Kendal Land Trust Acquires Boca Raton Waterfront Home From Richard And Diane Templer For $18.7M
190 Northeast 5th Avenue
$18,725,000
$2,101/SF
Building Size
8,912 SF
Asset Type
Single Family
Closing
Jul 9, 2025
AI
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.
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
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93