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Last updated: April 17, 2024 • Real Estate Market

The Homes of Boca Raton, Florida

Picture yourself lounging on a sun-drenched beach, drink in hand, feeling the sun’s warmth on your skin. Ever imagined taking a stroll along the coast, surrounded by swaying palm trees, with your loved ones by your side, creating memories to cherish forever? Well, guess what? That dreamy scenario doesn’t have to be just a vacation fantasy – it could be your everyday reality.

Welcome to Florida, where the real estate market is booming like never before. Sure, it might cost a pretty penny, but the lifestyle it offers is absolutely priceless. The bustling Miami metropolitan area is located within South Florida, with Boca Raton standing out as an excellent place to live.

Boca Raton, also known as the epitome of luxury, has an impressive array of homes – from lavish estates to safe neighborhoods with top-notch schools. It’s basically the Beverly Hills of Florida, complete with beachfront properties, exclusive clubs, gourmet eateries, and upscale shopping. 

No matter your taste or lifestyle, Boca Raton’s real estate scene has something for everyone. If you’re thinking of making this upscale paradise your new home sweet home, why not ensure a smooth transition by teaming up with one of the real estate agents in Boca Raton? Your dream life in Boca Raton is just a step away – don’t let it slip through your fingers! 

Boca Raton housing trends for 2024

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In February 2024, the prices of homes for sale in Boca Raton dropped by about 5% compared to the previous year, according to Realtor.com. This means houses are more affordable now, which is good news for people looking to buy. Additionally, homes in Boca Raton are selling for nearly 5% less than what sellers are asking for. This lets buyers negotiate and potentially snag a good deal on their dream home.

So, why are these changes happening? A few things are at play. Firstly, the overall economy impacts the housing market, including interest rates and job stability. When economic conditions change, it can affect how many people buy and sell homes.

Demographics also play a significant role. Boca Raton attracts diverse people, from retirees and snowbirds looking for a peaceful place to settle down to young professionals seeking career opportunities and a vibrant lifestyle. Understanding who’s looking for homes and what they want is vital to understanding the housing market.

External factors like world events and natural disasters can also influence the housing market. These unexpected events can affect people’s decisions about buying or selling homes and cause prices to fluctuate.

Looking ahead, it’s hard to say precisely what the future holds for housing in Boca Raton. But one thing is clear: it’s a good time for buyers to explore their options right now. With prices down and room for negotiation, finding the perfect home in Boca Raton might just be within reach.

Home prices in Boca Raton, Florida

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As far as housing in Boca Raton goes, many estates and mansions have been built to reflect the high value of the real estate market in the area. According to data from Realtor.com, in February 2024, the median listing price for homes in Boca Raton was about $629.5K. This means that half of the homes on the market were priced lower than this, and half were priced higher.

Looking at the price per square foot, which tells you how much you’re paying for each unit of space, the median was $359. This can give you a sense of how prices vary based on the property size.

But it’s not just about what homes are listed for; it’s also about what they sell for. The median home sold price in Boca Raton was around $600K. This gives you a better idea of what people are actually paying for homes in the area.

Currently, plenty of options are available in Boca Raton, with 2,696 homes for sale ranging from $50K to $45M. Whether you’re looking for a cozy condo or a luxurious waterfront mansion, there’s something for every budget and lifestyle.

Boca Raton’s appeal goes beyond just its real estate market. Its location along Florida’s coast, strong economy, good schools, and abundant recreational activities make living or investing in property desirable.

The most expensive neighborhoods in Boca Raton

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Boca Raton is home to some of the most expensive and highly-rated neighborhoods that scream opulent and catch the eye of any home buyer aiming toward the top-end communities. Here are some of the waterfront and gated communities that share all these luxurious features:

Woodfield Country Club 

This is one of the most affluent communities in Boca Raton and South Florida. This premier gated community comprises around 1,300 houses with single-family residences, townhomes, and mansions. Here, you can find homes with prices ranging from $1 million to more than $15 million.

Fieldbrook Estates

This community has an outstanding location near Mizner Park and features luxury houses with prices ranging from $1 million to $5 million. It also features a golf course, an impressive clubhouse, and a lake.

Le Lac 

This gated community has multi-million dollar houses within its borders and 32 private estates priced between $3 million and $7 million. This community screams luxury, and its breathtaking landscape adds to the opulence of the place. The district also offers top-notch amenities such as swimming pools, docks, boathouses, fitness centers, tennis courts, and much more. Even though the community is known for its lavish lifestyle, some of your favorite weekend activities are cost-free.

Boca Bath and Tennis 

Another gated community that offers the exclusivity and the feel of a rich and luxurious community without big, bold mansions. Housing in the area consists of reasonably sized homes priced at around the $1 million range.

Les Jardins

Housing in this area reflects the classic feel of a residential structure built in the ’80s or late ’90s, and house prices range from $1.3 million to $2.4 million. The homes in Les Jardins are impressive, boasting timeless architectural designs and spacious layouts. From Mediterranean-style villas to sprawling estates, each residence reflects luxury and sophistication. 

