Spanish River Townhomes in Boca Raton

Spanish River
Townhomes in Boca Raton, FL

Boca Raton · Palm Beach County

A gated, newer townhome community in central Boca Raton, contemporary three-story residences minutes from the beach.

Gated townhomesNewer constructionCentral Boca Raton
Live Market Pulse
47/100
Momentum
Buyer-Leaning Market (limited data)
Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.
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Unlock Off-Market Spanish River Townhomes

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive BeachesMLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseBeachesMLS
$1.37M
Median Price
9mo
Supply
75days
Avg DOM
Soft
Seller Leverage
$477/sf
Median $/Sqft
-6%
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Spanish River Townhomes, now marketed as Moderne Boca, is a gated, newer townhome community in central Boca Raton, contemporary three-story residences with two-car garages and several with elevators. This is an attached-home, condition-and-budget buy: the floor plan and the building position, the association budget and reserves, and the rental rules drive value far more than any headline number. The read is to confirm the association dues, what they cover, the reserve and assessment picture, and any leasing restrictions, then comp within the community. The gated, low-maintenance format and the central Boca location are the durable draw."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Spanish River Townhomes market snapshot (as of June 15, 2026): the median sale price is about $1.4M ($477 per sq ft), with homes averaging 75 days on market and 9.0 months of supply, a buyer-leaning market (limited data). Based on 4 recent closings in live BeachesMLS data.

Spanish River Townhomes, also marketed as Moderne Boca, is a gated, newer townhome community in central Boca Raton (ZIP 33431), built by a national builder in the recent era, with contemporary three-story residences.

Homes are attached townhomes reported in the roughly 2,100 to 2,900 square-foot range, with two-car garages, open living areas, and several plans featuring private elevators. The floor plan and building position vary, so confirm the specifics for a particular home.

As a gated townhome community, it is governed by a homeowners or condominium association. Confirm the association dues, what they cover, the reserve and any special-assessment picture, and the leasing rules for the specific home, because the budget drives the true cost of ownership here.

The draw is a low-maintenance, gated format in a central Boca Raton location minutes from the beaches, shopping, dining, and the I-95 and US 1 corridors, with a community pool and green space. Value turns on the floor plan, the building position, and the association budget; confirm the specifics for a particular home.

Best for

  • Buyers who want a newer, low-maintenance townhome in central Boca Raton
  • Buyers who value a gated format minutes from the beaches and shopping
  • Buyers who want a larger three-story plan with a two-car garage
  • Buyers comfortable confirming the association budget, reserves, and leasing rules

Probably not for

  • Buyers who want a single-family home with a private yard and no shared walls
  • Buyers who want a single-story or low-maintenance ground-floor layout
  • Buyers seeking the lowest possible monthly carrying cost
  • Buyers unwilling to read the association budget and reserves

How Spanish River Townhomes is performing right now

47/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
9Months of supplytight
53Median days on marketdays
1 : 3Under contract vs for salestrong demand
4Sold in last 12 monthsliquidity
+127%Median price since 2012appreciation
+11%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from BeachesMLS, as of June 15, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Spanish River Townhomes listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Spanish River Townhomes buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Spanish River Townhomes

Live MLS inventory for Spanish River Townhomes. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Spanish River Townhomes listings as of 2026-06-15, priced high to low. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc.. Tap any home to ask about it.

Listing locations from BeachesMLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

Boca Raton beaches~10 to 15 min · east, approximate
I-95 (Glades or Yamato)~5 to 10 min · north-south interstate
US 1 and central Boca shopping~5 to 10 min · central Boca
Florida Atlantic University~5 to 10 min · central Boca
Mizner Park and downtown Boca~10 to 15 min · southeast
Boca Raton Airport / executive~10 to 15 min · central

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

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Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Spanish River Townhomes (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Palm Beach County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Spanish River Townhomes is served by Palm Beach County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Spanish River Townhomes address.

The takeaway

What is actually shaping value at Spanish River Townhomes, sourced and dated. We do not publish rumor.

Recent Developments in Spanish River Townhomes

Our read on what is being built around Spanish River Townhomes, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe structural story is steady demand for newer, gated, low-maintenance townhomes in central Boca Raton near the beaches and the universities. The watch items are the association budget and reserves, any special assessment, insurance on attached buildings, and the leasing rules on a specific home.

Gated, newer construction in central Boca

BullishMajor impact
SignificanceRadius: Community

Gated, newer construction in central Boca

Low-maintenance townhome format near the beach

BullishNotable impact
SignificanceRadius: Community

Low-maintenance townhome format near the beach

HOA budget, reserves, and insurance

NeutralNotable impact
SignificanceRadius: Community

HOA budget, reserves, and insurance

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Spanish River Townhomes, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. Newer construction
    Overview

    Spanish River Townhomes, marketed as Moderne Boca

    Available data describes Spanish River Townhomes, also marketed as Moderne Boca, as a gated, newer townhome community in Boca Raton with contemporary three-story residences, two-car garages, and several elevator plans in the roughly 2,100 to 2,900 square-foot range. Why it matters: This reflects the community's general character; confirm the floor plan, the association dues and reserves, the leasing rules, and the school zoning for a specific home. Source

Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Spanish River Townhomes, this is the order of operations we would run, and the one we run for our clients.

