500 E. Alexander Land Trust Purchases Boca Raton Mansion For $20 Million With David Roberts As The Broker

A single-family property located at 500 East Alexander Palm Road in Boca Raton, FL, has been sold for $20,000,000. The asset spans 8,281 square feet and is situated on a 0.34-acre lot. The transaction reflects a price per square foot of $2,415, occurring approximately 4% below its $20.75 million purchase price from 2022.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $20,000,000
• Address: 500 East Alexander Palm Road
• Market: Boca Raton, FL
• Asset Size: 8,281 SF
• Price per Square Foot: $2,415
• Acres: 0.34
• Buyer: 500 E. Alexander Land Trust
• Seller: Amy P. Kaplan; Jeffrey Kaplan - Andalusian Credit Partners
• Broker: David Roberts - Royal Palm Properties
• Lender: Raymond James Bank

This transaction involved a trust associated with private capital executive Jeffrey L. Kaplan. The buyer secured a mortgage of $14 million from Raymond James Bank. The sale took place within Boca Raton’s Royal Palm Yacht and Country Club.