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Offered at $695,000Active
beds
2
baths
2
sq ft
1,575
Built
1969

1040 BANYAN Road #504C

Boca Raton, FL 33432

About this home

At the Boca Inlet, where the Intracoastal meets the Atlantic, discover one of East Boca's best-kept waterfront secrets. This beautifully updated penthouse-level residence at Newth Gardens offers 2 bedrooms, 2 baths and 1,269 SF in an exceptional location just across from the beach. A dramatic wall of sliding glass opens the air-conditioned living space to ocean and inlet views and coastal breezes. Inside, a neutral palette, oversized tile, natural stone finishes, marble baths, impact windows and a private-entry guest suite create an effortless coastal retreat. Enjoy an Intracoastal-side pool, waterfront green space, barbecue areas and covered parking, all moments from the very best of Boca Raton. Residence 504C is a penthouse-level 2BR/2BA residence offering approximately 1,269 SF with ocean, Boca Inlet and Intracoastal views. Interior features include a neutral coastal palette, oversized tile, natural stone finishes, marble baths, glazed ceilings designed to reflect natural light, impact windows, generous walk-in closets and a kitchen pantry. Expansive stacking glass sliders open the air-conditioned Florida room to the views and coastal breezes, with a shallow covered exterior balcony beyond. The guest suite features its own private entrance, and one assigned covered parking space is located beneath the building. Newth Gardens is an intimate community of approximately 100 residences across three buildings, offering expansive park-like green space, a large pool with ocean and Intracoastal views, outdoor barbecue areas and a clubhouse available for private entertaining. Two-year ownership is required prior to leasing, contributing to an established residential feel. Concrete restoration is nearing completion, with a full exterior painting project anticipated Q4 2026; the community is expected to transition from its traditional pink exterior to a fresh, neutral off-white palette. Association fee is reflected in MLS as a monthly equivalent of $1,528.39; the current regular association assessment is billed quarterly at $4,585.18. Special assessments, if any, are separate. Buyer to verify all association fees, assessments, leasing restrictions, square footage, measurements, features, amenities, parking and planned community improvements directly with the association. Information is deemed reliable but not guaranteed and is subject to errors, omissions and changes without notice.

Listing last checked: Listing updated:

Listed by Tone Newlove · One Sotheby's International Realty · MLS #B26075230

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Details at a glance

Interior4 property facts
Rooms
5
Heating
Electric, Radiant
Cooling
Ceiling Fan(s), Electric
Flooring
Ceramic Tile, Tile
Building4 property facts
Style
Condominium
Year built
1969
Parking
1
Roof
Barrel, Flat, Other, Spanish Tile
Land & utilities4 property facts
Lot size
0 acres
Water
Public
Sewer
Public Sewer
Zoning
R3C(ci
Financial3 property facts
Annual taxes
$8,235
Assessment year
2025
HOA fee
$1,528 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $695,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$4,201 / monthAdjust
Principal & interest
$3,514
Property tax
$686
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $8,235. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $1,528. The billing period was not supplied; confirm the monthly amount before adding it.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Sld

    $364,000 · Sold $345,000 · Jul 5, 2016

More property insights

Comparable properties 3 supplied

Sold Jul 28, 2026

$649,000

1340 S Ocean Boulevard #303

Sold Sep 4, 2026

$749,000

3750 Galt Ocean Drive #706

Sold Jul 28, 2026

$700,000

3550 Galt Ocean Drive #2010

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