Updated Aug 31, 2026
Whitehaven Drive Trust Acquires Boca Raton Mansion From David Reich For $15.75M
17119 Whitehaven Drive
$15,750,000
$1,539/SF
Building Size
10,229 SF
Asset Type
Single Family
Closing
Aug 20, 2026
About this deal
AI
The property asset involved in this transaction is a single-family residence located at 17119 Whitehaven Drive in Boca Raton, FL, featuring a total square footage of 10,229. This property comprises 0.55 acres and was sold for $15,750,000, equating to a price per square foot of $1,540.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,750,000
- Address: 17119 Whitehaven Drive
- Market: Boca Raton, FL
- Square Footage: 10,229
- Price Per Square Foot: $1,540
- Buyer: Whitehaven Drive Trust
- Seller: David Reich - Reich Construction Group
- Buyer's Representative: Bambi Ross - Starlink Realty, Inc
- Seller's Representatives: Mark Nestler & John Poletto - ONE Sotheby's International Realty
This transaction involved David Reich from Reich Construction Group selling the property to Whitehaven Drive Trust. Mark Nestler and John Poletto represented the seller, while Bambi Ross represented the buyer in this deal.
Players
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
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93