Kendal Land Trust Acquires Boca Raton Waterfront Home From Richard And Diane Templer For $18.7M

A single-family waterfront home located at 190 Northeast 5th Avenue in Boca Raton, encompassing 8,912 square feet, has been sold for $18,725,000. The property, which sits on 0.67 acres, was initially listed for $25 million in 2023.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $18,725,000
• Address: 190 Northeast 5th Avenue
• Market: Boca Raton
• Square Footage: 8,912
• Price Per Square Foot: $2,101
• Buyer: Kendal Land Trust
• Seller: Richard & Diane Templer
• Brokers: Joseph Liguori, Pascal Liguori & Antonio Liguori - Premier Estate Properties
• Listing Price: $25 million
• Previous Purchase: $28.5 million mansion in Royal Palm Yacht & Country Club

Joseph Liguori, Pascal Liguori, and Antonio Liguori from Premier Estate Properties represented the sellers, Richard and Diane Templer, in this transaction. The sale reflects the Templers' strategic movement within the real estate market following their recent high-value home acquisition.