The $ 28.5 million mansion, recently launched in Boca Raton, Florida, located at 2633 Spanish River Rd.
Dani Petroni
Ultra-high-end properties in Boca Raton, Florida, are in stratospheric growth, hearing record sales prices each year for five consecutive years. And the price per square foot of high-end housing in the city is now on par with prices in Miami Beach.
“People tend to think of Miami when it comes to high-end real estate in South Florida,” said real estate agent Douglas Eliman Senada Adzem. “But Boca Raton is without a doubt one of the region’s leading luxury housing markets.” “.
The largest-ever sale in the city, located about 45 miles north of Miami and 28 miles south of Palm Beach, traded last year for $ 24.5 million, providing a price per square foot of more than $ 2,800, according to public figures. records. That’s more than four times the average price of $ 670 per square foot for a luxury home, accounting for the top 10% of Boca’s sales.
The record sales also exceeded the average price per square foot achieved in Miami Beach, at $ 2,766, according to the latest Elliman report for Q1.
“Trophy properties have gained momentum in the South Florida market over the past three years – for tax breaks, for security reasons and because of the pandemic,” Adzem told CNBC.
Great room at 2633 Spanish River Rd in Boca Raton, Florida.
Dani Petroni
This year we have already seen three more mega-homes that have appeared on the market in Boca, each of which is priced to break last year’s record and raise the city’s class even higher.
Here are the top three homes for sale in Boca Raton:
169 West Key Palm Road
The view in the twilight of the 169 W Key Palm from the waterway.
Dani Petroni
The home on 169 West Key Palm Road was announced this week for $ 26.9 million. It is located behind the private gates of the luxury Royal Palm Yacht & Country Club community in Boca, and the asking price is only $ 3,000 per square foot.
Living room overlooking the harbor.
Dani Petroni
The residence with an area of almost 9000 square meters is for sale fully furnished. Douglas Eliman’s Dustin Nero, who is on the house list with Adzem, says high-end buyers moving from places like California and New York are willing to pay a turnkey mansion premium.
Sunset view from the infinity pool and dock.
Dani Petroni
“It overlooks the Royal Palm marina. You’re not looking at a house – it’s a very first-class sight, “said Nero, who believes the unique view of the home will help him break the city’s best-selling record.
Owner apartment overlooking the waterway and the marina.
Dani Petroni
The six-bedroom home is located on the 104-foot Fishtail Palm Waterway and includes five full bathrooms and two semi-bathrooms.
One of the two wardrobes in the main apartment of the house.
Dani Pettroni
Nero, who represents clients in both Miami and Boca, believes the Boca trophy home is still a relatively lucrative deal compared to Miami’s top class.
“This Miami home will cost $ 4,000 or $ 4,500 per square foot,” he said.
The pool and hot tub are located above the dock of the house and overlook the community marina.
Dani Pettroni
Another Boca point of sale: Buyers can land their private jets here. Boca’s private airport recently added its own customs service, Nero said, the greatest convenience for locals traveling abroad on a private plane.
2633 Spanish River Road
The view to 2633 Spanish river from the overwater waterway.
Dani Petroni
This nearly 10,000-square-foot home, located on the Intracoastal Waterway in Boca’s estate, was announced this month for $ 28.5 million. That puts the price per square foot just under $ 2,900.
The entrance of the house is surrounded by a water body, which covers the entire path on one side and lush vegetation on the other.
Dani Petroni
“It’s like a work of art that manages to cross the line between artful splendor and resort-style comfort,” said Adzem, who is a joint property agent with Nero.
The view from the console main apartment.
Dani Pettroni
The modern home, which is also for sale fully furnished, is spread over two floors with six bedrooms, eight bathrooms and one semi-bathroom. The owner’s bedroom is cantilevered above the deck, so when you lie in bed, the room seems to float above the water.
Terrace of the owner with a view to the pool and the waterway.
Dani Pettroni
The great room of the house has a double-height window wall that provides panoramic views and intoxicates the room with sunlight.
Ground-level glass panels slip away, blurring the lines between interior and exterior space.
The room also includes a 12-foot double-sided fireplace lined in gray and black porcelain.
A retractable glass wall opens the great room to the outdoor lounge and pool.
Dani Petroni
Adzem told CNBC that the home also includes an ultra-high-end hospital air filtration system that is connected to the central air system.
“It’s designed specifically for the Covid-free home environment, with separate HVAC zones for each room,” she said.
298 West Key Palm Road
Night view of the 298 W Key Palm from the pool area.
Living proof
The most expensive home for sale in the city is a mansion worth $ 35 million, covering almost 11,500 square feet, built by developer SRD Building Corp.
“We’ve been setting new heights all the time,” said SRD President Scott Dingle.
The newly built modern residence, also located on West Key Palm Road in the Royal Palm Yacht & Country Club community, is located on Butterfly Palm Waterway. It includes a private dock and more than 166 feet of coastline.
The private dock of the coastal home.
Living proof
View of the garage from the home office.
Living proof
The garage for five cars in the home is doubled as a showcase for supercars, which can be seen through a glass wall from the floor to the ceiling from a desk in the home office.
Roberts, who sold $ 545 million worth of homes in the community last year alone, said the builder’s record-breaking strategy was simple.
“They buy premium [lots]and they paid a bonus for it, “he said.
Pool deck and lanai areas.
Living proof
The asking price of the home of $ 3,050 per square foot is a high bar for Boca Raton, which has not yet seen a $ 3,000 per square foot sales violation. But Dingle, who said he has built 160 houses in the community in the past 28 years, is convinced that could happen.
The builder of the specifications told CNBC that there is another home in the community under a contract for 26.5 million dollars, which should be completed later this year at a record $ 3,200 per square foot.
“You will see some new records this year,” he said.
The modern interior of the 298 W Key Palm includes a mix of stone and wood paneling with a dramatic floating staircase.
Living proof
Dingle says 95% of the homes he has built are in this community, and after nearly three decades, he continues to bet that Boca will hear the records.
“With a country club, a marina, a championship golf course, direct access to the beach, this is a special place,” Roberts said. “We have all our cards and chips.”
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