550 SE 5th Avenue 203s, Boca Raton, FL 33432

$5,500,000
Property Type: Residential Bedrooms: 4 Baths: 6 Square Footage: 6,418 Status: Closed
Current Price: $5,500,000 List Date: 2/01/2025 Last Modified: 1/10/2026

Description

MIZNER GRAND - Exceptional Super-Sized, CENTER-STACK residence, located at 550 SE 5th Avenue, #203S, on the grounds of The Boca Raton Resort and Club, affords breathtaking panoramic 180-degree EAST EXPOSURE views of Lake Boca and the Intracoastal Waterway, visible from the Kitchen, Breakfast Area, Oversized Double Den, Living Room, and Primary Suite. At 5,835 sq. ft. this expansive residence includes 4 Bedrooms + Media Room + 5.5 Bathrooms and features direct access from the lobby or elevator to the unit owner's private exclusive use entrance foyer and features high ceilings and full-impact windows and doors throughout.

Supplements: Mizner Grand is situated on nearly 800 feet of Intracoastal frontage and is surrounded by beautifully landscaped grounds, creating an oasis of tranquility. Residents enjoy access to all-new, first-class services & amenities, including 2 newly renovated pools, 2 fully appointed gyms for aerobics and weight training, and locker rooms with hot / cold whirlpools, sauna, and showers. Two card rooms and club rooms equipped with wet bars offering complimentary coffee and light snacks throughout the day by café attendants. Additionally, Mizner Grand features double-gated "armed" security within the already secure Mizner Village community, providing peace of mind, a full-service concierge, multiple parking valet stations and professional on-site management. Secure garage parking for 2 cars is included. Located directly adjacent and a 2-minute walk to The Boca Raton Resort & Club (separate membership required), and nearby fine dining and shopping options, this residence is perfectly positioned for a lifestyle of luxury and convenience. Mizner Grand is currently in the finishing stages of a $40+ million renovation of its common areas, set to be completed in mid-2025, ensuring that this property will continue to offer unparalleled luxury for years to come. Seller has paid all assessments in full.

More Information MLS# R11058223

Contract Information

Comp Sale YN: No Negotiable Seller Concessions YN: No Listing Contract Date: 2025-02-01 Status: Closed Original List Price: 6750000 Sold Price: $5,500,000 Current Price: $5,500,000

Location and Legal

County Or Parish: Palm Beach County Parish Name: Palm Beach City Name: Boca Raton Postal Zip: 33432 Development Name: MIZNER GRAND CONDO Geographic Area: PB02 Multiple Offers Accepted: Yes Special Assessment YN: No Building Name: 550 Country: United States Street Number: 550 Street Direction Prefix: SE Street Name: 5th Street Suffix: Avenue Unit Number: 203s State Or Province: FL Postal Code: 33432 Subdivision Name: MIZNER GRAND CONDO Area: 4260 Parcel Number: 06434729500020203 Zoning: R5(cit Directions: Palmetto Park Rd. > South on 5th Ave.to Mizner Village Security Gate > Straight to Mizner Grand Security Gate > Guard will direct you to SOUTH Parking Valet > Valet will escort you to the Elevator

General Property Information

Number Of Units In Community: 138 Total Units In Building: 138 Unit Floor #: 2 Living Area Main: 5835 Gated Community YN: Yes Senior Community YN: No Outdoor Living Spaces YN: Yes Furnished: Unfurnished Stories Total: 11 Pool Private YN: No Spa YN: No Year Roof Installed: 2024 Property Sub Type: Condominium Bedrooms Total: 4 Bathrooms Total: 6 Bathrooms Full: 5 Bathrooms Half: 1 Building Area Main: 6418 Building Area Source: Plans Year Built: 1999 Garage YN: 1 Garage Spaces: 2 Covered Spaces: 2 Frontage Length: 800 Waterfront YN: 1 Direction Faces: East

Financial Information

Association Deposit YN: No Application Required YN: Yes Association Membership: Mandatory Association Phone: 561-362-7961 Association Website: www.miznergrandflorida.com Membership Fee Required YN: No Association YN: 1 Association Fee: 6684.49 Association Fee Frequency: Monthly Tax Annual Amount: 62167.2 Tax Year: 2024 Tax Legal Description: MIZNER GRAND COND UNIT SOUTH 203

Office/Member Information

DXORIGMLSID: RML

Status Change Information

Buyer Financing: Cash Major Change Timestamp: 2025-07-15T17:58:49Z Major Change Type: Status Change Price Change Timestamp: 2025-03-28T14:33:53Z Status Change Date: 2025-07-15 Under Contract Date: 2025-05-02 Close Date: 2025-07-15 Close Price: 5500000

Application Fee Details

Application Fee Required: Yes Application Fee: 150

Application Information

Personal Interview Required: 1

Amenities

Bike Storage: 1 Cafe/Restaurant: 1 Community Room: 1 Elevator(s): 1 Fitness Center: 1 Game Room: 1 Internet Included: 1 Library: 1 Parking: 1 Pool: 1 Sauna: 1 Sidewalks: 1 Spa/Hot Tub: 1 Storage: 1 Trash Chute: 1

Association Fee Includes

Common Areas: 1 Elevator: 1 Insurance: 1 Maintenance Grounds: 1 Pest Control: 1 Security: 1 Sewer: 1 Trash: 1 Water: 1

