Steven Dingle Acquires Single Family Estate In Boca Raton For $40M

A waterfront mansion in Boca Raton, Florida, sold for a record $40 million, despite its 1990s construction, with plans for demolition to make way for a new luxury home. Situated on 1.68 acres in the Royal Palm Yacht & Country Club, the property features expansive water frontage, two outdoor pools, and was originally listed at $52 million by agents Jill Hertzberg and Jon Mann of the Jills Zeder Group, reflecting the area's booming real estate market where median home sale prices rose by 37.5% year-over-year to $7.5 million in March.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $40,000,000
• Address: 2499 South Maya Palm Drive
• Market: Boca Raton
• Asset Type: Single Family
• Acres: 1.68
• Square Footage: 9,480
• Price per Square Foot: $4,219

The buyer, Steven Dingle, of SRD Building, was represented by David Roberts of Royal Palm Properties in the acquisition of the property. On the other side of the deal, sellers' representatives Jill Hertzberg and Jonathan Mann from The Jills Zeder Group, alongside Coldwell Banker, facilitated the sale. The transaction, involving these key individuals and companies, marks a significant deal in the evolving real estate landscape of Boca Raton, Florida.