$2,298,000
$201K PRICE DROP

5533 Rico Dr Boca Raton, FL 33487

Estimated payment $15,158/month

Total Views 8,504
3 Beds
3 Baths
3,078 Sq Ft
$747 Price per Sq Ft

Highlights

  • 45 Feet of Waterfront
  • Property has ocean access
  • Canal View
  • Boca Raton Community Middle School Rated A-
  • Heated Spa
  • Vaulted Ceiling

About This Home

Experience the epitome of luxury living with this spectacular waterfront home in East Boca Raton. RENOVATED HOME just freshly painted, OCEAN ACCESS and NO FIXED BRIDGES. Experience the tranquility of a private enclave, just moments from the Intracoastal Waterway and the breathtaking beauty of Boca Raton's sunsets. Enjoy the convenience of nearby downtown Boca, Lake Boca, Mizner Park, and Delray Beach's vibrant Atlantic Avenue. This modern coastal masterpiece features smart home technology, impact glass, a state-of-the-art pool heater, Nest thermostats, Lutron smart lighting systems, and luxurious porcelain wood floors. The open floor plan is perfect for entertaining, while the circular driveway and expansive yard provide ample space for outdoor enjoyment. Don't miss this opportunity.

Listing Agent

Ashley Israel

Coldwell Banker Realty /Delray Beach License #3517941

Coldwell Banker Realty /Delray Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,983

Year Built

  • Built in 1970

Lot Details

  • 7,838 Sq Ft Lot
  • 45 Feet of Waterfront
  • Cul-De-Sac
  • Sprinkler System
  • Property is zoned R1B(ci

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Canal
  • Pool

Home Design

  • Concrete Roof

Interior Spaces

  • 3,078 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Built-In Features
  • Vaulted Ceiling
  • Fireplace
  • French Doors
  • Family Room
  • Den
  • Loft
  • Home Security System

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated Spa
  • In Ground Spa
  • Private Pool

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Balcony
  • Open Patio

Schools

  • Boca Raton Community Middle School
  • Boca Raton Community High School

Utilities

  • Cooling Available
  • Central Heating
  • Cable TV Available

Community Details

  • Caribbean Keys Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06434704050140040
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,983

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Federal Highway North of Yamato. East on Jeffrey Street to NE 7th Ave. South on 7th Avenue to Newcastle. Left on Rico, home is on your left.
  • Year Built: 1970
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Dual Sinks, French Door(s)/Atrium Door(s), Fireplace, High Ceilings, Pantry, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s), Loft
  • Private Spa: Yes
  • Furnished: Furnished
  • Spa Features: Heated, In Ground
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Other
  • Living Area: 3078.0
  • Dining Room Type: Den, Family Room, Laundry, Loft
  • Stories: 2

Exterior Features

  • Exterior Features: Balcony, Patio
  • View: Canal, Pool
  • Road Frontage Type: Waterfront
  • Lot Features: Cul-De-Sac, Sprinklers Automatic, < 1/4 Acre
  • Pool Features: Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: No Fixed Bridges, Ocean Access
  • Waterfront: Yes
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Patio
  • Property Condition: Resale
  • Roof: Concrete
  • FrontageLengthRemarks: 45

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Garage, Garage Door Opener

Utilities

  • Security: Security System
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Schools

  • High School: Boca Raton Community
  • Middle Or Junior School: Boca Raton Community

Lot Info

  • Parcel #: 06434704050140040
  • Lot Size: < 1/4 Acre,Cul-De-Sac,Ea
  • Lot Size Sq Ft: 7838.0
  • Zoning Description: R1B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 27983.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $28,592 $1,700,851 -- --
2023 $27,983 $1,651,312 $1,269,259 $382,053
2022 $25,317 $1,422,437 $0 $0
2021 $18,289 $1,006,889 $636,838 $370,051
2020 $16,531 $897,823 $630,000 $267,823
2019 $17,324 $923,556 $672,000 $251,556
2018 $14,992 $826,901 $630,261 $196,640
2017 $14,779 $802,463 $562,733 $239,730
2016 $14,614 $737,868 $0 $0
2015 $13,806 $670,789 $0 $0
2014 $11,106 $558,490 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Price Changed $2,298,000 -2.2% $747 / Sq Ft
02/25/2025 02/25/25 Price Changed $2,348,765 -2.1% $763 / Sq Ft
02/04/2025 02/04/25 Price Changed $2,398,765 -4.0% $779 / Sq Ft
01/07/2025 01/07/25 For Sale $2,498,700 0.0% $812 / Sq Ft
01/06/2025 01/06/25 Off Market $2,498,700 -- --
11/04/2024 11/04/24 For Sale $2,498,700 0.0% $812 / Sq Ft
11/20/2022 11/20/22 Rented $13,500 0.0% --
10/28/2022 10/28/22 Under Contract -- -- --
10/19/2022 10/19/22 Price Changed $13,500 -3.6% $4 / Sq Ft
10/03/2022 10/03/22 Price Changed $14,000 -6.7% $5 / Sq Ft
09/20/2022 09/20/22 For Rent $15,000 0.0% --
03/01/2022 03/01/22 Sold $1,950,000 -11.4% $634 / Sq Ft
01/30/2022 01/30/22 Pending -- -- --
01/16/2022 01/16/22 For Sale $2,200,000 +87.1% $715 / Sq Ft
01/11/2021 01/11/21 Sold $1,176,000 +11660.0% $457 / Sq Ft
12/12/2020 12/12/20 Pending -- -- --
10/15/2020 10/15/20 Rented $10,000 -99.2% --
09/15/2020 09/15/20 Under Contract -- -- --
08/26/2020 08/26/20 For Sale $1,290,000 0.0% $501 / Sq Ft
08/24/2020 08/24/20 For Rent $7,600 0.0% --
10/12/2017 10/12/17 Sold $875,000 -32.4% $284 / Sq Ft
09/12/2017 09/12/17 Pending -- -- --
11/29/2016 11/29/16 For Sale $1,295,000 -- $421 / Sq Ft
Source: BeachesMLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,950,000 Seth I Cohen Pa
Warranty Deed $1,176,000 Attorney
Warranty Deed $875,000 None Available
Warranty Deed $532,000 None Available
Special Warranty Deed $500,000 None Available
Trustee Deed $200,100 None Available
Warranty Deed $515,000 --
Warranty Deed $331,500 --
Warranty Deed $206,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,852,500 New Conventional
Previous Owner $1,176,000 New Conventional
Previous Owner $420,000 Credit Line Revolving
Previous Owner $620,300 Unknown
Previous Owner $51,500 New Conventional
Previous Owner $412,000 New Conventional
Previous Owner $124,000 New Conventional
Previous Owner $265,200 New Conventional
Source: Public Records

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Source: BeachesMLS

MLS Number: R11033993

BeachesMLS

APN: 06-43-47-04-05-014-0040