California investor buys Boca Raton spec home: $6.8M

Modern home sold for $1,192 per square foot

TRD MIAMI /
Aug.August 09, 2016 11:15 AM

A company tied to a California-based investment company paid $6.8 million for a newly built waterfront home in Boca Raton.

Palm Beach County records show JH Norman Construction Co. sold the contemporary, mid-century home at 2201 Spanish River Road.

LG Hospitality LLC, a company tied to Sherwood, California-based West Coast Capital, bought the four-bedroom, 5,706-square-foot home on Boca’s “Estates Section.” It traded for $1,192 per square foot.

Brenner Architectural Group designed the home, which features floor-to-ceiling sliding glass doors, marble and wood floors, a resort-style pool and spa, and two loggias. Joseph Liguori of Premier Estate Properties represented the seller, while Premier’s Gerard Liguori represented the buyer, according to Redfin.

The buyer, a private investment firm, is led by principal Lorne Goldberg, according to the company’s website. Goldberg owns and operates a chain of quick-service Chinese restaurants.

The 14,570-square-foot property first hit the market in 2014 for $5.95 million, shortly after the homebuilder bought the Boca Raton land for $1.7 million. The price gradually increased to $6.95 million in June.

In March, Joseph Liguori also brokered the deal for another J.H. Norman home nearby at 1175 Spanish River Road. A New York ad executive paid $9.2 million, or about $1,200 per square foot, for that spec mansion.


Related Articles

arrow_forward_ios
Mahnaz Zahedi pictured with her parents in 1962 (inset) and  444 E Alexander Palm Road (Getty, Zillow)

Iranian princess sells her waterfront Boca Raton home for $6M

Iranian princess sells her waterfront Boca Raton home for $6M
The Principal Richard Caster, Monica Mayotte and Andrea O’Rourke of Boca Raton City Council, and 2600 North Ocean Boulevard, Boca Raton (Credit: Azure Development)

Appeals court orders another vote on proposed Boca Raton beach duplex

Appeals court orders another vote on proposed Boca Raton beach duplex
Andrew Richardson and 1298 Cocoanut Road (Realtor)

Real estate exec sells Boca Raton home for $5M

Real estate exec sells Boca Raton home for $5M
261 Alexander Palm Rd, Boca Raton (Credit: Google Maps)

Boca Raton mansion sells for $9M

Boca Raton mansion sells for $9M
1889 Sabal Palm Drive and Dr. Lawrence “Scott” and Donna Ennis

Nip and tuck: Plastic surgeon buys Boca Raton mansion for $6M

Nip and tuck: Plastic surgeon buys Boca Raton mansion for $6M
Sal Calvino and 2989 Spanish River Road (Linkedin, Realtor)

Soaring: Aviation exec buys waterfront Boca Raton mansion

Soaring: Aviation exec buys waterfront Boca Raton mansion
Prentis Wilson and 1880 Sabal Palm Circle (Realtor)

Proceed to checkout: Former Amazon exec pays $5M for Boca Raton mansion

Proceed to checkout: Former Amazon exec pays $5M for Boca Raton mansion
310 East Alexander Palm Road (Realtor.com)

Cumberland Farms scion buys waterfront Boca Raton home

Cumberland Farms scion buys waterfront Boca Raton home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...