Property in Boca Raton, FL
Understand Property and Buying a Home in Boca Raton
- Population: 84,000
- Condo: $123,000 – $7.9m
- Family home: $500,000 – $11.9m
- Waterfront: $400,000 – $11.9m
- Investment Potential rating: ***
- Nearest international Airport: Fort Lauderdale- Hollywood International Airport, 19.45 miles
Boca Raton lies in the heart of Florida’s Gold Coast and in Palm Beach County. It has something to suit everyone looking for the resort lifestyle, fine restaurants, world class golf courses, and great beaches. In addition, high end shopping boutiques, excellent museums and specialty shops can be found all over the city.
This is truly gated community heaven, with three of the most expensive gated communities in the U.S. located in the city. Created in large part by Addison Mizner in the early part of the 20th Century, the city was planned from the outset as a playground for the rich and the fabulous, and has largely succeeded in fulfilling its aim.
It boasts 44 parks, and 20 golf courses. Wealth abounds, and beautiful property and communities surround the water, the golf courses and the downtown areas.
Boca Raton Property Market Summary
Again, in Boca Raton the real estate market revolves around the condo market. It’s possible to get a simple pool resort condo for around $120,000, but really for a decent family condo close to the beach you would need to spend at least $300,000 and for ocean views at least $380,000.
There is a lot more choice for waterfront condos in the $500,000 upwards range. There aren’t really many single family homes in Boca Raton under $500,000. This is a competitive and expensive market and those on budgets under half a million would be almost certainly confined to the condo market. Beachfront homes are obviously only available in the upper reaches of $6 million or so plus.