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Boutique Condominium Apartment Building
For Sale
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455 E Palmetto Park Road, Boca Raton, FL 33432

Nine-story building offers 10 of 16 luxury condominiums, with direct elevator access and 90% occupancy on the available units.

Property SizeContact for details
Days on Market126

Property Features for 455 E Palmetto Park Road

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: CBRE - Fort Lauderdale
Listed By: Calum Weaver · License #FL 3057668
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 8:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Fort Lauderdale

Investment Insights

Based on property information with market context.

5 PALMS is a boutique condominium apartment building offered for sale with 10 of 16 luxury condominiums available. The property is designed across nine stories with two units per floor. Each condominium provides direct elevator access to the residence.

The 10 available units are currently 90% rented. Collectively, the market rents for these units total $58,987.

This offering represents the majority of the condominiums within the development, providing a concentrated purchase of income-producing residences within a single building configuration.

Key Highlights

  • 9‑story boutique condominium with 10 of 16 luxury units available for purchase
  • 10 units average 2,555 SF, with market rents totaling $58,987
  • Two units per floor with direct elevator access for each unit

Property Analytics

Current Use

Carpet Cleaning Boca ... (Bike/Boat/Book/etc) Store Sigal Group Realty Real Estate Agency La Nouvelle Maison Restaurant 5PALMS Boca Raton ... Property Management Company Sarah Bhutta Design, ... Interior Design

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Locksmith Catering Service Fish Market Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,999
Businesses Nearby

Demographics for 33432, FL

22,061
Population
14,405
Households
1.5
Avg Household Size
52
Median Age
58%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,796
Density / Sq Mi
$94,375
Median Household Income
$54,481
Median Earnings
$2,226
Median Rent
$943,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Nine-story building offers 10 of 16 luxury condominiums, with direct elevator access and 90% occupancy on the available units.
Where is this apartment building located?
The property is located at 455 E Palmetto Park Road Boca Raton, FL.
What are key features of this property?
This property features: 9‑story boutique condominium with 10 of 16 luxury units available for purchase; 10 units average 2,555 SF, with market rents totaling $58,987; Two units per floor with direct elevator access for each unit
More about this property
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