David Ramirez
$5,599,000$6,999,0004 bd4.5 ba4,312 sqft$1,298 /sqft$43,224 /mo all-in ↓

1500 S Ocean Boulevard, Boca Raton FL 33432, BOCA RATON, FL, 33432

Active344 days on marketListed Sep 4, 2025MLS #R11121059

Reduced $1.4MWaterfrontPrivate poolCondominiumAddison

About this home

1500 S Ocean Boulevard, Boca Raton FL 33432

S-1603/04 is an oceanfront, double penthouse offering a lifestyle defined by sophistication, luxury and a connection to the sea. From the moment you step inside, the panoramic ocean views take center stage. Floor-to-ceiling glass invite natural light to fill the interior, while expansive balconies create seamless indoor-outdoor living. Whether enjoying morning coffee as the sun rises over the Atlantic or hosting sunset gatherings with friends, every moment is framed by the beauty of the shoreline. Renovated by renowned designer Louis Schuster, the spacious open-concept residence boasts over 4,300 living sq ft, anchored by a beautiful kitchen with premium appliances, elegant living and dining areas and multiple spaces for relaxation or entertaining. The primary suite is a private retreat, complete with a spa-inspired bathroom, oversized closets and a private balcony with endless ocean vistas. Three additional suites offer space for family and guests; each with a gorgeous ensuite bath. A bonus room/ flex space is perfect for a fitness room or office. The interior features continue with nine-foot ceilings, custom wood details, electric window shades, designer lighting and impact glass throughout. Beyond the residence's interior, S-1603/04 comes with a private oceanfront cabana, offering convenience and privacy just steps to the sand; as well as two private penthouse parking spaces. Perfectly situated on the shores of Boca Raton, S-1603/04 is just minutes from 5-star dining, upscale shopping, championship golf, and vibrant cultural experiences yet feels worlds away, with the ocean as your backdrop. Wake each morning to the sound of waves and endless shades of blue stretching beyond your windows. Here, every day feels like a vacation, and every window offers a reminder of why oceanfront living is truly extraordinary. The Addison On The Ocean is an exclusive oceanfront condominium on the sparkling shore of Boca Raton, Florida. This opulent condominium offers resort-style living for just 169 luxurious residences. Each residence features immense square footage and panoramic vistas of the turquoise Atlantic ocean. The Addison On The Ocean welcomes you with dramatic porte-cochere entries with stunning water features, designer landscaping and premier valet service. Upon entering the lobby, you are greeted by stunning interior design elements and a backdrop of the glistening ocean. This concierge building features all the lavish amenities one would expect in a 5-star resort. Few condominiums offer dining, The Addison On The Ocean offers dining in the completely renovated restaurant as well as, Al Fresco options on the pool deck, gazebo or while lounging on the ocean. Residents may also gather and entertain in the fully renovated social room. The impeccable food service includes breakfast, lunch, take-out dinners and private event catering. The Addison On The Ocean embodies the essence of first class living, including on-site management, 24-hour maintenance and in-house concierge. The stress-free lifestyle is enriched by conveniences that may be arranged by the concierge; including housekeeping, automobile care and transportation services. The 24-hour security team utilizes state of the art communication, while the grounds are monitored with vast video surveillance coverage. BuildingLink technology enables residents, management and staff to interact in real time. The innovations continue with newly installed electric vehicle charging stations. Health and self-care are of the utmost importance and The Addison On The Ocean embraces a healthy lifestyle with fully renovated wellness areas, including five fitness centers, saunas, steam rooms and massage services. There are an array of recreational facilities including a dog park, aquatic therapy, water aerobics, basketball, volleyball, kayaks, bicycles, paddle boards, ping-pong, billiards, arcade games, a library/business center and a gorgeous social hall. This one-of-a-kind property continues to impress with its luxurious outdoor spaces. These spaces include two completely renovated pools, all new decking, a fabulous al fresco liquor lounge, custom fire-pits and waterfall features. The Addison On The Ocean is appointed with only the finest trimmings and ultra-luxury amenities, it is Boca Raton's most exclusive oceanfront address. 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.

