Robert G.W. Laute Acquires 8,921 SF Boca Raton Mansion For $26.5M

A luxurious waterfront mansion located at 480 East Alexander Palm Road in Boca Raton's Royal Palm Yacht & Country Club was recently sold for $26.5 million. The stunning property, spanning 0.35 acres, was meticulously crafted by SRD Building and features a total of 8,921 square feet. The mansion, characterized by six bedrooms and seven bathrooms, was listed at $29 million and was ultimately purchased fully furnished, contributing to the area's thriving luxury real estate market.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $26,500,000
• Market: Boca Raton
• Size: 8,921 square feet
• Price per Square Foot: $2,971

The buyer of the luxurious waterfront mansion at 480 East Alexander Palm Road in Boca Raton's Royal Palm Yacht & Country Club was Robert G.W. Laute. Representing the buyer was Ina Bloom from Compass, while the seller, Jay Sakalo, was represented by David Roberts from Royal Palm Properties. This notable sale, facilitated by prominent real estate professionals, showcases the prestige and allure of the area's luxury property market.