1

Read the association budget and reserves. Confirm the HOA dues, what they cover, the reserve funding, and any pending special assessment for the community.

2

Confirm the floor plan and building position. Plans and positions vary, and an elevator plan or end position drives value as much as square footage.

3

Check the insurance picture. On newer attached buildings, confirm the master-policy and any roof or structural reserve situation that affects dues and insurability.

4

Verify the leasing rules. If you plan to lease, confirm the association's leasing restrictions and any waiting period for the specific home.

5

Comp within the community. Price against comparable townhomes inside Spanish River Townhomes, not a city-wide Boca average.

Best Buy
An updated plan with a good building position and an elevator, in a well-reserved association, with the budget and leasing rules confirmed.
Biggest Risk
Underbudgeting the association dues, a special assessment, or insurance on an attached building.
Best Lot
Better building positions and end units hold value over interior ones.
Smart Timing
Demand is steady for newer, gated, central-Boca townhomes; the plan and the budget matter more than timing.
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Spanish River Townhomes, also marketed as Moderne Boca, is a gated, newer townhome community in central Boca Raton built by a national builder in the recent era, with contemporary three-story residences, two-car garages, open living areas, and several plans featuring private elevators in the roughly 2,100 to 2,900 square-foot range. The community has a pool and landscaped common areas in a central location minutes from the beaches, shopping, dining, Florida Atlantic University, and the I-95 and US 1 corridors. This guide reflects the community's general character; value turns on the floor plan, the building position, and the association budget, so confirm the plan, the HOA dues and reserves, any special assessment, the insurance and leasing rules, and the school assignment by address for a specific home before relying on them.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Entry: interior three-story plans
$875K to $1.31M

The interior townhome positions without an elevator, the more attainable way into the gated community. Condition and position drive value.

Lowest entry
Core: well-positioned plans
$1.31M to $1.46M

Well-positioned townhomes with strong floor plans and finishes, the heart of the community. Position and condition set where these land.

Most inventory
High: elevator and end units
$1.46M to $1.46M

End positions and elevator-equipped plans in strong locations, the top of the local range. Position and features drive the premium.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

$875K to $1.31M
Entry: interior three-story plans
The interior townhome positions without an elevator, the more attainable way into the gated community. Condition and position drive value.
$1.31M to $1.46M
Core: well-positioned plans
Well-positioned townhomes with strong floor plans and finishes, the heart of the community. Position and condition set where these land.
$1.46M to $1.46M
High: elevator and end units
End positions and elevator-equipped plans in strong locations, the top of the local range. Position and features drive the premium.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

No CDD on the tax billStrong
Central Boca Raton locationStrong
Scarce golf and lake homesitesStrong
$30M club reinvestment to 2028Positive
All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Spanish River Townhomes

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

The gated, central-Boca format is the draw. The deal is won or lost on the floor plan, the building position, and the association budget.

Jon Brooks · Founder, Momentum Realty
8.0B+ · Buy Score
Resale Strength8.0/10
Renovation Risk3.6/10
Location Efficiency8.6/10
Long-Term Defensibility8.0/10
Carrying Cost Advantage6.6/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Spanish River Townhomes is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live BeachesMLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live BeachesMLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from BeachesMLS; for orientation, not an appraisal.

15-Second Take
  • Better building positions hold value best
  • End units and elevator plans often command a premium
  • Condition and finish are the other big swing
  • Read the association budget before the plan
  • Comp within the community

At Spanish River Townhomes the value drivers are the floor plan, the building position, and the features, inside a gated, newer central-Boca community. End positions and elevator-equipped plans tend to hold value over interior ones, and condition sets the rest. Because this is an attached community, read the HOA budget, the reserves, and any special assessment before you fall for a plan, and compare against other townhomes in the community rather than a city-wide Boca average.

Spanish River Townhomes in 15 seconds.

Best forBuyers who want a newer, low-maintenance townhome in a gated central Boca Raton community.
Strong onNewer construction, a gated low-maintenance format, larger three-story plans, and a central location minutes from the beaches and shopping.
WatchThe association budget and reserves, any special assessment, insurance on attached buildings, and the leasing rules.
Not forBuyers who want a single-family home with a yard, a single-story layout, or the lowest possible carrying cost.
The edgeA well-positioned, well-equipped townhome in a well-reserved association near the beach is a durable, low-maintenance value.

