Updated Dec 4, 2024
Robert G.W. Laute Acquires 8,921 SF Boca Raton Mansion For $26.5M
480 Alexander Palm Road
$26,500,000
$2,970/SF
Building Size
8,921 SF
Asset Type
Single Family
Closing
Mar 29, 2024
About this deal
AI
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.
Players
Boca Raton Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $3K per square foot on a published $26.5M for 8,921 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93