California investor buys Boca Raton spec home: $6.8M

Modern home sold for $1,192 per square foot

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

A rendering of Manley Storage Ventures facility at 7171 North Federal Highway

New self-storage, retail facility coming to Boca Raton

From left: Howard Sands, Scott Tracy, and Kenton Wright

Walgreen sells store near Boca Raton for $9M

Shane Neman, and Mauricio Bello Richard Waserstein, with 525 Northwest 77th Street Marriott in Boca

Blackstone sells Marriott hotel in Boca Raton

Malcolm Butters, 950 Peninsula Corporate Circle in Boca Raton

Butters buys Boca Raton office building

A rending of the the project

REI to open first South Florida store in Boca Raton

Royal Palm Residences and Ignacio Diaz

Group P6 launches sales of new luxury condo project in Boca Raton

University Park and Square Mile Capital CEO Craig Solomon (Credit: Zillow)

Boca Raton student housing scores $71M refi

Rooms to Go CEO Jeffrey Seaman and 9465 Glades Road (Credit: Google Maps)

Rooms To Go CEO bags furniture store in Boca Raton