HOA, CDD & Fees

15-Second Take
  • Gated, newer townhome community in central Boca
  • Contemporary three-story plans, two-car garages
  • Several plans feature private elevators
  • Confirm the association budget and leasing rules
  • Floor plan and building position drive value

As a gated townhome community, Spanish River Townhomes is governed by a homeowners or condominium association with monthly dues. Confirm the current dues, what they cover, the reserve funding, and any special assessment for the specific home with the listing.

Association dues at a gated townhome community typically cover the gate, the master insurance, building exteriors, common-area landscaping, and the shared amenities; confirm the exact inclusions for a specific home. The community has a pool and green space.

The community offers a pool and landscaped common areas in a gated setting; the wider draw is the central Boca Raton location, the beaches, the universities, and the shopping nearby.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Spanish River Townhomes, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Spanish River Townhomes, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Spanish River Townhomes home worth?

Get a no-obligation home value based on real comparable sales in Spanish River Townhomes matched to your condition, lot, and view, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Spanish River Townhomes on the map →
Or get your Spanish River Townhomes home value & selling guide →

Real comps, not a Zestimate.

Spanish River Townhomes Market Scorecard

Buyer-Leaning Market (limited data)

Spanish River Townhomes is currently a buyer-leaning market (limited data). About 9.0 months of supply, a median asking price of $1,385,000, and homes go under contract in about 53 days.

9.0
Months supply
$1,385,000
Median list
$1,365,800
Median sold
$477
Per sqft
53
Days on mkt
3/1/4
Active/Pend/Sold

Typical home value in the 33431 ZIP is $639,194, about 24.6% above the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: BeachesMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Is Spanish River Townhomes the same as Moderne Boca?
Yes. The community is recorded as Spanish River Townhomes and is also marketed as Moderne Boca. Confirm the recorded name and the association documents for a specific home.
What kinds of homes are in Spanish River Townhomes?
Contemporary three-story townhomes reported in the roughly 2,100 to 2,900 square-foot range, with two-car garages and several plans featuring private elevators. Confirm the exact plan for a specific home.
Does the community have an HOA?
Yes. As a gated townhome community it is governed by a homeowners or condominium association with monthly dues. Confirm the current dues, what they cover, and the reserves with the listing.
What do the association dues cover?
Typically the gate, the master insurance, building exteriors, common-area landscaping, and the shared amenities. Confirm the exact inclusions and the reserve picture for a specific home.
Is the community gated?
Yes. Spanish River Townhomes is a gated community. Confirm the access details for the specific home.
Can I rent out a townhome here?
Leasing is governed by the association rules. Confirm the leasing restrictions, any waiting period, and the minimum lease term for the specific home before you buy with rental plans.
Do the homes have elevators?
Several plans feature private elevators, but not all. Confirm whether a specific home has an elevator and the floor plan.
What schools serve the community?
The community is part of the School District of Palm Beach County. Assignment is by address and changes periodically, so confirm the exact zoned schools for a specific home with the district.
How far is it from the beach?
The Boca Raton beaches are roughly a 10 to 15 minute drive east, with I-95, US 1, and central Boca shopping much closer in.
Is there a CDD fee?
Confirm whether any community development district or special assessment applies to the specific home as a matter of course, alongside the HOA dues.
Is Spanish River Townhomes a good investment?
A newer, gated, low-maintenance townhome community in central Boca Raton near the beaches supports steady demand, with value turning on the plan, the position, and the association budget. This is not a guarantee of future value.
What is the median home price here?
It is a newer townhome market with a range driven by floor plan, building position, and features such as an elevator. The right read is the comparable-sales analysis on a specific home.
Should I use the listing agent to buy here?
No. The listing agent works for the seller. On an attached home where the association budget and building position drive value, having your own representation to read the budget and the comps is the highest-leverage decision you make.
What is the area like?
It is a central Boca Raton location, gated and newer, minutes from the beaches, shopping, dining, Florida Atlantic University, and the I-95 and US 1 corridors.
You want a newer, low-maintenance townhome in central Boca RatonExcellent fit
You value a gated format minutes from the beaches and shoppingExcellent fit
You want a larger three-story plan with a two-car garageExcellent fit
You are comfortable confirming the association budget, reserves, and leasing rulesExcellent fit
You will comp within the communityExcellent fit
You want a single-family home with a private yard and no shared wallsProbably not
You want a single-story or ground-floor layoutProbably not
You want the lowest possible monthly carrying costProbably not
You are unwilling to read the association budget and reservesProbably not
You want a large lot or an established resale neighborhoodProbably not

Get the inside read on Spanish River Townhomes

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Spanish River Townhomes home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Spanish River Townhomes specialist will reach out personally, usually the same day.

BeachesMLS logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing photos provided by BeachesMLS, Inc. Information deemed reliable but not guaranteed.

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