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500 SE 5th Avenue #701-S, Boca Raton, FL, 33432

3beds
5baths
4,267sqft
$6,995,000
$1,639price/sqft
$44,172/moest. monthly cost
$1,766,880/yrincome needed

About This Home

Coveted center stack residence at Mizner Grand with sweeping views of Lake Boca and the Atlantic Ocean, offering exceptional scenery and a recently completed full renovation with refined finishes throughout. This beautifully redesigned residence features three spacious bedroom suites, with one currently configured as a sophisticated office, thoughtfully laid out for both privacy and comfort. The luxurious waterfront primary suite is a true private retreat, complete with dual bathrooms and a spa-like feel. Expansive living spaces, floor-to-ceiling glass, and a seamless indoor-outdoor flow capture the essence of premier waterfront living in one of Boca Raton's most sought-after luxury buildings in a prime location on the grounds of The Boca Raton. Residents enjoy five-star amenities including concierge and valet, two waterfront resort-style pools, state-of-the-art fitness centers complete with sauna, steam, and spa facilities, and elegant social rooms. DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. "No payments made until title passes" Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2026 by the listing company. All Rights Reserved.

Getting Around

55
WalkingSomewhat Walkable
36
TransitSome Transit
65
BikeBikeable

Schools

Construction

Condition

  • Property condition: Resale
  • Year built: 1999

Materials

  • Roof: Other
  • Construction materials: Block

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Cooktop,Dryer,Dishwasher,Electric Cooktop,Electric Water Heater,Freezer,Disposal,Ice Maker,Microwave,Oven,Refrigerator,Water Heater,Washer
  • Laundry features: Inside,Laundry Room,Laundry Tub,In Unit,Sink,Washer Dryer Install Allowed

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1
  • Main level bathrooms: 5
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 221
  • Dimensions: 17 X 13

Features

  • Built-in Features,Entrance Foyer,Kitchen Island,Multiple En Suite Bathrooms,Split Bedrooms,Walk-In Closet(s)
  • Window features: Storm Window(s)
  • Flooring: Tile

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,848
  • Total interior livable area: 4,267 sqft

Kitchen

  • Level: Main
  • Area: 182
  • Dimensions: 14 X 13

Living Room

  • Level: Main
  • Area: 750
  • Dimensions: 30 X 25

Master Bedroom

  • Level: Main
  • Area: 475
  • Dimensions: 25 X 19

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 06434729500020701
  • Zoning: CONDO
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: Association
  • Patio & porch: Covered,Balcony
  • Exterior features: Balcony,None,Outdoor Living Area
  • Has view: Yes
  • View description: City,Intercoastal,Lake,Ocean,Water
  • Has water view: Yes
  • Water view: Intercoastal,Lake,Ocean,Water
  • On waterfront: Yes
  • Waterfront features: Intracoastal Access,Lake Front

Parking

  • Total spaces: 2
  • Parking features: Assigned,Guest,Valet

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Coastal Flooding
Heat Wave
Inland Flooding
Tsunami

FEMA Declared Disasters in Palm Beach County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $35,370$424,440
Home Insurance *$3,594$43,128
Property Taxes $4,779$57,348
Electricity $429$5,153
Total$44,172$530,064
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,514,468/yr
40% on housing$1,325,160/yr
45% on housing$1,177,920/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.0%
4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,639This listing

vs Other Active Listings

Avg $/sqft

ZIP 33432$942
Palm Beach County$443

vs Homes Sold Last Month

Median $/sqft

ZIP 33432$996
Palm Beach County$365

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-31Listed for sale$6,995,000
2026-07-22Listing removed$50,000
2026-05-26Listed for rent$50,000

For Sale by Agent

AgentMichael J Wells
BrokeragePremier Estate Properties Inc

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