condo

$4,999,999

1500 S Ocean Boulevard 303/304, Boca Raton, FL 33432

Boca Raton, FL, 33432

4 bd · 5 ba · 4,254 sqft

Listed by Compass Florida LLC

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

$38,735/ month

20% down · 6.75% interest · 30-year loan · Jumbo loan

Jumbo loan: put down about $4,167,249 or more to stay conforming. What's different?
  • A bigger down payment, often 10–20% or more
  • A higher credit score, often 700+
  • More cash reserves, often 6–12 months of payments
  • Full income documentation, sometimes a second appraisal on large loans

Other options: Conforming first mortgage plus a home equity loan for the rest ("piggyback"); Portfolio or private bank loans; Cash. Each lender sets its own rules.

Principal, interest, taxes and insurance, HOA. Property Tax (after sale). Estimated; not a lender quote.

Principal & interest
$25,944/mo
Property tax (after sale) est.
$3,797/mo
Homeowners insurance est.
$1,298/mo
HOA
$7,696/mo

Estimate only, not guaranteed. Verify before you buy or sell.

About This Property

Find similar homes

One-of-a-kind 4 BD (3 bed plus office) 4.5 BA in The Addison offers panoramic ocean views from nearly every room, framed by sliding glass doors that wrap the perimeter of the home. Built to be two separate units combined into one, the layout forms a striking circular design centered around a private elevator foyer, giving the entire home a rare and architecturally captivating flow. The interiors showcase iconic 80s-inspired design, from sculptural curves to LED ceiling lighting and creative glass paneling. It is an exceptional opportunity to modernize a truly distinctive space while preserving the architectural character that makes it so special. The kitchen features sleek, high-gloss cabinetry for a modern touch and overlooks the ocean so you can enjoy breathtaking water views while cooking or entertaining. A built-in bar just off the kitchen enhances the home's effortless entertaining potential. The primary suite is a true standout with sweeping ocean vistas, a private balcony, dual primary bathrooms, and three walk-in closets. On the opposite side of the residence, two additional ensuite bedrooms are connected by an expansive office or den; an incredibly versatile space ideal for working, hosting, or creating a separate lounge area. Endless views, endless light, and endless potential, this circular oceanfront residence is an unmatched opportunity to reimagine a home that already has extraordinary bones and incredible ocean views. Positioned on the coveted shoreline of Boca Raton, The Addison On The Ocean offers an exceptionally private and refined beachfront lifestyle. With only 169 residences, this exclusive community is defined by expansive floor plans, breathtaking ocean views, and a level of service typically reserved for world-class resorts. Arrival is marked by an elegant covered entry, tranquil water features, manicured grounds, and full-service valet. Inside, residents are welcomed by a sophisticated lobby that frames the Atlantic as a stunning natural backdrop. The building delivers a truly elevated living experience, featuring a newly redesigned on-site restaurant along with multiple outdoor dining options—whether poolside, under the gazebo, or directly along the oceanfront. A beautifully updated social space creates the perfect setting for entertaining, complemented by full-service dining that includes daily meals, takeout, and private catering. Every detail is designed for comfort and convenience, with dedicated on-site management, 24-hour maintenance, and a professional concierge team available to coordinate services such as housekeeping, transportation, and vehicle care. Advanced security systems, continuous monitoring, and integrated resident communication platforms provide both peace of mind and seamless connectivity. Modern enhancements, including electric vehicle charging stations, further elevate the living experience. Wellness and recreation are seamlessly woven into the lifestyle at The Addison, with multiple fitness centers, spa amenities, saunas, steam rooms, and massage services. Residents also enjoy a wide range of activities, from sports courts and water recreation to a dog park, game rooms, and a business center. Outdoors, the property features two newly renovated pools, expansive sun decks, an open-air lounge, fire features, and cascading waterfalls—creating a resort-like environment just steps from the sand. Within this premier building, our listing at 1500 S Ocean Blvd, Unit 303/304 presents a rare opportunity to own a spacious, combined residence with exceptional layout potential and direct access to all of the community's luxury amenities—perfectly blending scale, location, and lifestyle in one of Boca Raton's most prestigious oceanfront addresses.

Good deal

Why we flagged this one

A transparent review of current MLS facts—not a paid placement.

  • Price reduced 17%

    The seller has come down from $5,995,000 to $4,999,999 — a $995,001 reduction since it came on the market.

  • 311 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
Addison On The Ocean· MLS
Year built
1986· MLS
Stories
16· 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
Yes, No Restrictions· MLS
Age restriction (55+)
Not provided —
HOA fee
$7,695.97 / 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.

Your costs (est.)

≈ $38,735/mo

1500 S Ocean Boulevard 303/304, Boca Raton, FL 33432 · Boca Raton

Location

1500 S Ocean Boulevard 303/304, Boca Raton, FL 33432

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Simon Gedz, South Florida luxury real estate specialist

Simon Gedz

Realtor® since 1995