Townsend Place - Half-Year 2026 Condo Market Report
Posted by Jean-Luc Andriot on Tuesday, June 30th, 2026 at 1:55pm.
500–550 SE Mizner Blvd, Boca Raton, FL 33432 | Downtown Boca Raton
Townsend Place enters the second half of 2026 at a meaningful inflection point. The community’s major renovation work — including updated lobbies, refreshed clubrooms, a modernized pool deck, and improved common areas across both nine-story towers — is now substantially complete.
The first-half closing data is blunt: sellers who priced in line with the market got their deals done. Sellers who stayed too high watched their units sit, reduce, and eventually sell below their original expectations.
H1 2026 at a Glance
| Metric | H1 2026 | H1 2025 | Change |
|---|---|---|---|
| Closed Sales | 7 | 3 | +133% |
| Average Sold Price | $1,384,509 | $1,699,167 | -19% |
| Median Sold Price | $1,200,000 | $1,800,000 | -33% |
| Average $/Sq Ft (Sold) | $642 | $793 | -19% |
| Average Days on Market | 213 | 63 | +238% |
| Average Sale-to-List Ratio | 92% | 93% | -2% |
| Active Listings (Current) | 8 | — | — |
| Pending Sales | 2 | — | — |
Townsend Place Sales in H1 2026
Between January 1 and June 30, 2026, seven Townsend Place residences closed. The range was wide, from $1,025,000 to $2,436,563, reflecting meaningful differences in tower, floor level, square footage, condition, renovation quality, and overall presentation.
| Unit | Close Date | Sold Price | Orig. List Price | $/Sq Ft | Beds/Baths | Sq Ft | DOM | Sale-to-Orig. List |
|---|---|---|---|---|---|---|---|---|
| B707 | Feb 17 | $1,200,000 | $1,495,000 | $610 | 2 / 3 | 1,968 | 475 | 80% |
| B603 | Apr 23 | $2,436,563 | $2,500,000 | $985 | 3 / 3 | 2,473 | 19 | 97% |
| A104 | Apr 30 | $1,250,000 | $1,349,000 | $631 | 2 / 2.5 | 1,982 | 17 | 93% |
| A411 | May 4 | $1,025,000 | $1,495,000 | $455 | 3 / 3 | 2,254 | 331 | 69% |
| A608 | May 8 | $1,550,000 | $2,100,000 | $688 | 3 / 3 | 2,254 | 379 | 74% |
| B202 | May 8 | $1,080,000 | $1,395,000 | $544 | 2 / 2.5 | 1,986 | 146 | 77% |
| B402 | May 15 | $1,150,000 | $1,450,000 | $579 | 2 / 2 | 1,986 | 127 | 79% |
Current Townsend Place Inventory
As of late June 2026, eight Townsend Place residences are actively listed for sale:
| Unit | List Price | Beds/Baths | Sq Ft | $/Sq Ft | DOM | Tower |
|---|---|---|---|---|---|---|
| A902 | $2,100,000 | 2 / 2.5 | 2,254 | $932 | 67 | A |
| B702 | $1,525,000 | 2 / 2.5 | 1,986 | $768 | 40 | B |
| B110 | $1,475,000 | 2 / 3 | 1,968 | $749 | 144 | B |
| A209 | $1,050,000 | 2 / 2.5 | 1,802 | $583 | 89 | A |
| A310 | $1,050,000 | 1 / 2 | 1,446 | $726 | 130 | A |
| B209 | $1,049,000 | 1 / 2 | 1,580 | $664 | 286 | B |
| B206 | $1,025,000 | 1 / 1.5 | 1,580 | $649 | 392 | B |
| A710 | $899,900 | 1 / 2 | 1,446 | $622 | 293 | A |
Pending: A311 at $1,750,000 (3/3, 2,254 sq ft, 115 DOM, expected close mid-July) and B307 at $1,175,000 (2/3, 1,968 sq ft, 113 DOM, expected close early July).
H1 2025 Comparison
In the same period last year, three Townsend Place residences sold, all of them in Tower A:
| Unit | Close Date | Sold Price | $/Sq Ft | Beds/Baths | Sq Ft | DOM |
|---|---|---|---|---|---|---|
| A902 | Mar 3 | $1,460,000 | $728 | 2 / 2.5 | 2,005 | 54 |
| A108 | May 6 | $1,837,500 | $815 | 3 / 3 | 2,254 | 51 |
| A201 | May 8 | $1,800,000 | $835 | 2 / 2.5 | 2,157 | 83 |
There were fewer transactions in H1 2025, but the pricing environment was stronger. The average sold price of $1.7M in H1 2025 has shifted to $1.38M today.
