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

The home hit the market last August for $6.25M

450 South Maya Palm Drive Inset: Joseph Liguori
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.

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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.