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224 West Key Palm Road

Brett And Alison Bartman Acquire Mansion In Boca Raton For $19 Million With City National Bank Loan
SOLDSingle Family

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:

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

David Roberts

Royal Palm Properties

Broker

$417.2M

vol

28 deals

Broker

Brett Bartman

Buyer

$19M

vol

1 deal

Buyer

Mikhail Avrutin

Baltic Hotel Group

Seller

$47.5M

vol

3 deals

Seller
City National Bank
City National BankLender

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