Atlantic Luxury AdvisorsKeller Williams Realty Services

57 photos

485 E Royal Palm Rd #503 ## 503

Boca Raton, FL 33432

$2,950,000
3
3.5
2,469 sq ft
2024
2 car
Condominium
$3,231/mo
Yes
Yes
21
Active

Listing courtesy of One Sotheby's International Realty. Contact: 561-997-7227.

About this home

Experience luxury living at Royal Palm Residences in downtown Boca Raton. This 3-bedroom, 3.5- bath residence offers custom interiors, an impressive 457-square-foot private terrace, and the privacy of just two residences per floor. Secure, single-ride elevator access opens directly to your private foyer and a desirable split floor plan. Custom features include: flooring, plumbing fixtures, high-end wood cabinetry and solar shades that reflect the home's attention to detail and quality. The kitchen features upgraded quartz countertops and backsplash, a Wolf gas cooktop, Wolf oven and microwave, and Sub-Zero refrigerator. An adjoining flex room offers versatility as a formal dining room or a den. The redesigned primary bathroom includes an air-jetted tub, dual sinks, upgraded tile, a linen closet, and a private water closet. Custom closet organizers and Crestron home automation add everyday convenience. The expansive private terrace is a standout feature, with a built-in Wolf gas grill and ample room for outdoor dining and lounging, at both the south and north side of the residence. Additional highlights include two dedicated parking spaces, private storage, valet service, and 24- hour concierge service. Building amenities include a fitness center, a pool deck with heated spa, sun beds and towels, and an elegant clubroom with custom European cabinetry and a bar. Enjoy walking access to downtown Boca Raton's dining and luxury shopping, with beautiful beaches just moments away. Proof of funds, loan preapproval. Furniture separately negotiable, 2 Bang & Olufsen TVs excluded. This condo is sold As Is.

Virtual tour
What it costs to own
Estimated monthly payment
$24,230/mo
Principal and interest
$14,917
Property tax
$4,240
Homeowners insurance
$1,842
HOA
$3,231

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
$50,884/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
$3,231/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

Ridgewood Condo was built in 1981, 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.