Facts & features

The home at a glance

4

Bedrooms

4.5

Bathrooms

4,312

Sqft

0 ac

Lot size

2

Garage

1986

Year built

$1,298

Per sqft

Private poolWaterfrontOcean & Direct Ocean & Ocean View viewPets allowed

Inside

FlooringCarpet
AppliancesDishwasher · Disposal · Dryer · Free-Standing Freezer · Ice Maker · Microwave · Refrigerator · Self Cleaning Oven · Wall Oven · Washer
InteriorFire Sprinklers · Entrance Foyer · Walk-In Closet(s) · Den/Library/Office · Storage · Utility Room/Laundry
LaundryLaundry Room · Utility Room/Laundry
CoolingCentral Air
HeatingCentral

Outside & construction

ConstructionConcrete Block Construction
ViewOcean · Direct Ocean · Ocean View
FacesWest
Parking2 Or More Spaces · Assigned · Parking Garage
ExteriorEast Of Us1 · Balcony

Community & fees

HOA fee$8,156/mo
Taxes (2025)$31,154/yr
PetsYes
CommunityExercise Room · Game Room · Management On Site · Mandatory Hoa · Picnic Area · Pool · Sauna · Security Patrol · Sidewalks · Spa/Hot Tub · Street Lights · Whirlpool

Utilities & systems

UtilitiesWater Connected · Water Available
WaterPublic

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.

$43,224 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$30,212
PMI (est., until 20% equity)$2,100
Property tax — 2025 actual bill$2,596
Condo fee — from the listing$8,156
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $559,900Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $559,900
Interest rate6.00%
Loan term

Estimated payment

$43,224/mo

Principal & interest$30,212
PMI (est., until 20% equity)$2,100
Property taxes (actual bill)$2,596
HOA / condo fee$8,156
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. 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.

$/sqft vs Boca Raton actives

$1,298 vs $321

Days on market

344 vs 56 typical

Where $1,298/sqft sits among the 400 Boca Raton actives

227
77
36
19
14
27 · this home
$141–360$360–578$578–797$797–1015$1015–1234$1234+

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 Raton

Map of 1500 S Ocean Boulevard, Boca Raton FL 33432

Get to know Boca Raton. See the full Boca Raton guide →

The numbers that matter

The Boca Raton market

Seller’s marketLeans buyer9.1 months of inventoryBuyer’s 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 918% above the Boca Raton median. See the full Boca Raton market guide →

Paper trail

This home's history

CurrentPrice reduced to $5,599,000 $1.4M
Sep 4, 2025Listed at $6,999,000 · 344 days on market since
1986Built · Addison

Reality check

What actually sold near 1500 S Ocean Boulevard

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

1400 S Ocean Boulevard # 605, Boca Raton FL 33432Sold · Feb ’26

$3,500,000

1400 S Ocean Boulevard # 605, Boca Raton FL 33432 · same community

3 bd · 3 ba · 2,792 sqft · $1,254/sqft · 25 DOM

432 E Alexander Palm Road, Boca Raton FL 33432Sold · Jul ’26

$14,500,000

432 E Alexander Palm Road, Boca Raton FL 33432

4 bd · 3 ba · 4,318 sqft · $3,358/sqft · 1 DOM

159 W Coconut Palm Road, Boca Raton FL 33432Sold · Jul ’26

$8,500,000

159 W Coconut Palm Road, Boca Raton FL 33432

4 bd · 4.5 ba · 4,412 sqft · $1,927/sqft · 231 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.

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 1500 S Ocean Boulevard — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 1500 S Ocean Boulevard — 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.

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Straight answers

1500 S Ocean Boulevard FAQs

What would the monthly payment be for 1500 S Ocean Boulevard, Boca Raton FL 33432?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $43,224/mo — principal and interest, the actual property-tax bill, the $8,156/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 1500 S Ocean Boulevard, Boca Raton FL 33432?+

The association fee works out to $8,156 per month. Ask us for the full association documents — they spell out exactly what the fee covers.

What are the property taxes on 1500 S Ocean Boulevard, Boca Raton FL 33432?+

The most recent tax bill on record (2025) was $31,154. 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 1500 S Ocean Boulevard, Boca Raton FL 33432?+

The listing reports pets: 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 $5,599,000, this home is listed about 918% above the Boca Raton median of $549,900. The market section on this page shows how the area is trending.

The brief

Five things that matter here

01Positioned at the premium end

$5,599,000 runs 918% above the Boca Raton median — but at 4,312 sqft it's also nearly 3 times the size of the typical Boca Raton listing.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Know the monthly fee

The association fee is $8,156/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.

04Time on market is leverage

344 days on market against a Boca Raton median of 56 — sellers in this position are usually ready to negotiate.

05The price has already moved

Listed at $6,999,000, now $5,599,000 — a $1.4M cut. The full history is in the market section below.

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®.

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