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701 W Ocean Ave, Boynton Beach, FL, 33426

3beds
2baths
4,104sqft
$1,395,000
$340price/sqft
$10,542/moest. monthly cost
$421,680/yrincome needed

About This Home

Built in 1925, this fabulous Mediterranean estate home still carries itself like it did in the bygone era of the roaring 20's! The wonderful blend of charm, detail, grandeur and quality are evident everywhere you look. The main house has 4 bedrooms and seems like it goes on forever with glistening hardwood floors and tons of natural light. The main living areas all flow beautifully to the resort style backyard and pool with two separate and private guest houses adding three more bedrooms, 3 more baths and two more kitchens to the mix. This estate welcomes either a large family needing tons of space or it can continue as a very popular and successful Airbnb that can accommodate as many as 20 overnight guests and plays host to events like wedding receptions and family celebrations. The fall and winter bookings are already underway proving to be another great season.

Getting Around

52
WalkingSomewhat Walkable
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

2/10
Galaxy Elementary SchoolGrades PK-50.5 mi
3/10

Construction

Condition

  • Year built: 1925

Materials

  • Roof: Barrel,Tar/Gravel,Other
  • Construction materials: Frame,Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Spanish,Mediterranean
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Refrigerator,Freezer,Electric Range,Dishwasher,Microwave,Disposal,Washer,Dryer

Bedroom2

  • Level: Second
  • Area: 224
  • Dimensions: 16 x 14

Bedroom3

  • Level: Second
  • Area: 440
  • Dimensions: 20 x 22

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: First
  • Area: 288
  • Dimensions: 16 x 18

Features

  • Ceiling Fan(s),Storage,Pantry
  • Window features: Window Treatments,Double Hung
  • Flooring: Hardwood
  • Fireplace features: Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Zoned
  • Cooling features: Multi Units,Zoned

Interior Area

  • Total structure area: 4,628
  • Total interior livable area: 4,104 sqft

Kitchen

  • Level: First
  • Area: 100
  • Dimensions: 10 x 10

Living Room

  • Level: First
  • Area: 625
  • Dimensions: 25 x 25

Master Bedroom

  • Level: Second
  • Area: 396
  • Dimensions: 18 x 22

Property

Details

  • Parcel number: 08434529010040220
  • Zoning: R1A

Features

  • Levels: Two
  • Private pool: Yes
  • Patio & porch: Patio
  • Exterior features: Sprinkler System
  • Fencing: Back Yard
  • Waterfront features: None

Lot

  • Lot size: 150 sqft
  • Features: Corner Lot
  • Lot size dimensions: 120

Parking

  • Parking features: No Garage

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
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Heat Wave
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 $7,053$84,636
Home Insurance *$619$7,428
Property Taxes $2,457$29,484
Electricity $413$4,956
Total$10,542$126,504
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$361,440/yr
40% on housing$316,260/yr
45% on housing$281,120/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

$340This listing

vs Other Active Listings

Avg $/sqft

ZIP 33426$165
Palm Beach County$444

vs Homes Sold Last Month

Median $/sqft

ZIP 33426$243
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
2025-12-16Price change$1,395,000
2025-10-03Listed for sale$1,499,000
2023-05-01Listing removed--
2023-01-26Listed for sale$1,597,000
2023-01-11Listing removed--
2022-12-19Listed for sale$1,495,000
2022-09-16Listing removed--
2022-08-18Price change$1,595,000
2022-08-05Listed for sale$1,950,000
2022-05-26Sold$700,000
2022-04-24Pending sale$1,000,000
2022-03-25Listed for sale$1,000,000
2022-03-25Pending sale$1,000,000
2022-03-24Listed for sale$1,000,000
2021-01-28Listing removed--
2021-01-27Listed for sale$899,000

For Sale by Agent

AgentSTEPHEN R SIMPSON
BrokerageWilliam Raveis Real Estate

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