500 SW 2nd Ave #2150, Boca Raton, FL, 33432
About This Home
Prime Downtown Boca Raton Investment Opportunity – Strong Rental Income Excellent opportunity to own a well-located 1-bedroom, 1-bathroom apartment in the heart of Downtown Boca Raton, currently generating $1,570/month in rental income (until November 2026). Ideal for investors seeking stable cash flow in a high-demand area. This unit features a spacious living area, updated bathroom, and ample storage throughout. The kitchen and appliances are in great condition, offering a clean, move-in-ready space for tenants. Located just steps from everything Boca has to offer: Walking distance to Mizner Park Minutes from IPIC Theaters Boca Raton, top restaurants, shops, and the post office Near the future **Brightline Boca Raton station, adding long-term value and convenience The building offers common laundry facilities on each floor, with this unit located just steps away for added convenience. Includes one assigned parking space plus ample guest parking. A rare chance to own in one of Boca Raton’s most desirable and walkable locations with immediate income and future upside.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1971
Materials
- Construction materials: Other
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Other
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Other
- Flooring: Other
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 512
- Total interior livable area: 512 sqft
Property
Details
- Parcel number: 06434730270022150
- Other equipment: Other
Features
- Exterior features: Other
- Has view: Yes
- View description: Other
Parking
- Total spaces: 2
- Parking features: Other
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Heat Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Palm Beach County and Florida
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $854 | $10,248 |
| Home Insurance * | $86 | $1,032 |
| Property Taxes | $281 | $3,372 |
| Electricity | $197 | $2,366 |
| Total | $1,418 | $17,016 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Listed for sale | $169,000 |
| 2020-10-12 | Listing removed | $1,100 |
| 2020-10-06 | Price change | $1,100 |
| 2020-09-03 | Listed for rent | $1,150 |
| 2018-12-18 | Listing removed | $1,050 |
| 2018-11-07 | Sold | $81,000 |
| 2018-10-27 | Listed for rent | $1,050 |
| 2018-09-24 | Pending sale | $95,000 |
| 2018-09-24 | Listing removed | $1,100 |
| 2018-09-24 | Price change | $1,100 |
| 2018-09-09 | Listed for rent | $1,150 |
| 2018-05-08 | Listed for sale | $95,000 |
| 2015-10-30 | Sold | $85,000 |
| 2015-07-22 | Listed for sale | $85,000 |
| 2015-07-06 | Sold | $51,200 |
| 2006-11-29 | Sold | $120,000 |
| 1996-09-11 | Sold | $30,000 |
View on Zillow