Boca Falls Real Estate: 2020 So Far

Prices are rising in Boca Falls with 18 homes sold in the first half of 2020. That’s on pace with 2018 but below 2019’s rush of deals.

Three homes sold for over $700,000 so far this year with 21713 Marigot in Crystal Pointe at the top.

21713 Marigot Drive

21713 Marigot Drive sold for $750,000. The 4 bedroom, 3 1/2 bath house is all on one floor with a 3 car garage. It has nearly 3500 square feet, a private pool, but no water view.

The price is $115,000 higher than its previous transaction in 2013 after a new roof and extensive remodeling. It also sold a lot quicker, in only 25 days. The 2013 listing took nearly a year to find a buyer.

21265 Rock Ridge

In the Estates subdivision, 21265 Rock Ridge Drive sold for $725,000. This one-story has 5 bedrooms and 4 1/2 baths in 3800 square feet, with a private pool and a 3 car garage.

12456 Antille

The third member of the 700 Club is 12456 Antille, selling for $716,000 with 5 bedroom and 3 baths on 2 floors and over 3250 square feet. The brand new roof and gorgeous remodel definitely helped get that big price.

Overall for Boca Falls the median price of $587,000 is up nearly $20,000 from the 2019 median. The average transaction closed at over $190 per square foot.

Four homes sold in the 600 Club:

  • 21327 Falls Ridge, $695,000 for 5 bedrooms in 3800 square feet
  • 12402 Cascades Pointe, $675,000, 5 beds, 3 baths, 3250 square feet
  • 21642 Marigot Drive, $650,000, 4 beds, 3 baths, 3100 square feet
  • 21347 Gosier Way, $625,000, 4 bedrooms in 3400 square feet

For all of Boca Falls, the average transaction took 74 days. This can be misleading as some homes are taken off the market and come back on later.

The largest block was homes selling for prices over $500,000 up to $600,000.

  • 21271 Falls Ridge Way: $595,000, 5 bedrooms, 3200 square feet
  • 12731 Yardley: $588,000, 5 bedrooms, 3200 square feet
  • 21280 Rock Ridge: $585,000, 4 bedrooms, 3200 square feet
  • 21594 Halstead: $585,000, 6 bedrooms, 3850 square feet
  • 12253 Rockledge Circle: $570,000, 4 bedrooms, 2500 square feet
  • 21420 Gosier Way: $558,000, 4 bedrooms, 2700 square feet
  • 12763 Hyland Circle: $553,000, 4 bedrooms, 3350 square feet

From there it was a big drop in price to the last group of home sales. Two “normal” transactions were 12396 Clearfalls for $500,000 (4 bedrooms, 2450 square feet) and 12420 Rockledge Circle ($465,000, 4 bedrooms, 2300 square feet). In dollars per square foot that’s actually above average for the neighborhood in 2020.

There were two bank-owned homes, usually sold by the banks after foreclosure.

12660 Yardley, a 4 bedroom with 3350 square feet sold for a reasonable $466,000. This was previously transferred to the bank by a deed in lieu of foreclosure.

12337 Cascades Pointe Drive was the bottom, a small 4 bedroom selling for $399,900.

Taking those two out of the numbers would raise the average selling price about $20,000.

Author: Warren Redlich

Warren Redlich is a real estate agent and an attorney. He focuses on selling homes in West Boca Raton. Find out more at Yes Boca Real Estate.