The Market Message Behind the Numbers
Transaction volume increased, but price adjustments made that happen. Seven closings in H1 2026 compared with three in H1 2025 may look strong at first glance. The details tell a more disciplined story. Four of the seven 2026 sales closed at 80% or less of their original list price. Units that began at $1.5M, $2.1M, and $1.45M ultimately sold for $1.025M, $1.55M, and $1.15M respectively. Buyers did not chase unrealistic pricing. Sellers came down to meet the market.
Days on market show the difference between proper pricing and wishful thinking. B603, priced at $2.5M, sold in 19 days at 97% of asking. A104 sold in 17 days at 93%. Meanwhile, A411 sat for 331 days and A608 for 379 days before selling. The pattern is clear: realistic pricing creates activity. Overpricing creates delay, price reductions, and often a lower final result than a properly priced launch would have achieved.
Inventory pressure is visible. With 8 active listings, supply is flat year-over-year, but several current listings have been exposed to the market for a long time. B206 shows 392 DOM, A710 shows 293 DOM, and B209 shows 286 DOM. That suggests an inventory overhang in certain segments. The two pending sales, A311 and B307, are a positive sign, but with a combined asking price of $2.925M, they also show that the mid-to-upper tier can still move when a property is presented properly and priced with discipline.
Tower A and Tower B are showing different dynamics. All H1 2025 sales occurred in Tower A. In H1 2026, sales took place in both towers. Tower A’s price-per-square-foot performance held relatively stronger, with A104 at $631 and A608 at $688, compared with mid-range Tower B sales such as B202 at $544 and B402 at $579. Renovated 2003 Tower B residences continue to earn premiums, while unrenovated Tower B units face a more difficult road.
Buyer Takeaway
Buyers have leverage, and the data supports it. The average sold price per square foot has declined 19% year-over-year. The average sale-to-original-list ratio of 78% on the four longest-listed units shows that sellers are negotiating meaningfully. With 8 active listings and median DOM moving past 140 days, buyers can be selective. The renovation is complete, HOA reserves are fully funded, and the building has been refreshed while prices have corrected. For any unit that has been sitting, review the pricing history carefully. There is often room to negotiate.
→ Browse all current Townsend Place listings
Seller Takeaway
For sellers, the message is direct: price it right from the start. B603 closed in 19 days at 97% of asking. A104 closed in 17 days at 93%. By comparison, units that launched above the market — A411, A608, B202, B402, and B707 — ultimately sold for 69% to 80% of their original list prices after sitting for months. The market is not punishing sellers for selling. It is punishing unrealistic pricing. If you are considering selling at Townsend Place, a unit-specific, data-driven valuation is essential. Tower, floor, view corridor, renovation level, and terrace orientation all matter.
Getting the number right can be the difference between a clean sale this quarter and a painful series of reductions that ends below where the property should have started.
→ Get a complimentary, unit-specific valuation of your Townsend Place property
About Townsend Place
Townsend Place is a luxury condominium community with 195 residences across two nine-story towers in Downtown Boca Raton.
Tower A was completed in 1998, and Tower B was completed in 2003.
Residences range from approximately 1,446 to more than 3,700 square feet and feature 10-foot ceilings, floor-to-ceiling impact-resistant windows, and spacious private terraces.
Amenities include 24-hour gated security, concierge service, valet parking, a heated lap pool and spa, two-story club rooms, fitness centers in each tower, sauna and steam rooms, a billiards room, dog park, and community library.
Located on Mizner Boulevard between Palmetto Park Road and Camino Real, Townsend Place is close to the Boca Raton Resort, Royal Palm Plaza, Mizner Park, and the beach.
The community has recently completed a comprehensive renovation of its common elements.
Data Sources & Methodology
This report is based on Beaches MLS transaction data. Sold figures reflect verified closed transactions for Townsend Place condominium residences at 500–550 SE Mizner Boulevard during the periods noted.
Active listing data reflects the market as of late June 2026.
Every Townsend Place residence is unique, and factors such as view corridor, floor level, renovation quality, tower, and terrace orientation can create meaningful differences in value that no broad market summary can fully capture.