Andrew A. Whitmore Of Motivair Acquires Boca Raton Mansion From Carl Klepper Jr. For $15.32M
1758 Sabal Palm Drive
$15,320,000
$1,807/SF
Building Size
8,474 SF
Asset Type
Single Family
Closing
Apr 28, 2025
AI
The property involved in the transaction is a single-family home located at 1758 Sabal Palm Drive, Boca Raton. It encompasses 0.33 acres and features 8,474 square feet of living space. The sale price for the asset was $15,320,000, which translates to a price per square foot of $1,808. The transaction took place within the Boca Raton market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,320,000
- Address: 1758 Sabal Palm Drive
- Market: Boca Raton
- Acres: 0.33
- Square Footage: 8,474
- Price per Square Foot: $1,808
- Buyer: Andrew A. Whitmore - Motivair
- Seller: Carl Klepper Jr. - Compson Associates
- Buyer's Representative: Jacqueline Feldman - One Sotheby's International Realty
- Seller's Representative: David Roberts - Royal Palm Properties
Andrew A. Whitmore, co-owner of the cooling firm Motivair, was the buyer of the property, while Carl Klepper Jr., associated with Compson Associates, acted as the seller’s representative through a trust. Jacqueline Feldman from One Sotheby’s International Realty represented the buyer in the transaction, and David W. Roberts from Royal Palm Properties represented the seller, facilitating the deal on April 28, 2025.
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93