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550 Southeast 5th Avenue

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

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

550 Southeast 5th Avenue

$5,500,000

$942/SF

Building Size

5,835 SF

Asset Type

Condo

Closing

Jul 14, 2025

AI

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

Compass

Broker

$57.7M

vol

15 deals

Broker
Compass
CompassBrokerage

Boca Raton Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93