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1642 Sabal Palm Drive

1642 Sabal Palm Trust Acquires Single Family Home From John R. Hargrove For $21.5M
SOLDSingle Family

1642 Sabal Palm Trust Acquires Single Family Home From John R. Hargrove For $21.5M

1642 Sabal Palm Drive

$21,500,000

$2,294/SF

Building Size

9,370 SF

Asset Type

Single Family

Closing

Aug 3, 2026

AI

A single-family home located at 1642 Sabal Palm Drive was sold in Boca Raton, FL for $21.5 million. The asset encompasses 9,370 square feet, translating to a price per square foot of approximately $2,295.

Summary of transaction details:

This transaction highlights the involvement of key representatives. Caron Dockerty represented the buyer, 1642 Sabal Palm Trust, while David Roberts represented the sellers, John R. Hargrove & Mary Cheryl Hargrove, in this significant deal within Boca Raton’s luxury real estate market.

Players

David Roberts

Royal Palm Properties

Broker

$473.2M

vol

31 deals

Broker

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

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93