Come explore the details of this waterfront Boca Raton spec mansion that recently sold for an astounding $28 million!

The Property: A Luxurious Waterfront Beauty

First, let's explore the mansion itself. Located in the prestigious Royal Palm Yacht & Country Club in Boca Raton, this waterfront gem offers everything you could ever dream of in a luxury home.

Imagine entering a place where luxury and serenity blend seamlessly; that's what you'll experience at Mikhail Avrutin's waterfront spec mansion located in the prestigious Royal Palm Yacht & Country Club. This extraordinary piece of architecture is not just a house—it's a symbol of wealth and magnificence.

Key Features of the Mansion:

  • Spacious Layout: Spanning an impressive 9,900 square feet, this mansion offers a spacious and well-designed layout that effortlessly connects its beautiful interiors with its stunning exteriors.
  • Luxurious Bedrooms and Bathrooms: Indulge in the comfort of six extravagant bedrooms and seven-plus-one bathrooms, each meticulously designed to provide a luxurious sanctuary for both residents and guests.
  • Top-Notch Kitchen: For culinary enthusiasts, the state-of-the-art kitchen equipped with high-end appliances and exquisite finishes will be a dream come true.
  • Resort-Style Outdoor Spaces: Step outside into your own private paradise featuring a pristine pool as the focal point, perfectly complemented by manicured lawns and ample lounging areas—ideal for enjoying the abundant sunshine of Florida.
  • Exclusive Private Dock: If you're a yacht lover, you'll appreciate the convenience of having your own private dock, offering direct access to the sparkling waters for spontaneous boat trips or peaceful sunset cruises.

Boca Raton spec mansion exterior view

Mikhail Avrutin: A Hotelier's Venture into Real Estate

A seasoned hotelier, Mikhail Avrutin is no stranger to the world of high-end properties. Known as the man behind the Baltic Hotel Group, his association with the hospitality industry has offered him a unique perspective on luxury accommodations and customer service.

A Passion for South Florida Real Estate

Avrutin's love for South Florida is clear in his frequent investments in the region's real estate market. But he doesn't just buy any property – he has a knack for finding hidden gems with potential and turning them into stunning works of art, like the incredible mansion by the water.

Transforming Properties into Masterpieces

In 2020, Avrutin purchased this land for $5.5 million. At that time, there was already a 5,300-square-foot house on it. However, he wasn't satisfied with what was already there. Instead, he had a vision for something even more magnificent – a sprawling 9,900-square-foot luxury home that would perfectly suit its prime location at Royal Palm Yacht & Country Club.

The Art of Luxury Living

The sale of this mansion for $28 million is proof of Avrutin's attention to detail and knowledge of what makes a truly luxurious living space. It demonstrates how he effortlessly combines his background in the hotel industry with smart real estate investment tactics to create properties that stand out – and come with hefty price tags!

Looking Ahead

Now that Avrutin has added this impressive mansion to his portfolio, we can't help but wonder what other exciting projects he'll pursue in Boca Raton's thriving luxury property market.

The Allure of Royal Palm Yacht & Country Club for Luxury Buyers

Luxury real estate in Boca Raton doesn't get much better than this. Do you know where the big players, the movers and shakers, the who's who of Boca Raton are setting up their nests? That's right - The Royal Palm Yacht & Country Club. It's not just a neighborhood; it's a statement.

Why Choose Royal Palm Yacht & Country Club?

1. Breathtaking Views

Imagine waking up every morning to stunning waterfront views from your bedroom window. You stroll across your sprawling mansion to the gourmet kitchen for a cup of freshly brewed coffee. Then it's off to your private dock where your yacht is moored, ready for a leisurely sail around the pristine waters of Boca Raton. Sounds like a dream, doesn't it? Well, at Royal Palm, it's just another Tuesday.

