Boca Raton

Boca Raton spans a wide price range. Entry-level single-family homes in western communities start in the mid-to-upper $500,000s. Move-up neighborhoods with strong school assignments range from the $700,000s into the low millions. Waterfront estates and properties in communities like Royal Palm Yacht and Country Club regularly trade well above $2 million. Condominiums range from more accessible mid-rise units to ultra-luxury high-rise residences along the coast. The right range for you depends on the specific area, school zone, and amenity set you are targeting. Reach out and we can run a current market analysis for the neighborhoods that fit your priorities.

Boca Raton is served by the Palm Beach County School District and includes a number of schools that consistently receive high state grades. Western Boca communities are particularly sought after by families because of their school assignments. That said, school zoning is determined by the district and can change. Always verify current school assignments directly with the Palm Beach County School District before making a purchase decision based on a specific school.

Most communities in Boca Raton are governed by homeowners associations. Many of the more prestigious ones also require mandatory country club memberships with initiation fees and monthly dues that can add hundreds to thousands of dollars per month to your carrying costs. Before making an offer in any gated or club community, get the full picture on HOA dues, special assessments, membership initiation fees, and any capital contribution requirements at closing. We walk buyers through all of this upfront so there are no surprises.

Florida SB 4D, which took effect in 2022 and was expanded in 2023, introduced structural inspection and reserve funding requirements for condominium buildings three stories or taller. Boca Raton has significant condo inventory from the 1970s, 1980s, and 1990s that is working through milestone inspections and reserve study updates. Before purchasing a condo in an older Boca Raton building, review the most recent milestone inspection report, the structural integrity reserve study, current reserve funding levels, and any pending special assessments. Buildings with deferred maintenance may face significant one-time assessments as they come into compliance. This requires thorough due diligence with a knowledgeable broker and a real estate attorney before closing.

Yes. Boca Raton has a significant number of age-restricted communities including Century Village Boca Raton, portions of Broken Sound Club, and others. These communities are governed by the Housing for Older Persons Act (HOPA), which permits age restrictions provided at least 80 percent of occupied units are occupied by at least one person 55 or older and the community maintains proper age verification procedures. HOPA communities are a legal carve-out from the Fair Housing Act's general prohibition on familial status discrimination. Buyers considering these communities should confirm current HOPA compliance status directly with the HOA prior to purchase.

FIRPTA, the Foreign Investment in Real Property Tax Act, applies to the seller of a property, not the buyer. However, as a buyer you have a legal obligation under FIRPTA to withhold a percentage of the purchase price at closing if the seller is a foreign person or entity and no exemption applies. Failure to withhold when required can result in the buyer becoming liable for the tax. This is a federal tax matter with nuances based on purchase price, intended use, and seller status. Always consult a qualified tax professional or real estate attorney familiar with FIRPTA before closing.

Boca Raton is in Palm Beach County, where the buyer typically pays for the owner's title insurance policy. This differs from Broward County custom, where the seller pays. Buyers relocating from Broward or unfamiliar with Palm Beach County norms should plan for this cost. Confirm the agreed-upon arrangement in your contract before closing.

Broker-Owner Reinaldo Gonzalez has been active in South Florida real estate for 24 years, working with buyers and sellers across Palm Beach County including Boca Raton. He understands the nuances between east and west Boca, the cost structure of club communities, and how to navigate due diligence on both single-family homes and condominiums subject to SB 4D requirements. InvesTeam Realty serves all buyers and sellers equally in full compliance with federal and Florida fair housing laws. Equal Housing Opportunity.