Michael Campanella Purchases $10.5 Million Waterfront Mansion In Boca Raton With Axos Bank Financing

The asset involved in this transaction is a single-family home located at 443 East Alexander Palm Road in Boca Raton, FL. This property encompasses an area of 0.37 acres and features a total square footage of 8,246. The sale price for this property was $10,500,000, representing a price per square foot of $1,273.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $10,500,000
• Address: 443 East Alexander Palm Road
• Market: Boca Raton, FL
• Asset Size: 0.37 acres
• Total Square Footage: 8,246
• Price per Square Foot: $1,273
• Buyer: Michael Campanella
• Seller: The Frank P. Diassi 2009 Revocable Trust & The Marianne D. Diassi 2010 Revocable Trust
• Buyer's Representative: Joyce Schneider - Castles By The Beach Realty
• Seller's Representative: David Roberts - Royal Palm Properties
• Lender: Axos Bank

The transaction involved notable individuals, including the buyer, Michael Campanella, and the seller, represented by the trusts associated with the Diassi family. Joyce Schneider from Castles By The Beach Realty represented the buyer, while David Roberts from Royal Palm Properties acted on behalf of the seller. The property, constructed in 2016, was sold for the first time, and the acquisition was financed in part through a mortgage of $9.9 million from Axos Bank.