What is the asking price and what does it include?

The list price for 721 SW 5th Street, Boca Raton FL 33486 is $740,000. The property is a property with 2 bedrooms, 2 bathrooms, approximately 1065 square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 721 SW 5th Street, Boca Raton FL 33486 in Boca Raton, 33486. Coordinates are approximately 26.3451903, -80.1009533. Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Boca Raton — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 740,000 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 721 SW 5th Street, Boca Raton FL 33486.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

721 SW 5th Street, Boca Raton FL 33486 | Palm Beach County

Sun
08
Nov

Mon
09
Nov

Tue
10
Nov

Wed
11
Nov

Thu
12
Nov

Fri
13
Nov

Sat
14
Nov

Sun
15
Nov

Mon
16
Nov

Tue
17
Nov

Wed
18
Nov

Thu
19
Nov

Fri
20
Nov

Sat
21
Nov

Sun
22
Nov

721 SW 5th Street, Boca Raton FL 33486 | Palm Beach County | B26097706

Description

Monthly Fees & Carrying Costs

Have a question about this Boca Raton listing?

Address

Details

Additional details

Mortgage Calculator

Schedule a Tour

Contact Information

Enquire About This Property

0 Review

Leave a Review

Similar Listings

161 NE Wavecrest Way, Boca Raton FL 33432 | Palm Beach County | B26097790

712 JACANA Way, North Palm Beach FL 33408 | Palm Beach County | B26097784

17585 MIDDLEBROOK Way, Boca Raton FL 33496 | Palm Beach County | B26097785

4829 Chantilly Road, Lake Worth FL 33467 | Palm Beach County | B26097786

Address

E-mail

Phone