Boca Raton Record: $75M Sale Doubles Previous High
Key Takeaways
- •Dingle brothers sold their Boca Raton waterfront mansion for $75 million.
- •The sale doubles the previous residential record in Boca Raton.
- •The 18,300-square-foot estate sits on 0.8 acres with 292 feet of water frontage.
A waterfront estate built by developers Steve and Scott Dingle has closed for $75 million in Boca Raton, establishing a new record for residential sales in the city and within the exclusive Royal Palm Yacht & Country Club community.
The transaction involves an 18,300-square-foot mansion at 2500 East Maya Drive that the Dingle siblings constructed through their company SRD Building. David Roberts of Royal Palm Properties handled both sides of the transaction, initially listing the property at $80 million before securing the record-breaking sale price.
The deal represents a significant jump from the previous Boca Raton record, surpassing it by more than double. The Dingle brothers originally acquired the 1.7-acre property in 2024 for $36 million, subsequently dividing it into two separate parcels for development.
Situated on a 0.8-acre corner lot, the completed residence features 292 feet of water frontage along what Roberts describes as the "Boca Raton Riviera." The eight-bedroom home includes 10 full bathrooms and five powder rooms, along with extensive amenities such as a wellness wing housing a fitness center, club room, golf simulator, and game room.
Roberts reported that three potential buyers toured the completed property in early May, following a deliberate marketing strategy that waited for full completion before market introduction. The approach reflects current buyer expectations at the ultra-luxury price point, where finished presentations have become standard.
The Royal Palm Yacht & Country Club community continues attracting high-profile residents, with comedian Kevin James purchasing a $17.2 million mansion earlier this year. His 8,685-square-foot residence includes six bedrooms and eight and a half bathrooms on a smaller 0.3-acre lot.
The sale occurs amid continued strength in South Florida's ultra-luxury real estate market, particularly in established waterfront communities. Royal Palm sits south of the Boca Raton Resort & Club, where billionaire investors Byron Trott and Michael Dell's BDT & MSD Partners are developing a luxury condominium building. The merchant bank acquired the resort from Blackstone for $875 million in 2019 and has since undertaken comprehensive property improvements.
Roberts indicated the transaction will establish new pricing benchmarks for both Boca Raton generally and the Royal Palm community specifically, reflecting sustained demand for premium waterfront properties in South Florida's most exclusive markets.