St Andrews Country Club 

A country club community created a championship golf course designed by a famous pro golfer. The neighborhood is the only community with two 18-hole golf courses designed by Arnold Palmer. Also, the housing variety in this area offers people plenty of options, with houses starting at around $500,000 to a high of $10 million for mansions.

Le Rivage

Although not as big as some other gated communities, Le Rivage is undoubtedly one of the most exclusive and wealthy neighborhoods in Boca Raton. With 18 luxurious lakefront estate homes, these properties’ prices go as high as $4 million.

The Oaks 

With the world-class dining experience offered by Boca Ration, all you can do is find yourself a lovely home in the upscaling neighborhood called “The Oaks.” This country club community aims to offer its residents the feel of a good life with a relaxed atmosphere and access to fitness centers, a spa, a 12-tennis court complex, and the enclave’s clubhouse. House prices here are around the $1 million range.

The most affordable neighborhoods in Boca Raton

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Boca Raton, Florida, renowned for its upscale lifestyle and beautiful beaches, may not immediately come to mind when considering affordability. However, within this vibrant city lies a variety of neighborhoods offering more budget-friendly living options without compromising quality. Let’s delve into some of the most affordable neighborhoods Boca Raton offers.

Boca Raton Square Gateway

Situated conveniently close to major highways and shopping centers, Boca Raton Square Gateway offers a mix of single-family homes and condos. Residents enjoy easy access to parks, schools, and various dining options. The home prices in this neighborhood range from $249K to $1.5M, with a median average of $600K. 

Boca Teeca

Located near the Atlantic Ocean, Boca Teeca is known for its lush landscapes and serene atmosphere. The neighborhood features a range of housing options, including condos and townhouses, making it ideal for families and retirees. The prices here are surprisingly affordable, with a median average price of $305K in February 2024, according to Realtor.com.

Boca Raton Hills

Another affordable neighborhood is Boca Raton Hills. With a median home price of $425K, trending down – 30% year-over-year, it’s a solid choice for those who seek more affordable options. Boca Raton Hills exudes a charming suburban feel with its tree-lined streets and well-maintained properties. This neighborhood boasts a diverse selection of homes, from cozy bungalows to spacious estates, catering to various preferences and budgets.

Villa Rica

Villa Rica offers residents a peaceful residential setting, offering a mix of rental apartments and affordable homes for sale. The neighborhood is characterized by its manicured lawns and close-knit community vibe, making it an attractive option for those seeking a tranquil living environment. With a median home price of $532.5K in February 2024, Villa Rica is the perfect choice for those looking for affordable housing without sacrificing comfort. 

Fairfield at Boca

Known for its gated communities and resort-style amenities, Fairfield at Boca offers an affordable yet luxurious lifestyle. The median home price is $524,500. Residents have access to swimming pools, tennis courts, and clubhouse facilities, all within a secure and well-maintained environment.

Boca Raton Square

Boca Raton Square appeals to a wide demographic and has a central location and diverse housing options. From starter homes to spacious villas, this neighborhood caters to individuals and families looking for affordability without sacrificing convenience. The home prices here range from $648K to $1.2M.

Broken Sound

Tucked away amidst scenic golf courses and tranquil lakes, Broken Sound offers an upscale living experience at a more affordable price point. The neighborhood features single-family homes and townhouses, with access to top-notch amenities and recreational facilities. The average home prices are just slightly above the Boca Raton average, with a median home value of $709,000.

Investment opportunities in Boca Raton

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Investing in real estate is always an exciting venture, and in Boca Raton, Florida, the opportunities are as abundant as the sunshine. Whether you’re an investor looking to diversify your portfolio or someone eyeing a potential relocation, Boca Raton offers many options to suit your needs and preferences. One of the best bets for investors here is waterfront properties. People love living near the beach, and Boca Raton has some seriously impressive options. During the peak season, vacation rentals in Boca Raton have an average occupancy rate of around 70%. Also, renting out condos is a smart move with all the tourists visiting. Fancy condos with beautiful views attract vacationers, which means a steady income for investors. It’s a win-win situation. 

If you’re considering moving to Boca Raton more permanently, you’re in for a treat. This place has it all—beautiful beaches, great communities, and so much more. Boca Raton consistently ranks among the top cities in Florida for quality of life, education, and safety. Waterfront properties and condos in exclusive neighborhoods are in high demand, and given that prices are slightly lower than last year, you should take advantage of this. But before diving into what Boca Raton offers regarding living standards, weighing the pros and cons of living here is a must. 

Boca Raton waterfront housing

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Since Boca Raton is a coastal destination with beautiful beaches and breathtaking beachside views, waterfront real estate is an essential aspect of Boca Raton. In Boca, waterfront houses have a rich history with diverse architectural inspirations such as Mediterranean, Key-West style, Colonial, and Contemporary. These impressive waterfront estates have extensive private gardens, big entranceways, chef kitchens with top-end appliances, marble/stone flooring, private home theaters, fitness rooms, and resort-style swimming pools. 

