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.
CondoProperty Type
1971Year Built
$330Price/Sq.Ft.
$578/moHOA Dues
2 car garageParking
Listed by Marcelo Olsak• Florida Brokers Real Estate
Southeast Boca Raton, located between Downtown Boca Raton and the Atlantic Ocean, is a coastal and residential Boca Raton neighborhood with palm-lined streets and low-rise waterfront scenery. The neighborhood’s character concentrates around Mizner Park, where sidewalk dining, galleries, and polished storefronts set a social, walkable rhythm. Architectural cues lean Mediterranean Revival and contemporary townhomes, with pockets of canal-front homes near the Intracoastal Waterway. Cultural touchstones include the Boca Raton Museum of Art and the Mizner Park Amphitheater for exhibitions and outdoor performances. Spanish River Park and South Beach Park frame the shoreline with dunes, picnic areas, and wide sand. The Boca Raton Resort & Club adds a landmark silhouette along the water.
Provided by Walk Score and Local Logic
Offer insights
500 SW 2nd Ave #2150 · $169,000
$166K and above
75% chance or better to win
Why $166K+ is a strong offer
DAYS ON MARKET
136 days
The average home goes pending in 105 days.
SALE-TO-LIST
93.7%
Most homes are selling 6% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Interior features
Other
Bathrooms
1 full bathroom
Heating & cooling
Central heating
Central air conditioning
Home design
2-story building
Entry located on level 2
Parking
2-car garage
2 covered parking spaces
Construction
Resale property (previously owned)
HOA & community
Monthly association fee of $578
Other
Pets not allowed
Electricity and solar
View estimated energy costs and solar savings for this home
* * GREAT FOR INVESTOR CAN BE RENT FOR $1100 PER MONTH * * BEAUTIFUL CONDO 1/1 IN DOWNTOWN BOCA RATON , BEAUTIFUL CONDO , UPGRADED WITH A LOT OF LIGHT, SPACIOUS, PERFECT FOR INVESTMENT OR OWN HOME , NEAR RESTAURANTS AND SHOPPING CENTERS.
Beaches MLS #R10137802
Jul 6, 2015
Pending
—
Jul 6, 2015
Sold
$51,200
$100/sq ft
Jun 10, 2015
Contingent
—
May 20, 2015
Listed
$55,000
$107/sq ft
+6
Institutional owned REO, WOW the lowest priced condo in all of downtown Boca Raton. Priced way below market for super-fast sale. This second floor unit is near Mizner Park and The Pink Plaza with shops, restaurants, entertainment, beaches and near FAU. All great Boca schools nearby. Tile and laminate floors throughout, accordion shutters, extra storage and laundry room right next door, nice floor plan. Boca Towne Centre has a community pool. Why live anywhere else when you can live in Boca for so cheap. Property is being sold for cash only in its present ''as-is'' condition. Leasing is allowed only 1-time in any 12-month period.
Public Records
Nov 29, 2006
Sold
$120,000
$234/sq ft
Public Records
Sep 11, 1996
Sold
$30,000
$59/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,799 (−12.1%)
$90,000
2024
$2,047 (+5.2%)
2023
$1,946 (+6.2%)
2022
$1,833 (+17.5%)
2021
$1,559 (+4.3%)
$73,000
2020
$1,495 (+3.0%)
$69,500
2019
$1,451 (+23.6%)
$69,500
2018
$1,174 (+4.3%)
$53,000
2017
$1,125 (+4.1%)
$50,000
2016
$1,081 (+35.5%)
$47,500
2015
$798 (+10.5%)
2014
$722 (+7.4%)
2013
$672 (+5.1%)
2012
$640 (+257.3%)
2011
$179
Public record
Beds
1
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
512
Unfinished Sq. Ft.
—
Total Sq. Ft.
512
Year built
1971
Style
Condo/Co-op
County
Palm Beach County
APN
06434730270022150
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 106° expected this year, 27 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Boca Raton, FL • 33432
Average low and high temperatures (°F)
74
61
76
63
79
67
81
73
86
77
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79
90
80
91
79
89
78
84
76
81
70
78
67
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
99/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 9% for direct sun exposure in Boca Raton. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.7 hrs
8.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 500 SW 2nd Ave #2150
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $152,000 and $325,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $152K to $325K.