Aviation database exec sells Boca Raton waterfront home for $5.76M

The home hit the market last August for $6.25M

TRD MIAMI /
Jul.July 17, 2017 03:45 PM

450 South Maya Palm Drive Inset: Joseph Liguori

UPDATED July 18, 3:30 p.m.: Husband and wife Robert Hammond and Laurie Hammond just sold their Boca Raton home for $5.76 million, property records show.

Robert Hammond is the CEO of PartsBase, a Boca Raton-based company that provides an international database of parts for aviation, defense and aerospace industries. Records show he bought the home in 2003 for $5.5 million with his wife.

The 6,954-square-foot waterfront home at 450 South Maya Palm Drive traded for about $829 per square foot. Records show Calvino Salvatore and Karen Salvatore bought the home, built in 2003, under a revocable trust in their names.

Joseph Liguori of Premier Estate Properties represented the sale, according to Redfin. Agent Marcy Javor of Signature International Premier Properties represented the buyers.

The home has been on and off the market since 2014, and was listed as much as $6.25 million in 2016, according to Redfin. It was reduced to $5.95 million in February, meaning it sold at a 3.1 percent discount.

The six-bedroom, seven-and-a-half bathroom home sits on 0.64 acres and includes about 90 square feet of Intracoastal frontage. It features marble and wood flooring, a three-car garage, French doors and an elevator. Outside, the house offers a private dock and a pool and spa, according to the listing.

The Boca Raton luxury single-family home market is taking a hit as the market slows down. Last year the demand for higher-end homes fell, skewing average prices, according to a fourth quarter Douglas Elliman report. Inventory took a 36.5 percent leap compared to a year earlier, up to 565 homes. Average sales prices fell by double digits, and discounts were up.

Last year Markku Ritaluoma’s waterfront Boca Raton home sold for $6.24 million or $855 per square foot. Around the same time, a nearby 14,570-square-foot newly built home at 2201 Spanish River Road sold for $6.8 million or $1,192 per square foot. The deal was also brokered by Liguori.

Correction: An earlier version of the article said the home hit the market in August for $6.25 million. It was listed in May 2014. 


Related Articles

arrow_forward_ios
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

484 South Maya Palm Drive (Credit: Royal Palm)

Transportation exec buys Boca home for $12M

arrow_forward_ios
Loading...