Jeff Norman Acquires Waterfront Property In Boca Raton For $23.5M - Premier Estate Properties Represented

A waterfront single-family property located at 2408 East Maya Palm Drive in Boca Raton, Florida has been sold for $23.5 million. The property spans 0.83 acres and features 5,521 square feet of living space. With a price per square foot of $4,256, the sale price reflects a significant reduction from its original listing price of $41.5 million. The property's prime location offers 260 feet of frontage along the Intracoastal Waterway.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $23,500,000
• Market: Boca Raton
• Address: 2408 East Maya Palm Drive
• Acres: 0.83

The buyer of this property is Jeff Norman, a local builder. Norman plans to demolish the existing house, which was built in 1964, and develop one or two new homes on the expansive one-acre property. The deal was facilitated by Carmen D’Angelo Jr., Joseph Liguori, and Gerard Liguori of Premier Estate Properties, who represented both the buyer and the seller in the transaction.