In a significant move within the luxury real estate market, a spec mansion located in the elite enclave of Royal Palm Yacht & Country Club in Boca Raton has changed hands for a whopping $16.9 million. The deal underscores the high demand for luxury properties in the area, involving notable figures from the business world.
Peter R. Norden, the CEO of HomeBridge Financial Services, a mortgage lending firm based in Coral Gables, was the seller of this architectural marvel situated at 1812 Sabal Palm Circle. The buyers, David and Robin Reis of Harrison, New York, are well-acquainted with upscale real estate investments. David Reis serves as CEO of Senior Care Development, a firm renowned for developing and operating senior care facilities.
The Nordens, who also boast ownership of a waterfront mansion within the same community—a property they secured for $13 million in 2020—originally purchased the Sabal Palm Circle land in 2021 for $5 million. To bring their vision to life, they collaborated with Steve and Scott Dingle, the brothers at the helm of SRD Building Corporation. This company is known for its specialty in crafting spectacular residences within the Royal Palm Yacht & Country Club, ensuring that every project they undertake is nothing short of extraordinary.
The mansion, which spans 8,700 square feet and is nestled on 0.4 acres, boasts six bedrooms, seven bathrooms, two half-bathrooms, and an array of luxurious amenities. Among these are a club room, a wine room, and a swimming pool, all of which contribute to the property’s allure and sophistication.
The sale of this mansion not only highlights the desirability of Boca Raton as a prime location for luxury living but also marks a noteworthy transaction in the area’s real estate market.
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