5611600 S DIXIE Highway BLDG&CONDOS, Boca Raton, FL 33432
$2,000,000
Property Type:
Commercial Sale
Square Footage:
27,579
Status:
Closed
Current Price:
$2,000,000
List Date:
4/09/2008
Last Modified:
1/13/2026
Description
LIMITED TIME OFFER ONLY. PRICE REDUCED FOR QUICK SALE. UNIQUE OPPORTUNITY TO OWN MAJORITY OF OFFICE CONDOS IN THREE PRIME OFFICE BUILIDNGS IN EAST BOCA RATON FOR ONLY $2,500,000. ENTIRE HOLDING OF OFFICE CONDOS, MEASURING APX 27,579 SF, FOR SALE FOR ONLY $2,500,000; GREAT LOCATION OPPOSITE ROYAL PALM YACHT & COUNTRY CLUB (LISTED ON FORBES.COM AS MOST EXPENSIVE GATED COMMUNITY IN AMERICA); PERFECT FOR OWNER-USERS AND/OR INVESTORS; TREMENDOUS UPSIDE POTENTIAL AS CURRENT RENT IS BELOW MARKET; MEDICAL USES MAY BE POSSIBLE WITH NECESSARY APPROVALS; ASSUMABLE FINANCING AND/OR SELLER FINANCING WILL BE CONSIDERED.
More Information MLS# R2914536
Contract Information
Comp Sale YN: No
Listing Contract Date: 2008-04-09
Status: Closed
Original List Price: 8000000
Sold Price: $2,000,000
Current Price: $2,000,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Boca Raton
Postal Code: 33432
Geographic Area: PB02
Property Description: ROYAL PALM TOWERS PR
Country: United States
Street Number: 1600
Street Direction Prefix: S
Street Name: DIXIE
Street Suffix: Highway
Unit Number: BLDG&CONDOS
State Or Province: FL
Area: 4270
Parcel Number: 06434731120030011
Zoning: OFFICE
Directions: EAST SIDE OF DIXIE HWY, S OF CAMINO REAL, W OF ROYAL PALM YACHT & CC
General Property Information
Stories: 5
Building Area Main: 27579
Year Built: 1983
Remarks and Miscellaneous
Public Historical Remarks: Building Type: Y
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Assumed
Major Change Timestamp: 2008-11-18T19:22:00Z
Major Change Type: Price Change
Price Change Timestamp: 2008-11-18T19:22:00Z
Status Change Date: 2009-03-21
Under Contract Date: 2008-12-02
Close Date: 2009-03-20
Close Price: 2000000
Electric
Separate Meters: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Property Condition
Resale: 1
Documents Available
Books & Records: 1
Bylaws & Documents: 1
Copy Of Lease(s): 1
Deed: 1
Owner Managed: 1
Meter Information
Number Of Meters Total: 11
Structure Type
Office: 1
Location of Property
Beach Access: 1
Central Business District: 1
City Location: 1
County Location: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Sewer
Public Sewer: 1
Special Information
City Jurisdiction: 1
Deed Restrictions: 1
Building and Property Details
# Of Tenants: 50
# Of Toilets: 11
% Air Conditioned: 100
Maximum Ceiling Height: 12
Business Type
Commercial: 1
Professional/Office: 1
Residential: 1
Distance To Information
Miles to Beach: 5
Miles to Expressway: 5
Heating
Central: 1
Electric: 1
Sale Includes
Building: 1
Fixtures: 1
Land: 1
Machinery: 1
Signs: 1
Listing Terms
Assumable: 1
Cash: 1
Conventional: 1
Owner May Carry: 1
Owner Will Carry: 1
Roof
Other: 1
Security Features
Fire Alarm: 1
Fire Sprinkler System: 1
Smoke Detector(s): 1
Water Source
Public: 1
Income and Expenses
Utilities Expense: 5000
Vacancy Allowance Rate: 10
Insurance Expense: 25000
Maintenance Expense: 10000
Net Operating Income: 560000
Operating Expense: 185000
Other Expense: 20000
Professional Management Expense: 10000
Source Of Expenses
Owner Provided: 1
Cooling
Central Air: 1
Electric: 1
Showing Requirements
Appointment Only: 1
Call Listing Office: 1
Occupied: 1
Price Calculations
Current Price To SqFt: 72.51
Original List Price To Close Price: 4
Financial Information
Tax Annual Amount: 100000
Tax Year: 2007
Tax Legal Description: Royal Palm Towers Condo Lot: Blk: Lot SqFt: Frontage: Depth:
Originating Details
Originating System Key: 20130215221608444683000000
Originating System ID: M00000170
Property Features
Business Type: Commercial; Professional/Office; Residential
Documents Available: Books & Records; Bylaws & Documents; Copy Of Lease(s); Deed; Owner Managed
Electric: Separate Meters
Flooring: Carpet; Ceramic Tile
Heating: Central; Electric
Location of Property: Beach Access; Central Business District; City Location; County Location
Possession: Close Of Escrow; Negotiable
Property Condition: Resale
Sale Includes: Building; Fixtures; Land; Machinery; Signs
Source Of Expenses: Owner Provided
Cooling: Central Air
Listing Terms: Assumable; Cash; Conventional; Owner May Carry; Owner Will Carry
Roof: Other
Security Features: Fire Alarm; Fire Sprinkler System; Smoke Detector(s)
Sewer: Public Sewer
Special Information: City Jurisdiction; Deed Restrictions
Structure Type: Office
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Office; Occupied
Listing Office:
West Real Estate Inc.
Last Updated: January - 13 - 2026
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