This home's estimate is 10.4% higher than the average sale price ($893K) of 6 comparable homes.
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501 NE 16th St, Boca Raton, FL 33432
About this home
Rarely available corner duplex overlooking Lake Wyman Park at your front door!! Highly desirable prime location in East Boca Raton. Minutes from gorgeous beaches, Intracoastal Waterway, Silver Palm Park on the Intracoastal offers public but permit-required boat launch, Downtown Boca, restaurants and shopping. Great investment opportunity East of US-1. Ideal for two families or live in one and lease the other. Both units offer 2BD, 2BA, eat-in kitchen, laundry room, large covered screened patio plus hurricane impact windows, new roof and Xeriscape landscaped style for water conservation!! Both tenants have been in residence for 15 years.
Redfin Estimate
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Market trends in 33432, FL
Last updated August 2026
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Provided by Redfin
Sale history for 501 NE 16th St
$2/sq ft
$2/sq ft
$2/sq ft
$446/sq ft
$461/sq ft
$461/sq ft
Tax history for 501 NE 16th St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Interior
- Virtual Tour Information
- Bathroom Information
- Bathrooms Total Integer: 4
- Interior Features
- Flooring: Carpet, Ceramic Tile, Laminate, Tile
- Window Features: Storm Window(s), Sliding
- Multi-Family Financial Information
- # of Units Total: 2
- Gross Income: $48,000
- Net Operating Income: $28,000
- Tenant Pays: Cable TV, Electricity, Water
- Number Of Units In Community: 2
Exterior
- Building Information
- Builder Name: Other
- Building Area Total: 2,438
- Building Area Source: Public Records
- Construction Materials: CBS
- Exterior Features
- Patio And Porch Features: Patio - Covered, Porch - Screened, Patio, Porch
- Roof: Composition
- Property Information
- Property Sub Type: Duplex
- Property Condition: Resale
- Living Area: 1,983
- Road Frontage Type: Public Road, East of US-1
- Lot Information
- Lot Size Dimensions: Corner Lot. 0.1861 acres / 8,106 sf
- Lot Features: Corner Lot
- Road Surface Type: Paved
- Waterfront YN: No
- Waterfront Features: None
Financial
- Tax Information
- Tax Annual Amount: $7,979.20
- Tax Year: 2022
- Parcel Number: 06434717080000250
Utilities
- Utility Information
- Water Source: Public
- Electric: Three Phase
- Sewer: Public Sewer
- Utilities: Cable Available, Sewer Available, Water Available
- Heating & Cooling
- Has Heating
- Heating: Central, Electric
- Has Cooling
- Cooling: Central Air, Electric, Paddle Fan(s)
Location
- HOA Information
- Association Amenities: None
- School Information
- Elementary School: Boca Raton
- Middle Or Junior School: Boca Raton Community
- High School: Boca Raton
- Location Information
- Directions: Palmetto Park Road, East of Federal Hwy (US-1). North on 5Th Avenue, right on 16Th Street. Property on the NE corner.
Public facts
- Beds: —
- Baths: 4.0
- Sq. Ft.: 1,783
- Stories: 1.0
- Lot Size: 8,106 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1975
- Year Renovated: 1997
- County: Palm Beach County
- APN: 06434717080000250
Other
- Listing Date Information
- Start Showing Date: 2023-11-30
Around this home
Schools
Public PreK-5 • Assigned • 1.4mi
Public 6-8 • Assigned • 2.2mi
Public 9-12 • Assigned • 2.4mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Estimated 11-17% chance of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 106° expected this year, 27 days in 30 years
99% chance of strong winds in next 30 years
2 unhealthy days expected this year, 3 days in 30 years
Sun exposure
In this area, properties receive around 9.2 hours in June and 6.9 hours in December, placing it above the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 33432
Home values near 501 NE 16th St
| Address | Redfin Estimate |
|---|---|
- Beds | 2 Baths | 2167 Sq. Ft. | $961,244 |
4 Beds | 2 Baths | 1676 Sq. Ft. | $941,088 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 1917 Sq. Ft. | $969,358 |
3 Beds | 3 Baths | 1917 Sq. Ft. | $1,219,998 |
| Address | Redfin Estimate |
|---|---|
5 Beds | 4 Baths | 4262 Sq. Ft. | $1,757,999 |
3 Beds | 2 Baths | 1981 Sq. Ft. | $1,078,442 |
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