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1788 Royal Palm Way

Jeffrey D. Fisher Trust Purchases Boca Raton Mansion For $31.5 Million With Broker David Roberts
SOLDSingle Family

Jeffrey D. Fisher Trust Purchases Boca Raton Mansion For $31.5 Million With Broker David Roberts

1788 Royal Palm Way

$31,500,000

$3,763/SF

Building Size

8,370 SF

Asset Type

Single Family

Closing

May 23, 2025

AI

A waterfront mansion located at 1788 Royal Palm Way in Boca Raton’s Royal Palm Yacht & Country Club was sold for $31,500,000. The single-family home encompasses 8,370 square feet and sits on a 0.74-acre lot, translating to a price per square foot of $3,763. The previous sale in 2020 was for $16,750,000.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $31,500,000
  • Address: 1788 Royal Palm Way
  • Market: Boca Raton
  • Acres: 0.74
  • Square Footage: 8,370
  • Price Per Square Foot: $3,763
  • Buyer's Representative: David Roberts - Royal Palm Properties
  • Seller's Representative: Louise Buehler - Douglas Elliman

The mansion was sold by the estate of Barbara M. Voorhees to a trust led by Jeffrey D. Fisher. This transaction reflects a significant appreciation in property value since the last recorded sale.

Players

David Roberts

Royal Palm Properties

Broker

$417.2M

vol

28 deals

Broker
Royal Palm Properties
Royal Palm PropertiesBrokerage

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

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93