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David Hall & Sonia Hall Of Compass Sell Condo At Mizner Grand In Boca Raton For $5.5M

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SOLD
$5,500,000

Florida

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Condo5,835 SF
Sold 07/15/2025
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Property Image
SOLD

David Hall & Sonia Hall Of Compass Sell Condo At Mizner Grand In Boca Raton For $5.5M

550 Southeast 5th Avenue

See Similar Deals
Condo5,835 SF
Sold 07/15/2025
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$942
Total Square Footage:5,835 SF
Transaction Type:Sale

The condo located at 550 Southeast 5th Avenue - Mizner Grand, on the grounds of The Boca Raton Resort & Club, has been sold for $5,500,000. The property encompasses 5,835 square feet, resulting in a price per square foot of $942 in the Boca Raton market.

Summary of transation details:

  • Property Type: Condo
  • Transaction Amount: $5,500,000
  • Square Footage: 5,835
  • Price per Square Foot: $942
  • Address: 550 Southeast 5th Avenue - Mizner Grand, on the grounds of The Boca Raton Resort & Club
  • Market: Boca Raton
  • Brokers: David Hall & Sonia Hall - Compass

David Hall and Sonia Hall represented the buyer and seller in this transaction, facilitating the sale through their agency, Compass. Their involvement underscores the role of experienced brokers in high-value property deals.

Players

David Hall
15 deals$57.7M volume(561) 508-1310
BROKER

Sonia Hall
Compass
15 deals$57.7M volume(516) 526-1090
BROKER

Compass
BROKERAGE

Details

SOLD
IMAGE: Sonia Hall & David Hall DATE: 07/15/2025 ADDRESS: 550 Southeast 5th Avenue - Mizner Grand, on the grounds of The Boca Raton Resort & Club MARKET: Boca Raton ASSET TYPE: Condo BROKERS: David Hall (@HallLuxuryHomes) & Sonia Hall (@1Sonia100) - Compass (@Compass) SALE PRICE: $5,500,000 SF: 5,835 ~ PPSF: $942

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67