Palm Beach County, FL Real Estate
Boynton Beach, FL Sold Real Estate for Sale

Boynton Beach, FL Sold Real Estate for Sale

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Boynton Beach, FL Sold Real Estate for Sale

$175,000
3 Beds 2 Baths R11138739 MLS Platina BLDG.
Welcome to this inviting and beautifully maintained second-floor condo, ideally situated between two tranquil lakes. This spacious 3 bedroom, 2 bathroom home offers comfort, style, and convenience in the very popular Platina community. Perfect for full-time living or wonderful vacations in the Florida sunshine, the kitchen boasts a cozy breakfast area and a convenient pass-through to the formal dining area, perfect for entertaining guests. Enjoy a modern quartz vanity in the main bathroom, providing both elegance and durability. Split floor plan for privacy and comfort, featuring vaulted ceilings that add to the open and airy feel. New hot water heater installed for peace of mind and efficiency. Relax on the screen-enclosed balcony, offering beautiful views and a comfortable space. This condo is being sold fully furnished and equipped. All contents are included, making it move-in ready. The owner installed a BRAND NEW DISHWASHER on April 21, 2026 for YOU! Whether you're seeking a permanent residence or a vacation getaway, this home offers everything you need to experience the best of Florida living. Platina offers care-free, resort-style living at its very best! AT&T FIBER OPTIC HIGH SPEED INTERNET is INCLUDED IN THE CONDO FEES along with DIRECT TV, PEST CONTROL, ROOF MAINTENANCE and WATER. All you pay for is electricity! The active 20,000 square foot clubhouse is stunning! Cafe open for breakfast and lunch now offering take-out meals, card rooms, fitness center with stationary bicycles in a solarium overlooking the pool area. Relax in one of the satellite pools or at the enormous free-form main pool and spacious sundeck. Tennis, handball and pickleball courts. There is also an art room with a kiln! With shows, bingo, and an array of clubs, you will not be bored! 24-hour guard gated community. Convenient access to I-95 and the Florida Turnpike. Close to shopping and wonderful restaurants. DON'T FORGET TO VISIT THE CLUBHOUSE.

5415 Verona Drive Unit N, Boynton Beach

$1,100,000
B26031568 MLS
Well-maintained, turnkey 8-unit apartment building in the heart of Boynton Beach. Seven of eight 1BR/1BA units are currently leased at $1,500/month under the HUD-Veterans Affairs Supportive Housing (HUD-VASH) program, which is a federal rental assistance programs that provide government-guaranteed monthly rent payments directly from the housing authority, virtually eliminating collection risk and delivering recession-resistant income. All units have been recently upgraded and the property has historically maintained 100% occupancy. There is a significant value-add opportunity - current contract rents of $1,500/month are well below the 2026 HUD Fair Market Rent of $2,080 for a 1-bedroom unit in this zip code, representing a gap of $580/unit/month. As housing authority rent adjustments are approved, a new owner has the potential to capture up to $55,680 in additional annual income across all eight units without any capital investment. At stabilized occupancy and current rents, the property generates $144,000 in gross annual income with a Net Operating Income of $94,589 under owner management (34.3% expense ratio, no professional management fee included). The property is not specifically designated as a HUD or low-income property and may be operated under full market-rate rents and conditions at the owner's will. The property has been comprehensively renovated since 2018, including a full new roof, completely remodeled unit interiors, updated electrical and plumbing systems, new flooring, and new appliances (refrigerator, stove, and A/C) in every unit, and full exterior painting in 2026. The building presents in well-maintained condition with minimal deferred maintenance and no near-term capital expenditure required, offering a true turnkey investment generating cash flow from closing. Prime southern Palm Beach County location in one of the highest-demand corridors for workforce and affordable housing. Boynton Beach is among the fastest-growing cities in the county with strong population growth projected through 2030. The Boynton Beach Community Redevelopment Agency is actively promoting area growth and has recently purchased large redevelopment parcels in close proximity to the subject property, signaling continued public investment in the surrounding neighborhood. Supply of workforce housing remains critically limited, with zero new 1-2 Star apartment units under construction or proposed anywhere in the submarket through 2030, and vacancy has tightened to just 5.2%, well below the 10-year average.

526 NW 12th Avenue, Boynton Beach

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