5500 NW 2nd Avenue # 718, Boca Raton FL 33487, BOCA RATON, FL, 33487
Active110 days on marketListed Apr 29, 2026MLS #B26022047
About this home
5500 NW 2nd Avenue # 718, Boca Raton FL 33487
Pristine and fully updated, this penthouse-level 1-bedroom plus den, 2-bathroom condo is located in the highly sought-after Boca Teeca community, offering resort-style living with a heated pool and beautifully maintained grounds. This top-floor unit includes numerous upgrades, including stainless steel appliances, granite countertops, solid wood kitchen cabinetry, porcelain tile flooring throughout, and impact-resistant windows. Enjoy abundant storage with a large walk-in closet and an additional custom-organized bedroom closet. The spacious den offers flexibility and can easily be converted into a second bedroom. Additional highlights include two built-in Murphy beds and negotiable furniture, providing a turnkey opportunity. Assigned parking and ample guest parking are available. The monthly COA fee includes cable TV with over 200 channels, high-speed internet, and water. Laundry facilities are conveniently located on each floor. Ideally situated just minutes from the beach, A-rated schools, world-class shopping, and some of Boca Raton's finest dining. The building just went through a complete upgrade with new elevators, updated lobby and pool area, parking lot re-surfaced, paint throughout, and NO ASSESSMENT WORRIES! The assessments have been paid in full! Adjacent to the former Ocean Breeze Golf Course, the property will soon benefit from an exciting new public park developed by the Boca Raton Park District, including a luxury pickleball facility. Move-in ready and an exceptional opportunity to own a top-floor condo, with fantastic views, in East Boca!
Facts & features
The home at a glance
1
Bedrooms
2
Bathrooms
1,050
Sqft
0 ac
Lot size
1970
Year built
1
Levels
$237
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$2,601 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,601/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−7.9%
$/sqft vs Boca Raton actives
$237 vs $317
Days on market
110 vs 56 typical
Where $237/sqft sits among the 400 Boca Raton actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Boca Teeca
Get to know Boca Raton. See the full Boca Raton guide →
Boca Teeca — neighborhood snapshot
Population
2,672
Median age
48
Median income
$77,545
Median home value
$242,767
Avg household
2
Households w/ children
197
For the school run
Palm Beach County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Boca Raton market
$3.6M → $710K
Boca Raton median sold, yr/yr
93.4%
Sale-to-list ratio (12 mo)
52 of 400
Boca Raton actives have cut their price
Median sold price, Boca Raton, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 34% below the BOCA RATON 33487 median. See the full Boca Raton market guide →
Paper trail
This home's history
Reality check
What actually sold near 5500 NW 2nd Avenue # 718
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$170,000
5500 NW 2nd Avenue # 120, Boca Raton FL 33487 · same community
2 bd · 2 ba · 1,050 sqft · $162/sqft · 89 DOM
Sold · Mar ’26$250,000
5500 NW 2nd Avenue # 617, Boca Raton FL 33487 · same community
2 bd · 2 ba · 1,200 sqft · $208/sqft · 138 DOM
Sold · Apr ’26$241,000
5700 NW 2nd Avenue # 410, Boca Raton FL 33487 · same community
3 bd · 2 ba · 1,200 sqft · $201/sqft · 54 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 5500 NW 2nd Avenue # 718 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5500 NW 2nd Avenue # 718 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
5500 NW 2nd Avenue # 718 FAQs
What would the monthly payment be for 5500 NW 2nd Avenue # 718, Boca Raton FL 33487?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,601/mo — principal and interest, the actual property-tax bill, the $605/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 5500 NW 2nd Avenue # 718, Boca Raton FL 33487?+
The association fee works out to $605 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 5500 NW 2nd Avenue # 718, Boca Raton FL 33487?+
The most recent tax bill on record (2025) was $3,118. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 5500 NW 2nd Avenue # 718, Boca Raton FL 33487?+
The listing reports pets: No, Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Boca Raton?+
At $249,000, this home is listed about 55% below the Boca Raton median of $549,950. The market section on this page shows how the area is trending.
Which schools are assigned to 5500 NW 2nd Avenue # 718, Boca Raton FL 33487?+
Blue Lake Elementary (elementary), Boca Raton Community High School (high), Boca Raton Community Middle School (middle), Glades Construction Academy At West Technical (high) — Palm Beach County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the BOCA RATON 33487 market on paper
$249,000 is 34% below the BOCA RATON 33487 median of $375,000, and at $237/sqft it sits under the Boca Raton average of $502.
02Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
03Know the monthly fee
The association fee is $605/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Strong assigned schools
Blue Lake Elementary, Boca Raton Community High School, Boca Raton Community Middle School, Glades Construction Academy At West Technical — Blue Lake Elementary rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
Never miss a listing
New Boca Raton homes, in your inbox
Like 5500 NW 2nd Avenue # 718, Boca Raton FL 33487 but not quite? A daily digest of every new listing in Boca Raton — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →