500 SE 5th Avenue

Boca Raton, FL 33432

$6,995,000

$1,639/ft²

3Beds

4.5Baths

4,267Sq ft

1999Year built

CondoType

About this home

Coveted center stack residence at Mizner Grand with sweeping views of Lake Boca and the Atlantic Ocean, offering exceptional scenery and a recently completed full renovation with refined finishes throughout. This beautifully redesigned residence features three spacious bedroom suites, with one currently configured as a sophisticated office, thoughtfully laid out for both privacy and comfort. The luxurious waterfront primary suite is a true private retreat, complete with dual bathrooms and a spa-like feel. Expansive living spaces, floor-to-ceiling glass, and a seamless indoor-outdoor flow capture the essence of premier waterfront living in one of Boca Raton's most sought-after luxury buildings in a prime location on the grounds of The Boca Raton. Residents enjoy five-star amenities including concierge and valet, two waterfront resort-style pools, state-of-the-art fitness centers complete with sauna, steam, and spa facilities, and elegant social rooms. DISCLAIMER: 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. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. "No payments made until title passes" Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2026 by the listing company. All Rights Reserved.

Features

Waterfront
Private pool

Property details

Listing

MLS #: B26057616
Status: For sale
Listed on: Jul 28, 2026
Days on market: 13 days
Listing data updated: Aug 5, 2026

Interior

Beds: 3
Baths: 4.5
Living area: 4,267 ft²
Price per ft²: $1,639/ft²
Unit: 701-S

Building & community

Type: Condo
Year built: 1999
HOA fee: $5,399/mo
County: Palm Beach

Lot & exterior

Waterfront: Yes
Private pool: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $35,371
Property taxes (est.): $6,413
Home insurance (est.): $600
Flood insurance (est.): —
HOA fee: $5,399

Estimated total$47,783*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?