Mansion in Boca Raton is commanding Miami Beach prices. here’s a look inside

Ultra-high-end real estate in Boca Raton, Florida, has been rising in the stratosphere, breaking record sales prices every year for five consecutive years. And the price per square foot of the city’s top homes is now on par with Miami Beach pricing.

“People think of Miami when the topic turns to high-end South Florida real estate,” said Senada Adzem, a Douglas Elliman real estate agent, “but Boca Raton is, without question, one of the area’s premier luxury residential markets.” is one.

According to public records, the all-time top sale in the city, located about 45 miles north of Miami and 28 miles south of Palm Beach, traded for $24.5 million last year, costing more than $2,800 per square foot. Was. That’s more than four times the average $670 price per square foot for a luxury home representing the top 10% of sales in Boca.

According to the most recent, the average price per square foot in Miami Beach also topped record sales at $2,766. Alliman reports for Q1.

“Trophy properties have gained momentum in the South Florida market over the past three years — for tax benefits, for security reasons, and because of the pandemic,” Adzem told CNBC.

This year has already seen three more mega-homes in Boca Bazar, each of which is priced to break last year’s record and lift the city’s high-end even higher.

A closer look at the three highest priced homes for sale in Boca Raton:

waterfront home 169 West Key Palm Road Was listed this week for $26.9 million. It’s located behind the private gates of Boca’s luxurious Royal Palm Yacht and Country Club community, and the asking price is just $3,000 per square foot.

The approximately 9,000 sq ft dwelling is being sold fully furnished. Dustin Nero at Douglas Elliman, who co-lists the home with Adzem, says high-end buyers moving from places like California and New York are willing to pay a premium for a turnkey mansion.

“It overlooks the Royal Palm Marina. You don’t see a house—it’s a very premium view,” said Nero, who believes the home’s unique view will help break the city’s sale price record.

The six-bedroom home sits at 104 feet of waterfront with deep-water dockage on the Fishtail Palm Waterway and includes five full baths and two half baths.

Nero, which represents clients in both Miami and Boca, believes that a trophy home in Boca is still a relative bargain compared to the very top-end ones in Miami.

“This home in Miami would list for $4,000 or $4,500 per square foot,” he said.

Another selling point for Boca: Buyers can land their private jets here. The private airport in Boca recently added its own customs office, Nero said, the ultimate convenience for local residents traveling internationally by private jet.

This approximately-10,000 square foot home was located on the Intracoastal Waterway in Boca’s estate section Listed this month for $28.5 million, This puts the price per square foot under $2,900.

“It’s like a work of residential art that manages to walk the line between artistic splendor and resort-style comfort,” said Adzem, who is a co-listing agent on the property with Nero.

The contemporary home, which is being sold fully furnished, comes out on two floors with six bedrooms, eight baths and a half bath. The owner’s bedroom is cantilevered on the deck, so when you lie in bed the room seems to float on top of the water.

The home’s luxurious living room features double-height windows that offer panoramic views and soak up the room in sunlight.

Ground-level glass panels slide in, blurring the lines between indoor and outdoor spaces.

The room also includes a 12-foot double-sided fireplace clad in gray and black porcelain.

Adzem told CNBC that the home also includes an ultra-high-end, hospital-grade air filtration system that ties into the central air system.

“It is specially designed for a COVID-free home environment, with separate HVAC areas for each room,” she said.

The highest priced home for sale in the city is a $35 million mansion spread over 11,500 square feet, built by a developer SRD Building Corporation

“We are constantly setting new heights,” said SRD President Scott Dingle.

The newly constructed modern residence is located on West Key Palm Road in the Royal Palms Yachts & Country Club community, on Butterfly Palm Waterway. It includes a private dock and more than 166 feet of waterfront.

The home’s five-car garage doubles as a supercar showcase that’s visible through a floor-to-ceiling glass wall from a desk in the home office.

Roberts, who sold $545 million worth of homes in the community just last year, said the imagination maker’s record-breaking strategy is simple.

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

The home’s $3,050-per-square-foot asking price is a high bar for Boca Raton, which has yet to see a sale breach $3,000 per square foot. But Dingle, who said he has built 160 homes in the community over the past 28 years, believes it can happen.

The fantasy producer told CNBC that he has Another home in the community under contract for $26.5 millionIt’s due to close later this year at a record-breaking $3,200 per square foot.

“This year you’re going to see some new records set,” he said.

Dingle says 95% of the homes he builds are in this one community, and nearly three decades later, he’s betting on breaking Boca’s record.

“With a country club, marina, championship golf course, direct access to the beach, it’s a special place,” Roberts said. “We have all our cards and chips.”