East Maya Palm Drive Revocable Trust Acquires Waterfront Lot From Steven R. Dingle For $17M
2408 Maya Palm Drive East
$17,000,000
Building Size
—
Asset Type
Land
Closing
Jul 14, 2026
About this deal
AI
A 0.41-acre waterfront home lot located at 2408 Maya Palm Drive East in Boca Raton, FL, has been sold for $17 million. The asset falls within the luxury residential market, specifically in Royal Palm Yacht & Country Club, highlighting its exclusivity and appeal in a competitive real estate environment.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $17,000,000
- Address: 2408 Maya Palm Drive East
- Market: Boca Raton, FL
- Seller: Steven R. Dingle - SRD Building
- Buyer: East Maya Palm Drive Revocable Trust
- Acquisition Price: $15,500,000
- Sale Date: 07/14/2026
- Acreage: 0.41
An affiliate of SRD Building engaged in this off-market transaction, reflecting a strategic move to capitalize on demand for Intracoastal properties in a luxury enclave. The sale occurred just over a month after the initial acquisition, demonstrating a profitable turnaround without any renovation or new construction involved.
Boca Raton Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Boca Raton land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93