Lakewood Midrise
Homes for Sale in Boca Raton, FL

Lakewood Midrise market snapshot (as of July 15, 2026): the median sale price is about $220K ($168 per sq ft over the trailing 12 months of closed sales), and a median 122 days on market for closed sales. The trailing-12-month median is down 24% from the prior 12 months, computed from record-level Beaches MLS closed sales (11 closings in the current window).

Lakewood Midrise is a high-rise condominium in Boca Raton currently posting a median sale price of $220K, down 23.5% year-over-year, with homes taking just over four months to sell.

You are buying a mid-rise condo at a price point that reflects the trade-offs inherent in older Boca inventory. The median of $220K buys you access to the city—proximity to beaches, dining, and cultural infrastructure—but not contemporary finishes or expansive square footage. The $168 per square foot price per square foot is condition-sensitive: original kitchens and baths with popcorn ceilings sit at one end of the spectrum, while tastefully updated interiors with open sight lines occupy the other.

The 122-day median time on market and the 23.5% year-over-year price contraction indicate a market in recalibration. This is not distress, but it is a clear shift in leverage. Eleven closings over the trailing period suggest steady but unhurried absorption; this is not a community where competitive urgency dictates your offer strategy. Buyers who understand building-age realities and budget for eventual capital assessments will find negotiable pricing and patient sellers.

With no community amenities flagged in current MLS data, your decision here hinges on the unit itself and the Boca Raton address. If the building offers a pool, fitness center, or social room, verify their condition and the reserve study during due diligence. The value proposition is straightforward: attainable entry to a high-cost market, with the understanding that you are buying location and price, not turnkey luxury or resort-style common areas.

Lakewood Midrise rewards forensic due diligence—reserve studies, prior meeting minutes, pending assessments, and unit-level inspection of mechanical systems and building envelope integrity. We walk every buyer through condo financials, flag deferred maintenance, and negotiate credits for items that will need attention in your first 24 months of ownership. In a market with this much negotiating room, our job is to ensure your offer reflects not just list price but the total cost of ownership, and to position you as the buyer a motivated seller accepts.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.