In the wake of a bustling season in Boca Raton’s most exclusive enclave, yet another lavish waterfront mansion in the Royal Palm Yacht & Country Club has changed hands for $28.5 million.

Public records indicate that the property at 360 East Alexander Palm Road was sold by the 360 East Alexander Palm Road Trust, overseen by local attorney Jay M. Sakalo, to another trust linked to the address and managed by Coral Springs-based attorney Larry Rothenberg. The identities of the ultimate buyer and seller remain undisclosed.


According to records, the selling entity had acquired the half-acre plot for $10.5 million in 2022. The trust subsequently enlisted SRD Building, led by brothers Steve and Scott Dingle, to demolish the existing residence and erect a 10,700-square-foot mansion, completed earlier this year. The opulent property boasts seven bedrooms, seven bathrooms, three half-bathrooms, a pool, and a private dock.

Roberts specializes in marketing spec homes in Royal Palm Yacht & Country Club developed by the Dingle brothers. Initially listed at $33 million in March, the mansion’s price was raised to $34 million by May, as indicated by Compass.

This sale underscores the ongoing high-dollar transactions within Royal Palm, Boca Raton’s most prestigious gated community renowned for its luxury real estate market.

In a notable precedent, the Dingle brothers set a local record in May with their $36 million purchase of a 1.7-acre waterfront plot for redevelopment, marking the highest residential sale in Boca Raton’s history.

Recent transactions in the exclusive golf community include the $19 million sale of John and Barbara Simoni’s waterfront estate in June, and Bridget Maguire’s acquisition of another mansion for $19.5 million the same month, underscoring the area’s enduring allure for affluent buyers.

With multi-million dollar transactions soaring in Boca Raton's Royal Palm Yacht & Country Club, and record-setting sales making headlines, now is an opportune moment for both buyers and sellers to capitalize on South Florida's vibrant luxury real estate market. Whether acquiring a waterfront masterpiece or listing a prestigious property, the allure of South Florida's exclusive communities continues to attract discerning investors seeking prime opportunities in one of the nation's most coveted locales.

Make sure to contact The Mastropieri Group if you are looking to buy or sell your South Florida home!

Posted by Larry Mastropieri on
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