24 Oct The Addison Boca Raton Condos: Prices, Milestone Inspection & SIRS (2026)

The Addison Boca Raton Condos: Prices, Milestone Inspection & SIRS (2026)

The Addison is a condominium at 1400 and 1500 South Ocean Boulevard in Boca Raton, built in 1985–1986, with residences priced $800,000 to $5 million. The Addison is a pair of 16-story towers on a 10-acre oceanfront site south of the Boca Inlet.

The Addison at a Glance

Prices and Recent Listings

Most residences at The Addison trade between $800,000 and $5 million, depending on floor, view, size and renovation. Listings in 2026 ranged from about $2 million to $5 million.

Milestone Inspection Status

Because the building turned 30 before July 1, 2022, its first statewide milestone inspection was due by December 31, 2024. The next one is due about 10 years after that. County property records date the two towers to 1985 and 1986; the dates above use the earlier tower.

Boca Raton was the first city in Palm Beach County to adopt its own post-Surfside inspection ordinance in 2021. It requires structural inspections at 30 years and every 10 years after, and the city reviewed barrier-island buildings first.

Florida requires milestone inspections for condo buildings of three or more stories. Phase 1 is a visual review by a licensed engineer or architect; Phase 2 is required only if Phase 1 finds substantial structural deterioration, and repairs must begin within 365 days of the Phase 2 report. Since January 1, 2026, associations with 25 or more units must post milestone reports, the structural integrity reserve study and the budget on their website.

Reserves, SIRS and Assessments

Since budgets adopted after December 31, 2024, Florida condo associations can no longer waive or reduce reserves for the roof, structure, fireproofing, plumbing, electrical, waterproofing, windows and doors. That has raised monthly dues in many older oceanfront buildings. When comparing residences, review the current budget, the reserve balance and any planned or pending special assessments.

What Buyers Should Ask For

• The milestone inspection summary, if the building has had a milestone inspection (ask for any Phase 2 report too)
• The most recent structural integrity reserve study, or a statement that none has been completed
• The annual budget and financial statement, plus the reserve balance and any special assessments
• Board minutes from the past year, for planned repairs

For a resale, Florida law (section 718.503(2)) entitles the buyer, at the seller’s expense, to the declaration, articles, bylaws and rules, annual financial statement and budget, Q&A sheet, milestone inspection summary (if applicable), the most recent SIRS or a statement that none exists, and any turnover inspection report. Unless the buyer received them more than 7 days before signing, the buyer may cancel within 7 days (excluding weekends and legal holidays) after signing and receiving them, until closing. A buyer purchasing from the developer has 15 days (section 718.503(1)). Board minutes, reserve balances and special-assessment details are not on the statutory list; request them separately. Read our complete guide to Florida condo milestone inspections and SIRS.

Full list: see our Florida condo due diligence checklist, with every document to get before you sign and the Florida statute behind each one.

Frequently Asked Questions

How much does a condo at The Addison cost?

Residences at The Addison are priced $800,000 to $5 million as of October 2026.

When is the milestone inspection due at The Addison?

The first statewide milestone inspection deadline for The Addison is December 31, 2024, with another inspection about every 10 years after that.

Is The Addison on the ocean?

Yes. It is an oceanfront building in Boca Raton.

More Boca Raton Oceanfront Condos

• Every Boca Raton oceanfront condo building, $1 million and up
• Palm Beach oceanfront condos
• Highland Beach oceanfront condos
• Florida condo milestone inspection and SIRS guide (2026)

Last updated October 24, 2026. Building details come from county property records, public listings and government sources and are deemed reliable but not guaranteed. Prices are asking prices or estimates as of the date shown. Not legal, financial or engineering advice. Full disclaimer