Kelly Martin's KM Revocable Trust Acquires Waterfront Mansion From Zaccaria Family Trust For $17.5M
166 Alexander Palm Road
$17,500,000
$1,483/SF
Building Size
11,799 SF
Asset Type
Single Family
Closing
Aug 29, 2025
AI
The property located at 166 Alexander Palm Road in Boca Raton is a single-family asset consisting of 11,799 square feet and situated on a 0.52-acre lot. This waterfront mansion was sold for $17,500,000, resulting in a price per square foot of $1,483.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,500,000
- Address: 166 Alexander Palm Road
- Market: Boca Raton
- Square Footage: 11,799
- Price per Square Foot: $1,483
- Buyer: Kelly Martin - KM Revocable Trust
- Seller: The Zaccaria family trust
- Buyer's Representative: Marcy Javor - Signature One Luxury Estates
- Seller's Representative: Matthew Quattrociocchi - Century 21 Terance Realty
Marcy Javor represented the buyer, Kelly Martin, who acted as trustee of the KM Revocable Trust. Matthew Quattrociocchi represented the seller, The Zaccaria family trust, in this transaction.
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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93