Home News A look inside the Boca Raton mansions commanding Miami Beach prices

A look inside the Boca Raton mansions commanding Miami Beach prices

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A $ 28.5 million mansion recently on the market in Boca Raton, Florida, on the 2633 Spanish River Road.

Danny Petroni

Boca Raton, Florida’s ultra-luxury real estate is rising in the stratosphere, surpassing record selling prices each year for the fifth consecutive year. And the price per square foot of luxury homes in town is now comparable to the price of Miami Beach.

Douglas Elliman real estate agent Senada Azem said, “People tend to think of Miami when the subject turns to luxury real estate in South Florida, but Boca Raton is arguably the best in the region. It’s one of the luxury housing markets in Miami. “

Located about 45 miles north of Miami and 28 miles south of Palm Beach, public records show that the town’s highest-ever sales traded at $ 24.5 million last year, with prices per square foot exceeding $ 2,800. rice field. That’s more than four times the average price of $ 670 per square foot of luxury homes, which is the top 10% of Boca’s sales.

Record sales exceed the average price of $ 2,766 per square foot achieved at Miami Beach, according to the latest report. Eliman report for the first quarter.

“Trophy assets have gained momentum in the South Florida market over the past three years due to tax incentives, safety reasons, and pandemics,” Adzem told CNBC.

Great room on 2633 Spanish River Road in Boca Raton, Florida.

Danny Petroni

Already this year, three megahomes are on the Boca market, each breaking last year’s record and at a price that pushes the town’s high end even higher.

Take a closer look at the three best-priced homes for sale in Boca Raton.

169 West Key Palm Road

Dusk view of the 169W key palm from the waterway.

Danny Petroni

Waterfront house 169 West Key Palm Road It went public this week for $ 26.9 million. Behind the private gates of Boca’s fashionable Royal Palm Yacht & Country Club community, the asking price is $ 3,000 per square foot.

Living room with views of the marina.

Danny Petroni

Approximately 9,000 square feet of dwellings are sold in furnishings. Douglas Elliman’s Dustin Nero, who co-lists the house with Azem, says high-end buyers traveling from places like California and New York want to pay a premium for turnkey condominiums.

Sunset view from the infinity pool and dock.

Danny Petroni

“Overlooking the Royal Palm Marina. You never see the house. It’s a very upscale view,” said Nero, who believes that the unique view of the house helps to break the town’s selling price record. ..

Owner’s suite overlooking the waterway and marina.

Danny Petroni

The 6-bedroom home is located on the 104-foot waterfront, with a deep-sea dock in the Fishtail Palm Channel, with five full baths and two half baths.

One of the two walk-in closets in the house’s primary suite.

Danny Petroni

Nero, who represents both Miami and Boca clients, believes that Boca’s trophy home is still relatively affordable compared to Miami’s top end.

“This house in Miami will be listed for $ 4,000 or $ 4,500 per square foot,” he said.

The pool and hot tub above the docks of the house overlook the community marina.

Danny Petroni

Another selling point of Boca: Buyers can land a private jet here. Boca’s private airport recently added its own customs office, Nero said. This is the ultimate convenience for locals traveling abroad on private jets.

2633 Spanish River Road

View of the 2633 Spanish River from above the Intracoastal Waterway.

Danny Petroni

The front door of the house is adjacent to the water feature, with one side extending across the sidewalk and the other side straddling lush vegetation.

Danny Petroni

“It’s like a piece of residential art that manages to roam the line between artistic splendor and resort-style comfort,” said Azem, a co-listing agent for the property with Nero.

View from the primary suite of cantilever.

Danny Petroni

The contemporary home, sold in furnishings, spans two floors with six bedrooms, eight baths and one half bath. The owner’s bedroom is supported by a cantilever on the deck, so when lying on the bed, the room looks like it’s floating above the water.

Owner’s suite terrace overlooking the pool and waterways.

Danny Petroni

The wonderful rooms of the house have double-height window walls that provide panoramic views and soak the room in the sunlight.

The glass panels on the ground slide away, blurring the line between indoors and outdoors.

The room also has a 12-foot double-sided fireplace covered with gray and black porcelain.

Retractable glass walls open a wonderful room in the outdoor lounge and pool.

Danny Petroni

Adzem told CNBC that the house also includes an ultra-high-end hospital-grade air filtration system connected to a central air system.

“It’s specially designed for a Covid-free home environment, and each room has a separate zone for HVAC,” she said.

298 West Key Palm Road

Night view of 298W key palm from the pool area.

Proof of being alive

The most expensive home for sale in town is a $ 35 million mansion built by a developer, covering approximately 11,500 square feet. SRD Building Co., Ltd.

“We have consistently set new highs,” said Scott Dingle, president of SRD.

The newly constructed modern residence on West Key Palm Road in the Royal Palm Yacht & Country Club Community is located on the Butterfly Palm Waterway. It has a private dock and a waterfront over 166 feet.

Private dock of the waterfront house.

Proof of being alive

View the garage from your home office.

Proof of being alive

The five-car garage in the house also doubles as a supercar showcase that can be seen through the floor-to-ceiling glass walls of the home office desk.

Roberts, who sold $ 545 million worth of homes in the community last year, said the spec builder’s record-breaking strategy was simple.

“They buy a premium [lots]And they put a premium on it, “he said.

Pool deck and veranda area.

Proof of being alive

The asking price of $ 3,050 per square foot of a house is a high standard for Boca Raton. Boca Raton has not yet seen a $ 3,000 sales breach per square foot. But Dingle, who said he’s built 160 homes in the community over the last 28 years, is convinced that’s possible.

Spec Builder told CNBC he has Another home in the community with a $ 26.5 million contractWill close at a record $ 3,200 per square foot later this year.

“We will see some new records set this year,” he said.

The modern interior of the 298 W Key Palm mixes stone and wood finishes with a dramatic floating staircase.

Proof of being alive

Dingle says that 95% of the homes he builds are in this one community and he’s been betting on Boca’s record-breaking almost 30 years later.

“It’s a special place with a country club, a marina, a championship golf course and direct access to the beach,” says Roberts. “All cards and chips are included.”

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