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+29 photosLuxury home — 720 E Palmetto Park Road
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Open property magazine$13,667
720 E Palmetto Park Road, FL 33432
FL, 33432
Listed by Elite Boca Group
720 E Palmetto Park Road, FL 33432
Listed by Elite Boca Group
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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
20% down · 6.75% interest · 30-year loan · Conforming loan
Principal, interest, taxes and insurance. Property Tax (after sale). Estimated; not a lender quote.
- Principal & interest
- $259/mo
- Property tax (after sale) est.
- $10/mo
- Homeowners insurance est.
- $6/mo
- HOA
- $0/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
720 E Palmetto Park Road, FL 33432
Estimated cash to close est.
Not provided
Enter a purchase price, valid down payment and county — or .
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Loan amount (calculated): $10,933.60Conforming loan
Current site planning rate. Rate does not change the taxes or fees below. Prepaid interest is not included.
Edit closing costs & prepaids
Assumes both policies cover identical land and dates, with loan coverage within owner coverage—even if the seller pays owner title. Minimum lender premium $25. Turn off if not eligible. Endorsement allowance defaults to one $25 endorsement; actual requirements and premiums vary (Florida 69O-186.005).
Appraisal starts at $650. Waterfront and luxury homes may require a higher fee; confirm with your lender.
Tax uses existing ZIP estimates (after sale); insurance uses existing site estimates. Edit with your quote. If HOA insurance is included, confirm separate unit-owner coverage. Missing HOA costs are excluded—not assumed zero.
Estimated cash to close est.
Not provided
Enter a purchase price, valid down payment and county — or .
Mortgage stamps: $0.35 per $100 or fraction. Intangible tax: 0.2% of loan. Title uses Florida 69O-186.003 base rates. Assumes 2 months of tax/insurance escrow for financed purchases plus first-year insurance; cash purchases have no lender escrow.
Before deposits and credits. Prepaid interest and other contract costs are not included. Discounts and title endorsements must be confirmed by the title company. Title search, municipal lien search, settlement and recording are pass-through title company charges for cash and financed buyers alike; the municipal lien search is priced by each city and can run higher (e.g. Boca Raton $150, Coral Gables $220).
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Insurance & flood
- Flood zone (FEMA)
- Zone AE Coastal FloodplainFlood insurance required
- Homeowners insurance est.
- $6 / month
Flood insurance is required with a federally backed mortgage (FHA, VA, USDA, or a conventional loan from a federally regulated lender). The monthly insurance estimate above does not include flood insurance — see "Show details" for the flood rules and the official FEMA map.
Source: FEMA National Flood Hazard Layer · Date checked: Oct 28, 2026
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
Flood zone: AE
High-risk mapped flood area (1% annual chance of flooding).
Source: FEMA National Flood Hazard Layer · Date checked: Oct 28, 2026
- Roof type
- Slate
- Roof year
- Not provided —
- Impact windows / doors
- Impact glass (per listing remarks)
- Shutters
- Not provided —
- Window features
- Not provided —
- Year built
- 1968
Homeowners insurance: $6 / month est.
Special Flood Hazard Area. With a federally backed mortgage (FHA, VA, USDA, or a conventional loan from a federally regulated lender), flood insurance is required.
The FEMA map is a strong indication, not the final answer: your lender orders its own flood zone determination. Cash buyers are not required to carry flood insurance, but on the water it is strongly recommended.
Florida rule: by 2027, Citizens policyholders must carry flood insurance even outside a flood zone, unless the Citizens policy excludes wind coverage. The FEMA map does not show this.
How flood insurance is priced (FEMA Risk Rating 2.0)
Flood insurance is priced home by home, so two neighbors on the same canal can pay very different amounts. Premiums depend on the home's elevation (first-floor height above the expected flood level), distance to water (ocean, Intracoastal, canal or river), the type of flood risk (storm surge, heavy rain or river overflow), the cost to rebuild, the foundation and construction type, and past flood claims on the property.
Federal flood insurance (NFIP) pays at most $250,000 for the building and $100,000 for contents. A luxury waterfront home needs private flood insurance or an "excess flood" policy on top.
Before an offer: pull the official FEMA flood map (FIRMette), ask the seller for an elevation certificate (it largely decides the price), ask whether the seller's existing NFIP policy can be transferred to you (sometimes at a lower rate), and have an insurance agent check prior flood claims (CLUE report). New NFIP policies usually have a 30-day wait before they take effect — don't leave it until the week of closing.
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
About This Property
Find similar homesEXCLUSIVE RELOCATION OPPORTUNITY! Establish your corporate presence in prestigious East Boca Raton, just minutes from the Atlantic Ocean. This extraordinary, freestanding, two-story architectural masterpiece offers approximately 4,100 SF of sophisticated executive office space, ideally suited for financial institutions, wealth management firms, family offices, investment companies, law firms, and distinguished corporations relocating or expanding into South Florida.A commanding architectural presence featuring striking granite finishes, reflective impact glass, soaring ceilings, and refined interiors creates an exceptional first impression. Highlights include six private offices, an elegant spiral staircase, executive meeting areas, a European style kitchen, and a private courtyard. 10 parking spaces. Strategically positioned along East Palmetto Park Road, near the Intracoastal Waterway, pristine beaches, fine dining, luxury shopping, and Boca Raton's thriving business community. This distinctive headquarters offers the rare combination of corporate prestige, privacy, accessibility, and an exceptional coastal lifestyle. Relocating your company to South Florida? We also offer an extensive portfolio of residential properties to accommodate the housing needs of executives, employees, and their families, with extraordinary flexibility and personalized relocation assistance. An exceptional opportunity to establish your business and lifestyle in one of South Florida's most desirable destinations. CALL NOW!
Property Details
720 E Palmetto Park Road, FL 33432 ·
Location
720 E Palmetto Park Road, FL 33432
What buyers ask about this home
What are the estimated monthly carrying costs at 720 E Palmetto Park Road, FL 33432?+
Property tax (after sale): $10/month est.; homeowners insurance: $6/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $16/month est. Principal and interest: $71/month; PMI: $0/month. Total for the payment scenario shown: $87/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 720 E Palmetto Park Road, FL 33432?+
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 720 E Palmetto Park Road, FL 33432 need flood insurance, and what drives the premium?+
Most of South Florida 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 an inspection focus on for a home like 720 E Palmetto Park Road, FL 33432?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 720 E Palmetto Park Road, FL 33432?+
This listing has been on the market 3 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
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
Boca Raton Community Middle School
Middle school · 2.5 mi from this home · 1251 Nw 8Th St, Boca Raton
Boca Raton Community High School
High school · 2.8 mi from this home · 1501 Nw 15Th Ct, Boca Raton
Zone boundaries published by School District of Palm Beach County.
Other options for this address
Boca Raton Christian School
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Boca Raton
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
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$13,667 · MLS B26093113
$13,667
720 E Palmetto Park Road