Phillip Kirschbaum Sells Waterfront Mansion In Boca Raton For $24.5 Million Represented By David Roberts
298 West Key Palm Road
$24,500,000
$2,130/SF
Building Size
11,500 SF
Asset Type
Single Family
Closing
Feb 19, 2026
AI
The property at 298 West Key Palm Road in Boca Raton is a single-family waterfront mansion that features six bedrooms and spans 11,500 square feet. The estate, built in 2022, is situated on 0.6 acres within the prestigious Royal Palm Yacht & Country Club. The current asking price for the property is $24.5 million, reflecting a notable increase from the seller's purchase price of $22.6 million in 2023.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $24,500,000
- Address: 298 West Key Palm Road
- Market: Boca Raton
- Square Footage: 11,500
- Price Per Square Foot: $2,130
- Seller: Phillip Kirschbaum
- Broker: David Roberts - Royal Palm Properties
- Acres: 0.6
- Waterfront footage: 166 feet
David Roberts represents the seller, Phillip Kirschbaum, in this transaction. The agreement reflects a significant demand for high-end properties in the Boca Raton market, with the transaction indicating the strength of real estate in this upscale community.
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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93