2. Unmatched Luxury Amenities

This community isn't one of the most desirable and expensive in Boca Raton; it is Boca Raton's most sought-after neighborhood. Not only does it offer impeccable waterfront properties that would leave any luxury buyer weak in the knees, but it also boasts world-class amenities that put even some 5-star resorts to shame:

  • An exceptional golf course
  • State-of-the-art fitness center
  • Private marina for yacht owners

Royal Palm Yacht & Country Club is truly an epitome of exclusive communities in Boca Raton. A residence here isn’t just about owning a house; it’s about buying into a lifestyle of elegance and sophistication that’s second to none.

Soon we'll dive into how this level of luxury is reflected in Boca Raton's thriving property market.

The Thriving Luxury Property Market in Boca Raton, Florida

Now, let's take a step back and look at the bigger picture: the luxury property market in Boca Raton. This vibrant city, known for its beautiful coastlines and exclusive country clubs, is a hotspot for high-value property transactions in South Florida.

Why Luxury Buyers Choose Boca Raton

You might be wondering: "Why are luxury buyers flocking to Boca Raton?" To answer this, we need to dive into the latest market trends and insights from local experts.

Local real estate experts have noticed a significant increase in demand for luxury homes. They believe that several factors contribute to this trend:

  • Year-round sunshine: Who wouldn't want to live in a place where it's summer all the time?
  • Tax benefits: Florida's favorable tax laws make it an attractive destination for wealthy individuals.
  • High-end amenities: From private golf courses to world-class dining options, Boca Raton offers a lifestyle that many aspire to.

These factors combined make Boca Raton an irresistible choice for those seeking luxury properties.

The Significance of the $28M Mansion Sale

The recent sale of a $28 million spec mansion is more than just another real estate transaction; it demonstrates the strength and appeal of Boca Raton's high-end property market. This sale confirms that affluent buyers are willing to invest substantial amounts in properties that provide an exceptional combination of location, luxury, and lifestyle.

So, whether you're planning to buy or simply enjoy following impressive real estate deals - keep an eye out for Boca Raton!

Boca Raton spec mansion recently sold by hotelier

Wrapping Up: The Splendor of Boca Raton's Finest

When we heard that a hotelier sold a magnificent waterfront mansion in Boca Raton for an astonishing $28 million, we were completely blown away. This isn't just any ordinary home; it perfectly embodies the extravagant lifestyle that Boca Raton real estate is known for. Just imagine – the combination of lavish luxury, an unbeatable waterfront location, and exquisite craftsmanship all in one stunning package. It's like discovering a hidden treasure in the world of real estate!

A Testament to Luxury Living

This mansion's incredible journey from a $5.5 million investment to its jaw-dropping $28 million sale price is a true testament to the vision, ambition, and undeniable charm of Boca Raton. It showcases everything that makes this city so desirable:

  1. Unparalleled Beauty: With six spacious bedrooms and over seven luxurious bathrooms, this mansion offers ample space for relaxation and indulgence.
  2. A Paradise Within: The envy-inducing pool provides the perfect oasis for cooling off on hot summer days or simply lounging around in style.
  3. A Gateway to Adventure: The private dock, specifically designed for yachts, opens up endless possibilities for exploring the open waters and enjoying thrilling aquatic adventures.

A Dream Come True

It's no wonder why this property attracted so much attention and quickly found its new owner – someone who recognized its true value and couldn't resist the allure of owning such a remarkable piece of real estate.

But why stop at just reading about this magnificent mansion? Boca Raton is filled with an abundance of breathtaking properties waiting to be discovered, each with its own unique story to tell. So whether you're actively looking to buy or simply daydreaming for now, make sure to keep an eye out for the latest listings in this vibrant city.

Embrace the Excitement

Boca Raton's real estate scene is constantly evolving and surprising us with its endless array of extraordinary properties. Who knows, the next headline-making sale might just be around the corner!

Discover South Florida is sponsored by The Mastropieri Group. If you’re thinking of buying or selling a home in Boca Raton, reach out and we would love to help!

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