5 Palms Real Estate Statistics
| Average Price | $925K |
|---|---|
| Lowest Price | $925K |
| Highest Price | $925K |
| Total Listings | 1 |
| Avg. Price/SQFT | $366 |
Property Types (active listings)
About 5 Palms
5 Palms is a nine-story building in the heart of downtown Boca Raton. A father-daughter team, Calvin and Dana Haddad, developed it with a New York look. Builders finished the tower in 2008 with only 16 units. Most homes have two to three bedrooms, with lofts above. Many owners have updated their units over the years. The address sits on Palmetto Park Road, between Mizner Boulevard and Fifth Avenue. That puts the beach, the Intracoastal, and downtown all within a short reach.
HOA Information & Lifestyle Amenities
5 Palms runs as a condominium association with monthly dues. The fee tends to run higher than in some buildings, at around $1 per square foot. It covers building insurance, the staff, and the shared spaces. That includes the pool, the gym, the garage, and concierge service. Ask for the current figure and what it covers before you buy. The association sets a one-year minimum on rentals, so short stays are out. Pets are welcome, but there are some restrictions. Review the budget, reserves, and bylaws with an experienced Boca Raton Realtor ® so there are no surprises.
Residents enjoy a lifestyle that includes:
- Outdoor pool and sundeck
- Private gym with personal trainers
- Valet and front-desk service
- Secured garage with two spaces per unit
- Private-access elevators
- Closed-circuit security
- Pet-friendly, with some restrictions
- No short-term or seasonal rentals
5 Palms Condos for Sale in Boca Raton
5 Palms condos for sale appeal to buyers who want a turnkey downtown home. Floor plans run from about 2,500 to 2,800 square feet. Most offer two or three bedrooms, and penthouses add a second-level loft. Kitchens feature stainless steel appliances, stone counters, and a center island. Baths come in marble, with custom walk-in closets throughout. Floor-to-ceiling impact glass frames views of the city and downtown. Higher floors add views of the ocean and the Intracoastal. Prices generally start around $1.1 million and rise with the floor. A Boca Raton luxury realtor can track the next unit to list. Inventory stays thin, since the building holds only 16 homes.
Top Highlights of 5 Palms
- Boutique nine-story building with 16 units
- Built in 2008 in downtown Boca Raton
- Two- and three-bedroom condos and penthouses
- Large floor plans over 2,500 square feet
- Private-access elevators and impact glass
- Pool, gym, concierge, and valet
- Secured garage with two spaces per unit
- City views, with ocean views from up high
- Prices generally range from around $1.1 million
- Short walk to Mizner Park and dining
Location of 5 Palms in Boca Raton
5 Palms is at 455 East Palmetto Park Road, Boca Raton, FL 33432, in the downtown core. The building rests west of the Intracoastal, near Mizner Boulevard. Shops, restaurants, and offices line the nearby streets. The Boca beaches sit a short trip east across the Palmetto Park bridge. Delray Beach lies a few miles north along the coast. This part of Palm Beach County has two airports within half an hour. Drivers reach I-95 in a few minutes for trips north or south.
Top Destinations Close to 5 Palms
5 Palms puts dining, shops, and the coast within easy reach. A few nearby spots:
- Mizner Park (about 1 mile): An outdoor hub for dining, shops, an amphitheater, and the Boca Museum of Art.
- Royal Palm Place (about half a mile): A downtown plaza of shops, restaurants, and bars.
- The Boca Raton (about half a mile): A historic resort with golf, a spa, and dining.
- Sanborn Square (about a quarter mile): A downtown park that hosts markets and events.
- Red Reef Park and the beach (about 2 miles): Ocean swimming, snorkeling, and a coastal park.
- Town Center at Boca Raton (about 4 miles): A large mall with anchor stores and brand-name shops.
Nearest Educational Institutions to 5 Palms
5 Palms falls within Palm Beach County Public Schools. Homes here commonly zone to Boca Raton Elementary, Boca Raton Community Middle, and Boca Raton Community High. The district seats students by address, so confirm your zoning. Private and college options sit close too.
Elementary Schools
- Boca Raton Elementary School (about 1 mile)
- J. C. Mitchell Elementary School (about 2 miles)
- Addison Mizner Elementary School (about 3 miles)
- Calusa Elementary School (about 5 miles)
High Schools
- Boca Raton Community High School (about 2 miles)
- Pope John Paul II High School (about 3 miles)
- Saint Andrew's School (about 4 miles)
- Spanish River Community High School (about 5 miles)
Colleges and Universities
- Florida Atlantic University (about 3 miles)
- Lynn University (about 4 miles)
- Palm Beach State College (about 6 miles)
Healthcare and Medical Facilities Near 5 Palms
There is medical care close to 5 Palms, from walk-in clinics to full hospitals. A few nearby options:
- Boca Raton Regional Hospital (about 2 miles): A 400-bed hospital with cardiac and cancer care.
- Delray Medical Center (about 6 miles): A Level I trauma center with full emergency care.
- West Boca Medical Center (about 8 miles): A full hospital with a 24-hour emergency room.
- MD Now Urgent Care (about 1 mile): A walk-in clinic for minor injuries and illness.
- Baptist Health Urgent Care (about 2 miles): A walk-in option for same-day, non-emergency needs.
Frequently Asked Questions About 5 Palms
How many units are in 5 Palms?
5 Palms holds just 16 private residences across nine stories. That small count makes it a true boutique building. Each home has a private-access elevator that opens into the unit. The size keeps the lobby quiet and the community tight. It also means listings here are rare, so act fast when one appears.
Can you rent a condo at 5 Palms?
Yes, but the rules favor long-term tenants over short stays. The association sets a one-year minimum lease, so no seasonal rentals.
What are the HOA fees like at 5 Palms?
The dues here run higher than at many Boca buildings, close to $1 per square foot. It covers building insurance, the pool, the gym, and concierge service. Ask for the current figure and a copy of the reserves. A healthy budget matters in a small building like this.
Does 5 Palms have ocean views?
Some units do, mostly on the higher floors. City and downtown views are the norm across most homes. The upper levels have views to the Atlantic and the Intracoastal. Lower floors trade water views for a walkable downtown setting. Tour a few units to see what each floor has to offer.
What is near 5 Palms in downtown Boca?
5 Palms sits steps from the shops and restaurants of downtown Boca Raton. Mizner Park and Royal Palm Place are a 10-20 min walk away. The Boca Raton resort and Sanborn Square sit close by as well. The beach is a quick trip east across the Palmetto Park bridge. Few addresses in Boca match this walkable setting.
Ready to Find Your Condo at 5 Palms?
The Mastropieri Group, Realtors® knows downtown Boca Raton and the 5 Palms building. The team holds more than 2,000 five-star online reviews. A local Boca Raton real estate agent will help you weigh floor, view, and value. Call (561) 544-7000 to tour 5 Palms condos for sale in Boca Raton.
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