8 Royal Palm Way Unit 203 Unit 203
37.5 · Below Average
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8 Royal Palm Way Unit 203 Unit 203

Boca Raton · Palm Beach County · FL 33432

condo days on market

Property Details

List Price$439,000
Bedrooms2
Bathrooms2
Living Area1,130 sqft
Lot Size
Year Built1978
Listed2026-05-03

Investment Estimate

Est. Monthly Rent$3,732/mo
Est. Cap Rate10.20%
Gross Rent Multiplier9.8

Description

Welcome to this beautifully updated condo in the highly sought-after Boca Bayou community in East Boca Raton. This move-in ready residence features brand new impact windows and doors, an upgraded kitchen with modern finishes, and updated flooring throughout. The spacious primary bedroom offers comfort and functionality, complete with walk-in closets for ample storage. Enjoy beautiful water views that create a light, airy feel-perfect for everyday living or relaxing at home. Located in a gated, amenity-rich community, this condo offers the best of South Florida living just minutes from Deerfield Beach, Mizner Park, and the heart of Boca Raton-with beaches, dining, and shopping right at your fingertips.

Source: realtor.com · ID: palm-beach-realtor-5829506409 · Last seen: 5/3/2026

Score Breakdown

Composite score:37.5/ 100

Each factor is normalized 0–100 within its county (percentile rank). Contributions show how many points each factor added to the composite score.

Cap Rate(weight 35%)
32.0contributes +11.2 pts

Estimated annual rent yield relative to list price, normalized within county.

Population Growth(weight 20%)
94.0contributes +18.8 pts

Zip-level YoY population growth from Census ACS estimates.

Employment Growth(weight 15%)
50.0contributes +7.5 pts

Metro-level employment and wage growth from BLS QCEW data.

Price Trend(weight 15%)
0.0contributes +0.0 pts

Zip-level YoY median sale price change from Redfin Data Center.

Flood Penalty(weight 15%)
0.0contributes +0.0 pts

FEMA NFHL flood zone severity. Lower is better (0 = no risk, 100 = high risk).

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