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.
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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