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Exceptional Mizner Grand Condo at 550 Southeast 5th Avenue

Exceptional Mizner Grand Condo at 550 Southeast 5th Avenue
FOR SALE
View more

$6,750,000

550 Southeast 5th Avenue, Boca Raton, FL 33432

5,835 SF

Square Feet

$1,157

PPSF

Property Description

Exceptional CENTER-STACK residence in MIZNER GRAND, located at 550 SE 5th Avenue, #203S, within the grounds of the World-Renowned Boca Raton Resort and Club. offers breathtaking 180-degree EAST EXPOSURE views of Lake Boca and the Intracoastal Waterway, visible from the Kitchen, Breakfast Area, Oversized Double Den, Living Room, and Primary Suite (See Floor-plan).

A truly rare find, at 5,835 sq. ft. under air (which includes 5,184 sq. ft. and 651 sq. ft. of developer-added space) in Most Desirable B-Core South Location, this magnificent residence includes 4 Bedrooms + Media Room + 5.5 Bathrooms. One of the largest and most coveted layouts in the building, this expansive design highlights with high ceilings and NEW full-impact windows and doors throughout.

Mizner Grand is situated on nearly 800 feet of Intracoastal frontage and is surrounded by beautifully landscaped grounds, creating an oasis of tranquility. Residents enjoy access to all-new, first-class amenities, including two newly renovated pools, two fully appointed gyms for aerobics and weight training, and locker rooms with hot / cold whirlpools, sauna, and showers. Two card rooms and club rooms equipped with wet bars offering complimentary coffee and light snacks throughout the day by café attendants.

Additionally, Mizner Grand features double-gated security within the already secure Mizner Village community, providing peace of mind with “armed” security, a full-service concierge, multiple parking valet stations and professional on-site management. Secure garage parking for 2 cars is included.

Located just directly adjacent and a 2-minute walk to The Boca Raton Resort & Club (separate membership required), and nearby fine dining and shopping options, this residence is perfectly positioned for a lifestyle of luxury and convenience.

Mizner Grand is currently in the final stages of a $40+ million renovation of its common areas, set to be completed in mid-2025, ensuring that this property will continue to offer unparalleled luxury for years to come. Seller has already paid all assessments in full.


Property Details

Asset Type

Condo

Year Built

1999

Neighborhood

Mizner Village

Submarket

Boca Raton

ZIP

33432

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$383,981

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$31,998

Annual Debt Service

$383,981

View on Map

Address

550 Southeast 5th Avenue

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Boca Raton Condo Market Snapshot

Boundary boundary · Condo · Sale

No investors found in this market.

Contact the Listing Team

David Hall

David Hall

Broker Associate

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Sonia Hall

Sonia Hall

Real Estate Advisor

15 closed

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Send a Message

David Hall

David Hall

Broker Associate

15 closed

Call
Sonia Hall

Sonia Hall

Real Estate Advisor

15 closed

Call