This growing city retains the cachet of a solid real estate investment, even as the housing market in Boca Raton Florida evolves to meet the needs of new and existing home buyers.
A timeline-based narrative on the evolution of the local market shows how Boca started by building regular neighborhoods along major routes into the downtown and beaches and waterfront condos and estates. Still primarily a single-family home community, Boca has added more apartments and condos to its inventory. ‘Live, work, play’ housing near jobs in what used to be strictly office parks, especially in the city’s northeast sector, is designed to help reduce traffic. Older residents who raised their family here and want to downsize have done so, filling newer condos in the downtown to be closer to dining and city entertainment venues.
Boca Raton real estate market trends now require a percentage of workforce housing for the city to approve residential development, especially near the Brightline station downtown. The private hi-speed railroad with stations from Miami to Orlando is expected to bring more tourism and allow families to visit theme parks without highway driving.
The latest city plans are for a new government complex downtown with green space and recreation. A public-private partnership just got started. Government Campus Redevelopment Partnership
It’s clear the new downtown is envisioned for the future. And with 100,000 residents at the last Census, developers are even building new gated communities with a Boca address in the city and suburbs as the next generation and retirees move here expecting the best. New Construction Properties
