Keyu Zhang 6121 Balboa Cir Apt 306: Real Estate Insights and More
Regarding property ownership, few places are as notable as the sunny city of Boca Raton, Florida. One property in particular, 6121 Balboa Cir Apt 306, has recently caught attention, partly due to its association with Keyu Zhang. Whether you’re curious about real estate trends in the area or intrigued by the person linked to this address, there is much to explore about this property.
Overview of 6121 Balboa Cir Apt 306
Located in the desirable Boca del Mar community, 6121 Balboa Cir Apt 306 is a condominium that stands out for its balance of suburban tranquility and urban convenience. Built in 1985, this 1,385-square-foot unit offers two bedrooms and two bathrooms, making it ideal for couples, small families, or retirees looking to downsize. Boca Raton is known for its blend of lush green spaces, upscale amenities, and proximity to the beach, and this condo is no exception to the luxurious feel of the area.
Key Property Features
The unit at 6121 Balboa Cir Apt 306 comes with the following features:
- 1,385 sq. ft. of living space
- Two spacious bedrooms and two full bathrooms
- Initially built in 1985, offering classic architecture with the potential for modern renovations
- Situated in Palm Beach County, one of the most sought-after real estate markets in Florida
- Nearby access to highly rated schools, dining, shopping centers, and recreational areas
The condo is part of a larger residential complex with several amenities, including well-maintained common areas, swimming pools, and scenic walkways, contributing to a relaxed and vibrant lifestyle.
Boca Raton Real Estate Market: What Makes It So Special?
Boca Raton is renowned for its high-end housing offerings, making it a competitive market for homebuyers and investors. With high-ranking schools, low crime rates, and proximity to beaches and green spaces, it is attractive to many demographics, including retirees, families, and young professionals.
Boca Raton’s Appeal
Boca Raton boasts many advantages that contribute to its real estate value:
- School district: This address is zoned for Verde K-8 and Boca Raton Community High School, both well-regarded educational institutions.
- Accessibility: 6121 Balboa Cir is close to essential roads, such as the Florida Turnpike and I-95, facilitating the commute to nearby cities like West Palm Beach or Miami.
- Lifestyle amenities: The neighborhood is near Boca Raton’s finest dining, shopping, and recreational activities. From high-end malls like Town Center to nearby parks and golf courses, residents enjoy diverse leisure options.
Home values in Boca Raton continue to rise, fueled by demand from those seeking a lifestyle that combines comfort, leisure, and accessibility. In this market, properties such as 6121 Balboa Cir Apt 306 tend to perform well regarding appreciation and rental income potential.
Recent Sales and Valuation Trends
As of October 2024, the value of 6121 Balboa Cir Apt 306 has been estimated to range between $298,000 and $355,000. This aligns with broader trends in Boca Raton’s real estate market, where property values have continued to climb due to the area’s desirability. The monthly cost of owning this home, including mortgage, property taxes, and homeowners association (HOA) fees, is estimated at around $860.
The unit was last sold in 2018 for $183,500, showing considerable growth in value over just a few years. For anyone looking at Boca Raton as an investment opportunity, this property provides an excellent example of the area’s potential for appreciation.
Comparable Properties
To better understand the value of 6121 Balboa Cir Apt 306, it’s helpful to compare it with similar nearby units:
- Unit 104 in the same building is currently listed for $280,000. It offers a similar layout with two bedrooms and two bathrooms.
- Unit 103, another nearby condo, is listed at $375,000, showcasing how property values fluctuate based on renovations, views, and other factors.
These listings give a snapshot of buyers’ expectations regarding pricing for similar units in this area, further solidifying 6121 Balboa Cir Apt 306 as a competitive option.
Who Is Keyu Zhang?
Although there is little public information about Keyu Zhang, the association of their name with 6121 Balboa Cir Apt 306 has sparked some curiosity. This could be due to Zhang’s potential interest in investing in Boca Raton real estate, a common trend among individuals and businesses looking to capitalize on the region’s growth.
It’s worth noting that Florida has become a hotspot for domestic and international buyers, particularly those from countries like China, where investments in U.S. real estate are seen as both lucrative and secure. The Miami-Fort Lauderdale-West Palm Beach metropolitan area, which includes Boca Raton, is one of the top regions for foreign buyers in Florida. This makes it plausible that Keyu Zhang could be an investor or property owner interested in expanding their real estate portfolio.
Why Boca Raton Is a Top Investment Destination
For those like Keyu Zhang, who are looking at Boca Raton from an investment standpoint, several factors make it a beautiful destination:
- Strong appreciation rates: Boca Raton’s property values have been on an upward trend, with homes appreciating significantly over the last decade.
- Desirability among retirees: Boca Raton is a well-liked retirement resort because of its pleasant temperature, beautiful surroundings, and abundant leisure activities like golf, boating, and dining. As Baby Boomers continue to retire, this demand will likely increase.
- Favorable tax environment: Florida’s lack of eliminating state income tax is a significant lure for those who have retired and investors, making it easier to accumulate wealth without heavy tax burdens.
- Diverse housing market: Boca Raton offers everything from luxury oceanfront estates to affordable condos, making it accessible to various buyers. This diversity keeps the market active and competitive, providing ample opportunity for investors.
Final Thoughts
6121 Balboa Cir Apt 306 is not just a condo unit in Boca Raton but a slice of a highly desirable real estate market. With its vital location, proximity to amenities, and recent appreciation in value, this property is a solid choice for those looking to invest or settle in one of Florida’s most prestigious communities. While information on Keyu Zhang may be limited, their connection to this address highlights how real estate continues to be a critical factor in shaping personal wealth and broader market trends.
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