Updated Oct 29, 2024
SRD Building Sells Boca Raton Mansion In Royal Palm Yacht & Country Club For $16.15M
329 Royal Palm Way, Boca Raton, FL 33432
$16,150,000
$1,935/SF
Building Size
8,344 SF
Asset Type
Single Family Residence
Closing
Aug 25, 2023
About this deal
AI
A Boca Raton mansion located at 329 Royal Palm Way in the Royal Palm Yacht & Country Club has been sold for $16.15 million. Originally listed for $18 million, this stunning property offers a golf course view and boasts 5 bedrooms, 6 bathrooms, and a spacious living area spanning 8,344 square feet.
Summary of transaction details
- Property Type: Single Family Residential
- Transaction Amount: $16,150,000
- Address: 329 Royal Palm Way, Boca Raton
- Market: Boca Raton
- Asset Type: SFR
- Lot Size: 0.34 acres
The sellers of this luxurious property were Steve Dingle, Scott Dingle, and William Scaggs, who are associated with SRD Building. The brokerage firm, Royal Palm Properties, represented the sellers in this deal, with David Roberts acting as their broker.
Boca Raton Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $16.2M for 8,344 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93