550 SE Mizner Boulevard

Boca Raton, FL 33432

$1,049,000

$664/ft²

1Beds

2Baths

1,580Sq ft

2003Year built

CondoType

About this home

Welcome to Townsend Place, one of Downtown Boca Raton's most prestigious and discrete condominium buildings where elegance meets convenience. Surrounded by tropical landscape you can enjoy resort style living at its finest . This spacious (almost 1600 SF + patio!) condo boasts 1 bedroom and 2 FULL bathrooms with expansive terrace overlooking the pool and golf course. Both Living and BR have access to the oversized terrace. $300k+ remodeling job w/high ceilings, two new bathrooms and kitchen. Custom cabinets, built ins and crown molding throughout make this unit feel like a home, not a condo. Two oversized walk-in closets. Hurricane impact windows. Townsend Place has full-service staff including valet and concierge team providing a five-star resort experience that rivals most luxury hotels. New lobby, 2 fitness centers, new resort quality saltwater pool, hot tub, kiddie pool. Party room, newly renovated clubhouses with card rooms and billiards perfect for entertaining. Walking distance to the beach ,and some of the best shops and restaurants in the world. BBQs, fitness centers, saunas, steam rooms, dog parks, game room, and newly renovated club rooms-- Ideally situated between the famed Boca Raton Resort and the vibrant Royal Palm Plaza shopping area. Just steps to Mizner Park, fine dining and the beach. Building has 10 EV chargers for residents. This is one of the premiere luxury downtown condominium developments in East Boca Raton known for its first class location, tremendous views, and upscale amenities. Townsend Place has undergone a complete transformation over the past two years renovating and beautifying all of the common elements throughout each building inclusive of exterior work, interior lobbies, and all amenities. All furniture negotiable. Title held in LLC-perfect for 1031 exchange investors. No doc required, assumable $650k mortgage at 6.88%, 20 year rate lock, monthly payments $4700. Owner will consider a lease with option to own.

Features

Private pool

Property details

Listing

MLS #: F10526911
Status: For sale
Listed on: Sep 16, 2025
Days on market: 328 days
Listing data updated: Jul 20, 2026

Interior

Beds: 1
Baths: 2
Living area: 1,580 ft²
Price per ft²: $664/ft²
Unit: B209

Building & community

Type: Condo
Year built: 2003
HOA fee: $1,890/mo
County: Palm Beach

Lot & exterior

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): $5,304
Property taxes (est.): $962
Home insurance (est.): $600
Flood insurance (est.): —
HOA fee: $1,890

Estimated total$8,756*/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?