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1040 Banyan Rd #504C
Boca Raton, FL 33432
Listing courtesy of One Sotheby's International Realty. Contact: 561-997-7227.
At the Boca Inlet, where the Intracoastal meets the Atlantic, discover one of East Boca's best-kept waterfront secrets. This beautifully updated penthouse-level residence at Newth Gardens offers 2 bedrooms, 2 baths and 1,269 SF in an exceptional location just across from the beach. A dramatic wall of sliding glass opens the air-conditioned living space to ocean and inlet views and coastal breezes. Inside, a neutral palette, oversized tile, natural stone finishes, marble baths, impact windows and a private-entry guest suite create an effortless coastal retreat. Enjoy an Intracoastal-side pool, waterfront green space, barbecue areas and covered parking, all moments from the very best of Boca Raton. Residence 504C is a penthouse-level 2BR/2BA residence offering approximately 1,269 SF with ocean, Boca Inlet and Intracoastal views. Interior features include a neutral coastal palette, oversized tile, natural stone finishes, marble baths, glazed ceilings designed to reflect natural light, impact windows, generous walk-in closets and a kitchen pantry. Expansive stacking glass sliders open the air-conditioned Florida room to the views and coastal breezes, with a shallow covered exterior balcony beyond. The guest suite features its own private entrance, and one assigned covered parking space is located beneath the building. Newth Gardens is an intimate community of approximately 100 residences across three buildings, offering expansive park-like green space, a large pool with ocean and Intracoastal views, outdoor barbecue areas and a clubhouse available for private entertaining. Two-year ownership is required prior to leasing, contributing to an established residential feel. Concrete restoration is nearing completion, with a full exterior painting project anticipated Q4 2026; the community is expected to transition from its traditional pink exterior to a fresh, neutral off-white palette. Association fee is reflected in MLS as a monthly equivalent of $1,528.39; the current regular association assessment is billed quarterly at $4,585.18. Special assessments, if any, are separate. Buyer to verify all association fees, assessments, leasing restrictions, square footage, measurements, features, amenities, parking and planned community improvements directly with the association. Information is deemed reliable but not guaranteed and is subject to errors, omissions and changes without notice.
- Principal and interest
- $3,514
- Property tax
- $953
- Homeowners insurance
- $433
- HOA
- $1,528
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.
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.
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.
Newth Gardens was built in 1969, 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.
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.














