Kevin James Purchases Boca Raton Mansion For $17.15M With Jason Matouk As Buyer's Rep
1831 Sabal Palm Drive
$17,150,000
$1,974/SF
Building Size
8,685 SF
Asset Type
Single Family
Closing
Mar 16, 2026
AI
A single-family mansion located at 1831 Sabal Palm Drive in Boca Raton has been sold for $17,150,000. The property spans 8,685 square feet and sits on a 0.34-acre lot, featuring six bedrooms. The residence is part of the Royal Palm Yacht and Country Club, highlighting its premium location in the market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,150,000
- Address: 1831 Sabal Palm Drive
- Market: Boca Raton
- Asset Size: 8,685 SF
- Price per Square Foot: $1,975
- Buyer: Kevin James
- Seller: Peter Ciregna, Marco, Maria Cervi-Capocci, and John Lombardi
- Buyer's Representative: Jason Matouk - Douglas Elliman
- Seller's Representative: Jackie Feldman - One Sotheby's International Realty
The transaction involved buyer Kevin James and seller Peter Ciregna alongside a trust that includes Marco and Maria Cervi-Capocci and John Lombardi. Jason Matouk represented the buyer while Jackie Feldman represented the seller in this significant sale reflecting the ongoing demand for ultra-luxury properties in Boca Raton.
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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93