John And Kathleen Slavik Purchase Boca Raton Waterfront Home For $24 Million From Robert G. Sheetz
1992 Royal Palm Way
$24,000,000
$3,934/SF
Building Size
6,100 SF
Asset Type
Single Family
Closing
Jul 8, 2026
AI
A single-family home located at 1992 Royal Palm Way in Boca Raton, FL, has been sold for $24 million. This transaction represents the top residential sale in the market. The property spans 6,100 square feet and has a price per square foot of $3,934.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $24,000,000
- Buyer: John & Kathleen Slavik
- Seller: Robert G. Sheetz - Sheetz
- Broker: David Roberts - Royal Palm Properties
- Market: Boca Raton, FL
- Sale Date: 07/08/2026
David Roberts of Royal Palm Properties represented both the buyer, John and Kathleen Slavik, and the seller, Robert G. Sheetz, in this transaction. This sale marks a significant event in the real estate market for Boca Raton, especially being tied to the founder of Sheetz.
Players
Way 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93