Crafted for the discerning chef, the gourmet kitchen pairs striking Cambria Quartz countertops with an exceptional suite of Wolf appliances, a Sub-Zero refrigerator and freezer, and a built-in Miele coffee system, creating a refined space where form and function coexist effortlessly. Floor-to-ceiling glass frames unobstructed ocean views, filling the residence with natural light and seamlessly connecting indoor and outdoor living spaces. The expansive eastern terrace provides the perfect setting to enjoy sunrise views over the Atlantic, while western balconies offer stunning sunset panoramas over the city skyline and Intracoastal. Residents of Addison on the Ocean enjoy an unmatched resort-style lifestyle with full-service beach and pool attendants, two heated oceanfront swimming pools, an oceanfront restaurant and bar, on-site café, state-of-the-art fitness center, residents' lounge and game room, and exceptional white-glove service. The community is further enhanced by a manned gated entrance, 24-hour security, and two dedicated garage parking spaces. Positioned along Boca Raton's coveted coastline, Residence 1505-S represents a rare opportunity to own a fully renovated, move-in-ready lower penthouse in one of South Florida's most exclusive beachfront communities.

Virtual tour
What it costs to own
Estimated monthly payment
$38,958/mo
Principal and interest
$24,524
Property tax
$7,010
Homeowners insurance
$3,033
HOA
$4,391

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$84,119/yr

Estimate: the price times the Palm Beach County average total millage (17.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.

HOA
$4,391/mo (from the listing)
FEMA flood zone
Lookup unavailable. Check the FEMA map
Hurricane evacuation zone
Lookup unavailable. Know your zone

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Florida condo safety laws

Addison On The Ocean In Boca Raton, A Condo, The was built in 1985, according to the county property appraiser.

If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one was due by December 31, 2024. A local building official may require it at 25 years near salt water.

Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.

Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.

Location
Location from the listing's MLS coordinatesMap data © OpenStreetMap contributors

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.