A look inside the Boca Raton mansions commanding Miami Beach prices
Boca Raton is selling a $28.5 million home at 2633 Spanish River Road.
The ultra-high end real estate market in Boca Raton is experiencing a meteoric rise. For five years straight, the town’s top-end properties have sold at record prices. The town’s most expensive homes are now selling at the same price as Miami Beach.
Senada Adzem, Douglas Elliman agent, said that people tend to associate Miami with high-end South Florida property. “But Boca Raton, however, is without doubt, the most luxurious residential market in the region.”
This was the most recent top-selling property in town. It’s located 45 miles north and 28 miles south Palm Beach. According to public records it sold last year for $24.5million. That is a more expensive price per square feet than any other home. It’s four times more expensive than the $570 per square footage luxury home average price. This represents 10% of the highest sales in Boca.
According to most recent statistics, the record sale also surpasses Miami Beach’s average square-foot price at $2766, which is the highest recorded in the city. Elliman Report for Q1.
“Trophy properties have gained momentum in the South Florida market over the past three years — for tax benefits, for safety reasons, and because of the pandemic,” Adzem told CNBC.
The living room in Boca Raton’s Spanish River Rd, FL.
Three more mega-homes have been added to the Boca real estate market this year, with each home priced to surpass last year’s record price and increase the high-end of the area.
Let’s take a look at three of the most expensive homes in Boca Raton.
View of the waterway from the twilight at 169 Key Palm
This waterfront home located at 169 West Key Palm Road has been listed for $26.9 Million. It’s located behind the private gates of Boca’s swanky Royal Palm Yacht & Country Club community, and the asking price is just shy of $3,000 a square foot.
Living room overlooking the marina.
The almost-9,000-square-foot residence is being sold fully furnished. Adzem is represented by Douglas Elliman and Dustin Nero. Adzem said that the high-end buyer from New York or California would be happy to pay an extra premium for a complete house.
From the dock and infinity pool, sunset view
It looks out over the Royal Palm marina. You don’t look at a house — it’s a very premium view,” said Nero, who believes the home’s unique view will help it break the town’s sale price record.
Suite for the owner overlooking the waterway or marina.
Six-bedroom residence is located on 104-foot waterfront, with deep water dockage along the Fishtail Palm Waterway. The home also features five full and two half bathrooms.
A walk-in wardrobe in the primary bedroom.
Nero represents clients in Boca and Miami. He believes that a Boca home is still relatively affordable compared to Miami’s very best.
He stated that the Miami property would sell for $4,000 per square foot or $4,500 per sq.ft.
The hot tub and pool are located over the dock of the house and look out onto the marina.
Boca also offers buyers the opportunity to land private aircrafts there. Nero explained that Boca’s private airport has recently gained its own customs office. This is the perfect convenience for residents who are planning to travel abroad by private plane.
View of the 2633 Spanish River, taken from above the Intracoastal Waterway
This almost-10,000-square-foot home located on the Intracoastal Waterway in the Estate Section of Boca was listed this month for $28.5 million. The price per square feet is now just below $2,000.
This home’s entranceway features a water feature on one side, and lush vegetation the other.
Adzem, who co-lists the property with Nero, said that it is like “a work of residential arts” and that the home has a balance between resort-style comfort and artful splendor.
This is the view from our cantilevered main suite.
The modern home is being offered fully furnished. There are six bedrooms and eight baths on the two-storey floor. Because the bedroom of the owner is elevated above the deck, it appears as though the space is floating over the water.
Terrace with views of the pool and the waterway from owner’s suite
This home’s great space features a wall of windows with double height that offers panoramic views.
These panels are at ground level and can slide off, blurring lines between indoor space and outdoor.
A 12-foot-long double-sided fireplace with grey and black porcelain is also part of the room.
Retractable glass walls open the great room onto the patio and the pool.
Adzem stated to CNBC that Adzem’s home includes an ultra high-end, hospital-grade, air filtration system. It is tied into the central system.
She stated that the HVAC system was designed to be Covid-free and has separate HVAC zones in each of the rooms.
From the pool area, night view of 298W Key Palm
This $35 million estate, which covers almost 11,500 square foot and was built by the developer, is currently for sale. SRD Building Corp.
Scott Dingle (President of SRD) stated that the company has been setting new records consistently.
The newly constructed modern residence, also located on West Key Palm Road at the Royal Palm Yacht & Country Club community, is situated on the Butterfly Palm Waterway. You will find a private dock as well as more than 166ft of waterfront.
This waterfront house has its own dock.
From the home office, view of the garage.
Five-car garage in home doubles as supercar showroom. It’s accessible from the desk at home office through floor-to ceiling glass walls.
Roberts sold 545 million homes within the community last year. The spec builder said that the strategy behind his record-breaking sales was simple.
They buy premium [lots]He said that they place premium on this.
Pool deck and lanai.
The home’s $3,050-per-square-foot asking price is a high bar for Boca Raton, which has yet to see a sale breach $3,000 a square foot. Dingle is positive that it’s possible, having built 160 homes over the course of the 28-year history.
CNBC heard from the spec-builder that he is a certified builder. another home in the community under contract for $26.5 millionThe record breaking $3,200/square foot price is set to be reached for the closing of this project.
“This is the year that you’re going to set some new records,” he stated.
The modern interiors at 298 W Key Palm include a mix of stone & wood finishes with a dramatic floating staircase.
Dingle claims 95% of his homes were built in the same community, and he still believes Boca will break all-time records after nearly three decades.
Roberts stated, “It’s an exclusive spot with a marina, country club and championship golf course, as well as direct access to the beaches. We have all of our chips and cards.”