Boca Raton's most expensive waterfront property sold for $40M - only for Florida mansion to be knocked down

A waterfront mansion in Boca Raton in Florida has sold for a record $40 million.

But - despite only being built in the 1990s - the buyer plans to tear it down and build a new home in its place.

It has two outdoor swimming pools and sits on 400 feet of water frontage on the Intracoastal Waterway and a canal.

The property is set over 1.7 acres in the fancy Royal Palm Yacht & Country Club.

It was first listed by agents Jill Hertzberg and Jon Mann of the Jills Zeder Group at Coldwell Banker Realty in April 2023 for $52 million.

(The waterfront mansion is located in the prestigious Royal Palm Yacht & Country Club in Boca Raton in Florida)

(It sits on 400 feet of water on the Intracoastal Waterway and a canal)

(It has two swimming pools, including one infinity pool)

Hertzberg and Mann told The Wall Street Journal this week that it has sold for $40 million - a record for the area.

The home was built over several years by the late financial-publishing entrepreneur Glen K. Parker and his accountant wife Sandy.

Parker died in 2022 and the sale was handled by a family trust, according to his son from a previous relationship, Randy, who spoke to the WSJ.

It is not known what the land cost originally.

There is a primary three-bedroom main home with a curved front that tracks the edge of the water it looks over, plus a guesthouse.

Inside the main house, across 10,000 square feet, the main bedroom offers water views, double bathrooms, a workout area, and a rooftop patio.

(There is a main three-bedroom main home with a curved front that tracks the edge of the water it looks over)

(The infinity pool in the Boca Raton waterfront mansion is seen at night)

(The property is set over 1.7 acres in the fancy Royal Palm Yacht & Country Club)

(Boca Raton in Florida is a property hotspot)

(The front of the home, which was built over several years by the late financial-publishing entrepreneur Glen K. Parker and his accountant wife Sandy)

(The garden is landscaped but this may also be destroyed when the mansion is demolished)

(Inside the main house, across 10,000 square feet, the main bedroom offers water views, double bathrooms, a workout area, and a rooftop patio)

Ref: Boca Raton's most expensive waterfront property sold for $40M - only for Florida mansion to be knocked down (dailymail)

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