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Kelly Martin's KM Revocable Trust Acquires Waterfront Mansion From Zaccaria Family Trust For $17.5M

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SOLD
$17,500,000

Florida

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Single Family11,799 SF
Sold 08/29/2025
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Property Image
SOLD

Kelly Martin's KM Revocable Trust Acquires Waterfront Mansion From Zaccaria Family Trust For $17.5M

166 Alexander Palm Road

See Similar Deals
Single Family11,799 SF
Sold 08/29/2025
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,483
Total Square Footage:11,799 SF
Transaction Type:Sale

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

Marcy Javor
4 deals$75.2M volume
BROKER

Marcy Javor
4 deals$75.2M volume
BROKER

Matthew Quattrociocchi
Century 21
1 deal$17.5M volume(561) 356-6363
BROKER

Details

SOLD
IMAGE: Marcy Javor & Matthew Quattrociocchi DATE: 08/29/2025 ADDRESS: 166 Alexander Palm Road MARKET: Boca Raton ASSET TYPE: Single Family ~ ACRES: 0.52 BUYER: Kelly Martin - KM Revocable Trust SELLER: The Zaccaria family trust BUYER'SREP: Marcy Javor - Signature One Luxury Estates SELLER'S REP: Matthew Quattrociocchi - Century 21 Terance Realty SALE PRICE: $17,500,000 SF: 11,799 ~ PPSF: $1,483 NOTE: The Zaccaria family trust sold a 11,799-sf waterfront mansion at 166 W. Alexander Palm Rd. in Boca Raton’s Royal Palm Yacht & Country Club for $17.5M ($1,483/sf) to the KM Revocable Trust, with Kelly Martin as trustee. Matthew Quattrociocchi of Century 21 Terance Realty repped the seller, while Marcy F. Javor of Signature One Luxury Estates repped the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$933,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14