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:
- Property Type: Single Family
- Transaction Amount: $21,500,000
- Address: 1642 Sabal Palm Drive
- Market: Boca Raton, FL
- Square Footage: 9,370
- Price Per Square Foot: $2,295
- Buyer: 1642 Sabal Palm Trust
- Seller: John R. Hargrove & Mary Cheryl Hargrove
- Buyer's Representative: Caron Dockerty - Douglas Elliman
- Seller's Representative: David Roberts - Royal Palm Properties
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
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