Updated Dec 4, 2024
Joseph Liguori Of Premier Estate Properties Represents Buyer In $28.5 Million Boca Raton Sale
360 Alexander Palm Road
$28,500,000
$2,657/SF
Building Size
10,723 SF
Asset Type
Single Family
Closing
Jul 22, 2024
About this deal
AI
A waterfront mansion located at 360 Alexander Palm Road in Boca Raton, Florida, has been sold for $28.5 million. The property features a total living area of 10,723 square feet and is situated on a 0.48-acre lot within the upscale Royal Palm Yacht & Country Club. The sale was completed in July 2024, with the home being completed this year by SRD Building.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $28,500,000
- Square Footage: 10,723
- Price Per Square Foot: $2,658
- Address: 360 Alexander Palm Road
- Market: Boca Raton
- Buyer's Representative: Joseph Liguori - Premier Estate Properties
- Seller's Representative: David Roberts - Royal Palm Properties
The transaction involved the 360 East Alexander Palm Road Trust, managed by Jay M. Sakalo, selling the property to another trust managed by Larry Rothenberg. The sale highlights the continued interest in luxury real estate in Boca Raton.
On the Map
$28,500,000
$2,657/SF
Single Family
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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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93