Brett And Alison Bartman Acquire Mansion In Boca Raton For $19 Million With City National Bank Loan
224 West Key Palm Road
$19,000,000
$1,929/SF
Building Size
9,845 SF
Asset Type
Single Family
Closing
Mar 24, 2026
AI
A single-family property located at 224 West Key Palm Road in Boca Raton's Royal Palm Yacht & Country Club has been sold for a total of $19 million. This asset spans 9,845 square feet and sits on a 0.34-acre lot. The price per square foot amounts to $1,930, reflecting significant value within the current market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $19,000,000
- Buyer: Brett Bartman & Alison Bartman
- Seller: Mikhail Avrutin - Baltic Hotel Group
- Buyer's Representative: Jason Morss - Tangent Realty
- Seller's Representative: David Roberts - Royal Palm Properties
- Lender: City National Bank
- Mortgage Amount: $7,775,000
The transaction involved Brett and Alison Bartman purchasing the mansion from Mikhail Avrutin, represented by David Roberts of Royal Palm Properties. The buyers were represented by Jason Morss of Tangent Realty, indicating a structured representation for both parties throughout the sale process.
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93