Dining Area

Breakfast Area: 1 Formal Dining: 1

Electric

Three Phase: 1

Fireplace Features

Decorative: 1

Flooring

Marble: 1

Parking Features

Assigned: 1 Covered: 1 Guest: 1 Garage: 1

Property Condition

Resale: 1

Short Sale Details

Short Sale Addendum: No

Possession

Close Of Escrow: 1

Sewer

Public Sewer: 1

Utilities

Sewer Available: 1 Water Available: 1

View

Pool: 1

Heating

Central: 1 Electric: 1

Leasing Restrictions

Leasing - Max Times Per Year: 1 Leasing - Minimum Number of Days: 183

Water View

Intracoastal: 1 Lake: 1

Appliances

Dishwasher: 1 Dryer: 1 Electric Range: 1 Microwave: 1 Oven: 1 Refrigerator: 1 Washer: 1

Construction Materials

CBS: 1 Concrete: 1

Interior Features

Bar: 1 Built-in Features: 1 Entrance Foyer: 1 Kitchen Island: 1 Pantry: 1 Roman Tub: 1 Storage: 1 Walk-In Closet(s): 1 Wet Bar: 1

Laundry Features

Inside: 1 Laundry Closet: 1

Listing Terms

Cash: 1 Conventional: 1

Security Features

Closed Circuit Camera(s): 1 Entry - Phone/Intercom: 1 Fire Sprinkler System: 1 Gated with Guard: 1 Lobby - Attended: 1 Security Guard: 1 Security Lights: 1 Security Patrol: 1 Security System: 1 Security System Owned: 1

Water Source

Public: 1

Waterfront Features

Intracoastal: 1 Lake Front: 1

Boat and Dock Information

Dock Details: N

Capital Contributions

Capital Contributions YN: Yes Capital Contributions Amount: 33422

Cooling

Central Air: 1 Central Individual: 1

Association Type

Condominium: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1 Schedule Online: 1 Text Listing Agent: 1

Main Level Rooms

Main Level Bathrooms: 6 Main Level Bedrooms: 4

Master Bedroom/Bath

Bidet: 1 Dual Sinks: 1

Pets Allowed YN

Yes: 1

Pets Allowed

Number Limit: 1

Pet Details

Maximum Number Of Pets: 2 Total Weight Limit (Pets): 70

Restrictions

Buyer Approval Required: 1

Other Leasing Restrictions

Tenant Approval: 1

Storm Protection

Impact Glass: Complete

Tax Information

No Homestead: 1

Showing Details

Pet(s) on Premises: No

Outdoor Living Spaces

Balcony: 1

Contingencies

None: 1

Room Types

Bedroom 2: 1 Bedroom 2 Level: Main Bedroom 3: 1 Bedroom 3 Level: Main Bedroom 4: 1 Bedroom 4 Level: Main Den: 1 Dining Room: 1 Dining Room Level: Main Family Room: 1 Great Room: 1 Kitchen: 1 Kitchen Level: Main Laundry: 1 Living Room: 1 Living Room Level: Main Master Bedroom: 1 Master Bedroom Level: Main Media Room: 1 Utility Room: 1 Utility Room Level: Main

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Price Calculations

Current Price To SqFt: 942.58 Original List Price To Close Price: 1.22

Originating Details

Originating System Key: 20250201114729479779000000 Originating System ID: M00000170

Property Features

Application Information: Personal Interview Required Association Fee Includes: Common Areas; Elevator; Insurance; Maintenance Grounds; Pest Control; Security; Trash; Water Dining Area: Breakfast Area; Formal Dining Electric: Three Phase Fireplace Features: Decorative Flooring: Marble Parking Features: Assigned; Covered; Guest; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Microwave; Oven; Refrigerator; Washer Construction Materials: CBS; Concrete Cooling: Central Air; Central Individual Association Type: Condominium Heating: Central; Electric Interior Features: Bar; Built-in Features; Entrance Foyer; Kitchen Island; Pantry; Roman Tub; Storage; Walk-In Closet(s); Wet Bar Laundry Features: Inside; Laundry Closet Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Number Limit Possession: Close Of Escrow Restrictions: Buyer Approval Required Other Leasing Restrictions: Tenant Approval Security Features: Closed Circuit Camera(s); Entry - Phone/Intercom; Fire Sprinkler System; Gated with Guard; Lobby - Attended; Security Guard; Security Lights; Security Patrol; Security System; Security System Owned Sewer: Public Sewer Tax Information: No Homestead Utilities: Sewer Available; Water Available View: Pool Water Source: Public Water View: Intracoastal; Lake Waterfront Features: Intracoastal; Lake Front Showing Requirements: Appointment Only; Call Listing Agent; Schedule Online; Text Listing Agent Outdoor Living Spaces: Balcony Contingencies: None Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Den; Dining Room; Family Room; Great Room; Kitchen; Laundry; Living Room; Master Bedroom; Media Room; Utility Room

Room Information

Living Room Length: 33.00 Length: 33.00 Width: 23.00 Width: 23.00 Level: Main Kitchen Length: 18.00 Length: 18.00 Width: 13.00 Width: 13.00 Level: Main Master Bedroom Length: 26.00 Length: 26.00 Width: 18.00 Width: 18.00 Level: Main Bedroom 2 Length: 19.00 Length: 19.00 Width: 13.00 Width: 13.00 Level: Main Bedroom 3 Length: 18.00 Length: 18.00 Width: 13.00 Width: 13.00 Level: Main Bedroom 4 Length: 19.00 Length: 19.00 Width: 13.00 Width: 13.00 Level: Main Dining Room Length: 18.00 Length: 18.00 Width: 13.00 Width: 13.00 Level: Main Utility Room Length: 9.00 Length: 9.00 Width: 6.00 Width: 6.00 Level: Main Family Room Great Room Media Room Laundry
Listing Office: Compass Florida LLC
IDX
Last Updated: January - 10 - 2026
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