Florida Boca Raton 's most expensive waterfront house sold for a record $40M

Florida Boca Raton 's most expensive waterfront property، which is
set over 1.7 acres in the fancy Royal Palm Yacht & Country Club، with 10،000 square foot main house boasts a primary bedroom with expansive water views، double bathrooms، a workout area and a private rooftop patio has been sold for a record $40 million، but it is being demolished as the buyers want to build a new property there with a resort-style mansion.

Florida Boca Raton property has 2outdoor swimming pools

Florida Boca Raton 's most expensive waterfront property has two outdoor swimming pools، including one infinity pool and sits on 400 feet of water frontage on the Intracoastal Waterway and a canal and despite only being built in the 1990s، the buyer plans to tear it down and build a new home in its place and the garden which features trees and plants from around the world، is landscaped but this may also be destroyed when the mansion is demolished.

Florida Boca Raton property with the waterfront mansion is located in the prestigious Royal Palm Yacht & Country Club in Boca Raton in Florida and it sits on 400 feet of water on the Intracoastal Waterway and a canal that it was first listed by agents Jill Hertzberg and Jon Mann of the Jills Zeder Group at Coldwell Banker Realty in April 2023 for $52 million but it is not known what the land cost originally.

Florida Boca Raton property was built over several years

Hertzberg and Mann told the Wall Street Journal this week that Florida Boca Raton property it has sold for $40 million، a record for the area as the house was built over several years by the late financial-publishing entrepreneur Glen K. Parker and his accountant wife Sandy.

Florida Boca Raton property was sold after Parker died in 2022 and the sale was handled by a family trust، according to his son from a previous relationship، Randy، who spoke to the WSJ، and said that there is a primary three-bedroom main home with a curved front that tracks the edge of the water it looks over، plus a guesthouse.

The main house of the Florida Boca Raton property، has 10 thousand square feet with a circular staircase

Inside the main house of the Florida Boca Raton property، has 10 thousand square feet with a circular staircase، the main bedroom offers water views، double bathrooms، a workout area، and a rooftop patio as well as tall arched windows and circular staircases which are among unique architectural elements of the main home.

At the time Florida Boca Raton property was completed in the 1990s، it had a cutting-edge smart home system، but it is probably dumber than the worst cellphone as when you would press a button and it would dim this and open that، but once، the 2-year-old son found the off switch for the entire system and the entire place crashed.

The median sale price of homes in the region hit $7.5 million in March

The Royal Palm Yacht & Country Club's real estate market is hot at the moment and the median sale price of homes hit $7.5 million in March up 37.5 % from the previous year، even when Florida Boca Raton property was listed last year، the agents said they expected the home to be demolished.

The agents Jill Hertzberg and Jon Mann who were behind the sale of a $28 million property in the same Royal Palm community، which was the previous record holder for the area، said that luxury home builder Steven Dingle is the recorded buyer who intends to demolish the 1990s home and guesthouse and put in a resort-style property instead.