The most exclusive waterfront areas are conveniently located to offer residents a beautiful tropical landscape with deep water canals and verdant foliage. Coastline destinations are well known for their waterfront properties. If you don’t know where to find some of the best places to buy waterfront properties, look no further; Boca Raton is the place for you. Some of these elite communities are as follows:

  • The Sanctuary—A yachting community located in East Boca Raton, a gated community that impresses with its large, spacious estates. The neighborhood is well known for its awareness of wildlife, and they manage to create a living environment that helps preserve it.
  • Royal Palm Yacht & Country Club – a luxurious, affluent country club in Boca. Standing across the Intracoastal Waterway, this community features opulent and magnificent estates with house prices that range from $1 million to more than $15 million. The district also features Jack Nicklaus’ Signature Golf Course, a Yacht Club with gourmet restaurants, a fitness center, and tennis courts.
  • Boca Marina Yacht Club – Situated on the west side of the Intracoastal Waterway in Boca Raton, the beautiful waterfront retreat is populated with some of the most luxurious estates in the area.
  • Bel Marra – One of the most desirable waterfront communities for people who are into boating, this area has been built around wide canals that offer easy access to the Intercoastal Waterway and the Atlantic Ocean. Homes in Bel Marra range from single-family estate homes to exquisite grand mansions, and most of them come with private docking stations. 
  • Por La Mar—located along the Intracoastal Waterway, Lake Boca, and the Boca Inlet, this exclusive waterfront community is a non-gated, intimate neighborhood with a breathtaking tropical landscape and beach area surroundings. This community has a rich history and is the oldest luxury community in Boca Raton.

Condos in Boca Raton 

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So far, we have talked about luxurious homes with exquisite features and some of the best locations, but condos in Boca are just a little behind in terms of their exclusive feel and waterfront placement. 

Top-end condominiums in Boca Raton come in high-floor center stacks, also known as skyrises, which can offer the most beautiful Intracoastal/ocean views and spectacular city views. The elevator takes you directly to one of the most spacious homes with high ceilings, large closets, marbled floors and baths, detailed walls with floor-to-ceiling glass, and beautiful waterfront views.

Renting is also worth considering since Boca Raton has high tourism potential. A rental might be the best option for people who plan to stay for a short period or even for someone who intends to relocate to Boca. Having to rent until you settle down and find an excellent place to buy a home is the best option. If you never rented before, it might be a new experience, and there are some things you need to know about your first rental apartment to get the best deal. 

Boca Raton, home of some renowned celebrities

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Many notable athletes and celebrities are proud to call Boca Raton their home. Bon Jovi, a famous member of the Songwriters Hall of Fame and a well-respected artist, is a notable Boca Raton resident.  The New Jersey native found his heart in the beautiful, sunny city of Boca Raton and has called it home since.

Another singer/songwriter heartthrob, Ariana Grande, got her start in Boca Raton, Florida. Growing up in the sunshine state, she attended North Broward Prep School, one of the many exceptional educational facilities known to Boca Raton. Families living in Boca Raton can ensure their students get some of Florida’s best education. As a community, Boca Raton prides itself on great schools with an education that consistently ranks as the highest performing among Florida school districts.

Comedian and actor Adam Sandler, well known for his start in Saturday Night Live, loves Boca Raton, Florida, so much that he recently bought his mother a home in Boca Raton as her primary residence. Sandler’s family has also chosen to live locally, enjoying the luxury living options Boca Raton offers. Adam Sandler’s condo home is 2,600-square-foot. It was built originally in 1981 and has three bedrooms and three bathrooms. 

Conclusion

In wrapping up, Boca Raton, Florida, is more than just a destination – it’s a dream come true. Picture-perfect beaches, vibrant communities, and a diverse range of homes make it a place where every day feels like a vacation.

With recent changes in the housing market, now’s the time to seize the opportunity and find your slice of paradise in Boca Raton. Whether you’re drawn to the glitz and glamour or simply seeking a peaceful retreat by the water, this city has something for everyone. However, weighing the pros and cons of living in Boca Raton before deciding to move here is a must. 

So why wait? Dive into the warmth of Boca Raton’s sunshine and make it your home. It’s where dreams take shape, memories are made, and life feels genuinely magical.

Let us know how much you love the home of Boca Raton in the comment section below. If you enjoy our content, don’t hesitate to share it on your social media platforms.

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3 Responses to " The Homes of Boca Raton, Florida "

  1. JS says:

    Broken Sound has 2 golf courses and Boca West has 4.

  2. Frank says:

    You forgot to mention other inland neighborhoods that also offer great dinning and great schools for families looking to relocate to areas that benefit families. Newly built public schools, Magnet Schools, Private Schools, and Universities, and, our airport in addition to airports that are from 20-40 minutes away. Don’t forget our low crime rates! Rail stations and public transportation upgrades. Didn’t mention neighborhoods like Fairfield at Boca, Military Trail, Paradise Palms, Boca Sailing Club, Camino Estates, Old Floresta, and many more.

  3. Jeff says:

    Great article, thanks!

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