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9385 Boca Gardens Cir S APT B
Boca Raton, FL

9385 Boca Gardens Cir S APT B

$435,200
3 bd • 2 ba • 1,459 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$435,200

Price/Sq.Ft

$298

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property boasts an excellent location in Boca Gardens, with a picturesque waterfront view. The lush landscaping, including mature palm trees and a well-maintained lawn, adds significant curb appeal. At $298.29/sqft, it's priced approximately 10% below the Boca Raton average of $330/sqft for similar properties. The 3-bedroom, 2-bathroom layout in 1,459 sqft is efficiently designed, offering ample space for various buyer profiles. The property's lakefront position likely adds a 5-10% premium to its value compared to non-waterfront homes in the area. Current rental rates for 3-bedroom homes in Boca Raton average $3,300/month, suggesting a potential gross rental yield of 9.1% annually.

The Bad

The property's age is unknown, which raises concerns about potential hidden maintenance issues. Without specific information on recent upgrades or the condition of major systems (HVAC, roof, plumbing), buyers should budget for potential near-term repairs. The lack of listed features suggests the home may not have high-end finishes or modern amenities that are common in the Boca Raton market. The median income in the area ($97,855) indicates that the property may be at the upper limit of affordability for many local buyers, potentially limiting the pool of interested parties.

The Ugly

Florida's hurricane risk is a significant concern, with Boca Raton being particularly vulnerable. Insurance costs could be substantial, potentially adding $3,000-$5,000 annually to ownership costs. The waterfront location, while attractive, may increase flood insurance premiums and susceptibility to storm surge damage. Climate change and sea-level rise pose long-term risks to property value and insurability. HOA fees, which are common in Boca Raton, are not disclosed but could add $200-$400 or more to monthly costs. The competitive nature of the Boca Raton market may lead to bidding wars, potentially pushing the final price above the current listing.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for buyers with a household income of $130,000+ annually, based on a 33% debt-to-income ratio and estimated total monthly costs. It's ideal for small families, retirees, or professionals who value waterfront living and a low-maintenance lifestyle. Investors could benefit from the strong rental market, with potential for short-term vacation rentals (subject to local regulations). The property would also appeal to out-of-state buyers looking for a winter home in Florida.

Not For

This property is not suitable for large families requiring more than 3 bedrooms or those seeking a home larger than 1,500 sqft. Buyers with incomes below $130,000 may find the total cost of ownership challenging. It's not ideal for those highly risk-averse to natural disasters or concerned about long-term climate change impacts. First-time homebuyers may find the potential additional costs (insurance, HOA, maintenance) overwhelming.
Demographics
Area Median Income

$97,855

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Risk Assessment

Risk Analysis

Hurricane and flood risks are significant, potentially leading to high insurance costs and future property damage. Long-term sea-level rise could impact property value and insurability. Unknown property age raises concerns about hidden maintenance issues and potential major system failures. The competitive Boca Raton market could lead to overpaying in a bidding war. Potential HOA restrictions may limit property use or modifications. Future special assessments for community improvements could increase costs unexpectedly.

Financials

Monthly Costs
Market Rent (3 bed)

$3,300

Get a detailed rental estimate on Zillow®

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$434,650

-0.1% below list price

Median Price

$480,000

Based on 6 recent sales

Price per Sq.Ft

$294

Comparable Properties

9388 Boca Gardens Parkway #A, Boca Raton, FL 33496
Price: $425,500
Sq.Ft: 1,459
Beds/Baths: 3/2
$/Sq.Ft:
$2922.2%
Sale Date: 11/1/2024
9690 Saddlebrook Drive, Boca Raton, FL 33496
Price: $480,000
Sq.Ft: 1,427
Beds/Baths: 3/2
$/Sq.Ft:
$33612.8%
Sale Date: 11/4/2024
9092 Affirmed Lane, Boca Raton, FL 33496
Price: $549,900
Sq.Ft: 1,560
Beds/Baths: 3/2
$/Sq.Ft:
$35318.2%
Sale Date: 10/22/2024
9224 Affirmed Ln, Boca Raton, FL 33496
Price: $550,000
Sq.Ft: 1,500
Beds/Baths: 3/2
$/Sq.Ft:
$36722.9%
Sale Date: 9/23/2024
8167 Springlake Drive #A, Boca Raton, FL 33496
Price: $347,500
Sq.Ft: 1,654
Beds/Baths: 2/2
$/Sq.Ft:
$21029.6%
Sale Date: 10/25/2024
9305 Flynn Circle #8, Boca Raton, FL 33496
Price: $255,000
Sq.Ft: 1,227
Beds/Baths: 2/2
$/Sq.Ft:
$20830.3%
Sale Date: 10/28/2024

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