David J. Breazzano Of Polen Capital Purchases Waterfront Mansion In Boca Raton For $16.4M
1203 Spanish River Road
$16,400,000
$1,699/SF
Building Size
9,653 SF
Asset Type
Single Family
Closing
Nov 14, 2025
AI
A waterfront mansion located at 1203 Spanish River Road in Boca Raton, comprising 9,653 square feet, was sold for $16,400,000. The property sits on 0.51 acres in a highly sought-after market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,400,000
- Address: 1203 Spanish River Road
- Market: Boca Raton
- Square Footage: 9,653
- Price Per Square Foot: $1,699
- Buyer: David J. Breazzano - Polen Capital
- Seller: Thomas S. Wickwire & Jeanne M. Wickwire
- Brokers: Joseph Liguori & Gerard Liguori - Premier Estate Properties
David J. Breazzano of Polen Capital acquired the mansion, setting a record price in the Estates Section of the city's barrier island. The property was previously owned by Thomas and Jeanne Wickwire, with the brokerage services provided by Joseph and Gerard Liguori from Premier Estate Properties. The mansion's value has more than doubled since its sale in 2015.
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Boca Raton Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93