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2633 Spanish River Rd Boca ...

$20M Boca Raton Single Family Home Sold, Sets New Luxury Home Sales Record
SOLDSingle Family Residence

$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

Senada Adzem

Douglas Elliman

Broker

$657.6M

vol

28 deals

Broker

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