The Real Deal Miami

Boca Raton waterfront lots sell for $9 million

By Alexander Britell | December 12, 2011 03:40PM


The lots at the Royal Palm Yacht Club

Three adjacent undeveloped residential lots in Boca Raton’s Royal Palm
Yacht Club have been sold for $9 million, according to a warranty deed
filed in Palm Beach County Circuit Court Dec. 7.

The seller was Maureen
Egan, and the buyer was the 400 Alexander Palm Land Trust, which lists
Steven Scott as its trustee. 

The three cumulative lots are located in
the Royal Palm Yacht & Country Club development and were listed for a
total of $10.75 million.

“It was three trophy lots in one of the best
[areas] in Royal Palm,” said broker David Roberts of Royal Palm
Properties, who represented the buyer and seller in the deal. 

The
properties were sold through Egan’s 1986 Trust, according to court
records.

Royal Palm is where Florida Panthers goaltender and former NHL
Most Valuable Player Jose Theodore purchased
a home
at the end of August.