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+27 photosLuxury condo — 5842 CRYSTAL SHORES Drive 205 · Regal Shores Condo · Boynton Beach
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Open property magazine$268,500
5842 CRYSTAL SHORES Drive 205, Boynton Beach, FL 33437
Boynton Beach, FL, 33437
3 bd · 2 ba · 1,512 sqft
Listed by Illustrated Properties
5842 CRYSTAL SHORES Drive 205, Boynton Beach, FL 33437
Listed by Illustrated Properties
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Estimated monthly payment
$2,745/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $2,745/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: Zone not provided · verify insurance quotes before buying.
About this home
Find similar homesMillion-Dollar Lake Views & Resort-Style Living in the Heart of Palm Beach County! Welcome to your piece of Florida paradise in the highly desirable Coral Lakes community. This spacious 3-Bed, 2-Bath open-concept residence offers breathtaking waterfront views, abundant natural light, and a freshly painted interior that feels bright, clean, and move-in ready. The thoughtfully updated interior features a custom kitchen with slow-close cabinetry, stainless-steel hardware, and modern finishes, along with beautifully upgraded bathrooms, hardwood and ceramic tile flooring, plantation shutters, and ceiling fans throughout. The full laundry room includes a new washer, dryer, and dishwasher. The flexible third bedroom/den is currently open to the living area but can easily be enclosed, creating the perfect private bedroom, home office, or guest space. The generous primary suite offers tranquil lake views, dual sinks, and a spacious walk-in closet. Additional features include hurricane shutters and convenient elevator access. The HOA provides exceptional value, including Comcast TV and internet, water, trash, building insurance, exterior maintenance, and gated security. Residents enjoy an active, resort-style lifestyle centered around the newly renovated 72,000-square-foot clubhouse. Amenities include indoor and outdoor heated pools, a state-of-the-art fitness center, tennis and pickleball courts with a resident professional, bocce, billiards, a theater for movies and shows, café, art and card rooms, and an impressive variety of social clubs and activities. Ideally located near the Delray Beach border, Coral Lakes is just minutes from beautiful beaches, acclaimed restaurants, healthcare, shopping, and entertainment, with convenient access to Boca Raton, Palm Beach, Wellington, and both Palm Beach International and Fort Lauderdale airports. Enjoy the best of South Florida living in this vibrant, active, gated 55+ community - with beautiful lake views, exceptional amenities, and a home that is ready to enjoy. Currently tenant-occupied through May 2027 at $2,850/month, offering an excellent opportunity for investors or buyers seeking immediate rental income.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 5%
The seller has come down from $283,500 to $268,500 — a $15,000 reduction since it came on the market.
91 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Building health
- Building
- REGAL SHORES CONDO· MLS
- Year built
- 1997· MLS
- Stories
- 4· MLS
- Units
- Not provided —
- Milestone inspection
- Not provided —
- Milestone date
- Not provided —
- SIRS
- Not provided —
- SIRS date
- Not provided —
- Special assessments
- Not provided —
- Assessment amount
- Not provided —
- Assessment purpose
- Not provided —
- Assessment due date
- Not provided —
- Reserves
- Not provided —
- Minimum lease term
- Not provided —
- Rentals per year
- Not provided —
- Pet rules
- No· MLS
- Age restriction (55+)
- Not provided —
- HOA fee
- $1,083.67 / month · billed Monthly· MLS
Last updated Not provided, source: MLS remarks —
Always review the association's milestone inspection report, SIRS, budget and the last 24 months of board minutes before you buy.
Property Details
Your costs (est.)
≈ $2,745/mo
5842 CRYSTAL SHORES Drive 205, Boynton Beach, FL 33437 · Boynton Beach
Location
5842 CRYSTAL SHORES Drive 205, Boynton Beach, FL 33437
One home, every check
Dock & Draft Match™ brings this home's dock length, low-water depth, every bridge, the ocean run, frontage and yacht size together in one place. Estimate only, not guaranteed. Verify before you buy or sell.
What buyers ask about this home
What are the estimated monthly carrying costs at 5842 CRYSTAL SHORES Drive 205, Boynton Beach, FL 33437?+
Property tax (after sale): $268/month est.; homeowners insurance: $0/month est.; HOA: $1,084/month. Fixed ownership costs before a mortgage: $1,352/month est. Principal and interest: $1,393/month; PMI: $0/month. Total for the payment scenario shown: $2,745/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 5842 CRYSTAL SHORES Drive 205, Boynton Beach, FL 33437?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 5842 CRYSTAL SHORES Drive 205, Boynton Beach, FL 33437 need flood insurance, and what drives the premium?+
Most of Boynton Beach sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should I check about the association before buying 5842 CRYSTAL SHORES Drive 205, Boynton Beach, FL 33437?+
For a Florida condo, review the milestone structural inspection and the Structural Integrity Reserve Study, current reserve balances, any pending or recently voted special assessment, the association's insurance and its litigation history. Ask how many units are owner-occupied and whether the lender will approve the building — a poorly funded association is the single biggest hidden cost in a condo purchase.
Can 5842 CRYSTAL SHORES Drive 205, Boynton Beach, FL 33437 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Boynton Beach luxury buildings limit leases to once or twice a year with a minimum term and require board approval and an application fee. Request the declaration and rules before your inspection period ends if rental income matters to your plan.
Is there room to negotiate on 5842 CRYSTAL SHORES Drive 205, Boynton Beach, FL 33437?+
This listing has been on the market 91 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Boynton Beach, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Hagen Road Elementary School
Elementary · 2.9 mi from this home · 10565 Hagen Ranch Rd, Boynton Beach
Zone boundaries published by School District of Palm Beach County.
Other options for this address
American Heritage School - Boca/Delray Palm Beach
Pre-K & Kindergarten · Private · Grades PK–12 · Delray Beach
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
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Simon Gedz
Realtor® since 1995
Interested in this property?
$268,500 · MLS B26064108
$268,500
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