Exceptional Mizner Grand Condo at 550 Southeast 5th Avenue
$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
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