$20M Boca Raton Single Family Home Sold, Sets New Luxury Home Sales Record
2633 Spanish River Rd Boca Raton, FL 33432, USA
$20,000,000
$2,006/SF
Building Size
9,967 SF
Asset Type
Single Family Residence
Closing
Jun 6, 2023
AI
A lavish home located at 2633 Spanish River Road in Boca Raton, Florida, has been sold for an impressive price of $20 million. This transaction exceeded last year's sale price by $2.5 million, highlighting the high demand and prestige of real estate in the area. The property is a single-family home situated on 0.41 acres, offering a total of 9,967 square feet of living space.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $20,000,000
- Address: 2633 Spanish River Road
- Market: Boca Raton
- Asset Type: Single Family
- Acres: 0.41
This remarkable deal was facilitated by brokers Senada Adzem and Dustin Nero from Douglas Elliman, who represented the parties involved in the transaction. Their expertise and negotiation skills played a crucial role in achieving the successful sale of this luxurious property.
The sale of this exquisite home sets a new benchmark for luxury home sales in Boca Raton, further emphasizing the desirability and exclusivity of the local real estate market.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93