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298 West Key Palm Road

Phillip Kirschbaum Sells Waterfront Mansion In Boca Raton For $24.5 Million Represented By David Roberts
SOLDSingle Family

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.

Players

David Roberts

Royal Palm Properties

Broker

$417.2M

vol

28 deals

Broker

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