About 5 Palms
Cushman & Wakefield is pleased to present 5 PALMS, a AAA boutique condominium in the heart of Boca Raton. There are 10 out of 16 luxury condominiums available for purchase. The 10 units average 2,555 square feet. The building totals 9 stories, with two units per floor. Each unit has direct elevator access. The 10 units are currently 90% rented. The 10 units have market rents totaling $58,987. This is a rare opportunity to acquire the majority of the units within an ultra-luxury condominium development below retail sales within the market.
Centrally located in the heart of Boca Raton, 5 PALMS offers 24-hour doorman/concierge service, two parking spaces per unit, stainless steel swimming pool, private access elevators, terraces, lush landscaping and Zen-influenced water, closed circuit security system with surveillance and keyless entry, chef inspired, European style kitchens with a wet island and loaded with sleek stainless steel appliances including a 24 bottle wine chiller and beautiful marble bathrooms featuring Hansgrohe and Toto Fixtures.
5 PALMS is located on Palmetto Park Road in the heart of East Boca Raton. The property is a walker’s paradise. Residents are a short stroll from the beaches, as well as an abundant amount of high-end restaurants and shops located along Palmetto Park Road and in Mizner Park, a high-end Spanish-styled mixed use center that offers boutiques, retail shops, dining, music, events, museums, and movies.