Caravelle
Homes for Sale in Boca Raton, FL

Caravelle is a compact Boca Raton pocket with no identified shared amenities, where the median home sells for $839K in under a month and appreciation continues at a mid-single-digit clip.

BeachesMLS sales records identify 63 homes in Caravelle that have changed hands since 2001, built between 1983 and 1984 (median 1983), with a median living area of about 2,708 sq ft and a typical 3-bedroom, 3-bath layout; 97% are townhomes. Source: BeachesMLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

County records show 9 qualified sales in Caravelle across 2024–2025 (6 in 2024, 3 in 2025), median $820,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Caravelle is too small for its own price trend, so here is the market around it.

In ZIP 33433, 364 homes are on the market and 20% are under contract — a steady corner of Boca Raton.

Across Palm Beach County, 10,960 homes are active and 2,777 pending (20% under contract).

In ZIP 33433 (Boca Raton), 117 homes closed in the last 12 months at a median of $475K ($297/sq ft), with a median 46 days on market. Right now 57 active and 16 pending listings put supply at about 5.8 months — a balanced market. See the live ZIP 33433 housing market and the Palm Beach County market.

ZIP and county figures describe the wider market, not Caravelle specifically. Momentum Research analysis of MLS records.

Caravelle's value proposition is location and individual-home quality, not resort infrastructure. There are no community pools, clubhouses, or tennis courts surfacing in the MLS—this is a residential enclave where each property stands on its own merits. Median price-per-foot of $321 suggests a mix of vintages and finishes; condition and updates will drive wide variation within the neighborhood.

With a 23-day median time on market and year-over-year appreciation near five percent, the pace is brisk but not frenzied. Four closings in the observation window means low turnover—homes rarely hit the market, and when they do, they move. Buyers should come pre-approved and ready to act; sellers inherit pricing power but also inherit scrutiny on condition, since every listing competes in a thin pool.

Caravelle demands fluency in Boca's micro-market dynamics and the ability to isolate value from address premium. Momentum's analysts price on comps, not emotion, and our agents will walk you through which updates justify the median and which homes are trading on zip code alone. In a low-inventory enclave where every showing counts, you need a broker who knows when to push and when to pass—and we will tell you both.