True Cost Guide

Century Village Boca true cost:
what $180K actually costs per month.

A two-bedroom condo at Century Village Boca Raton lists for $180K. The all-inclusive HOA runs $550/month. Property tax at Boca Raton millage adds another $185/month. Total monthly carrying cost with no mortgage: $900–$950. Here is the line-by-line breakdown and the comparison to other PBC options at the same monthly cost.

Monthly Cost Breakdown: $180K Unit, Cash Buyer

ExpenseMonthlyAnnualNotes
HOA (all-inclusive)$550$6,600Covers insurance, cable, water, maintenance, clubhouse
Property Tax (Boca millage, homestead)$185$2,220Boca Raton carries highest city millage in PBC
Personal Insurance (HO-6)$45$540Contents + liability only, building covered by master
Electricity$90$1,080Only utility not included in HOA
Internet (upgrade from basic cable)$50$600Basic cable included; internet upgrade optional
Total Monthly (cash)$920$11,040

What Else $920/Month Buys in PBC

At $920/month in carrying costs, a cash buyer at Century Village Boca is paying the same monthly as someone who bought a $300K condo at Whisper Walk (also in Boca, 1980s construction, but attached villas instead of high-rise) or a $250K attached home at Palm Isles (Boynton Beach, Oriole Homes, resort amenities). The purchase price is lower at Century Village, but the monthly cost is competitive with newer, lower-density communities.

The Boca Raton tax premium

Century Village Boca sits in the City of Boca Raton, which carries the highest city millage in PBC (~20.5 mills). If the same building existed in unincorporated PBC, the monthly property tax would be ~$150 instead of $185. That $35/month difference is $420/year or $8,400 over 20 years. The Boca Raton zip code carries a cost.

The SB 4-D Cost That Is Not in This Table

This breakdown assumes no special assessments. But Century Village Boca has 7,500 units in buildings that are 30–55 years old. SB 4-D requires milestone inspections and fully funded reserves for every qualifying building. Some buildings have already been assessed $5,000–$20,000+ per unit. Others have not yet completed their reserve studies.

A $15,000 special assessment on a $180K condo adds 8.3% to your effective purchase price. If you finance the assessment over 5 years at 8%, it adds $304/month to your carrying cost — pushing the monthly from $920 to $1,224. That is now more expensive than a $400K Valencia home.

The 160-Unit Inventory Problem

With 160+ units for sale at any given time, Century Village Boca is a buyer's market. You have negotiating leverage on purchase price. But when you want to sell, your unit competes with 100+ others. This suppresses resale appreciation and extends time on market. Factor this into your 5–10 year financial plan.

Related Research

Century Village Boca Community Page →Century Village Boca: What Nobody Tells You →Kings Point True Cost (comparison) →Legacy Condo Guide →← Back to Palm Beach County Hub

Want building-specific numbers?

Reserve fund status varies building by building at Century Village. We research the specific building.

Request Free Consultation →