Medical investor, Duke benefactor sells Boca Raton estate

Steven and Rebecca Scott completed the waterfront mansion last year

Apr.April 26, 2019 02:30 PM
Dr. Steven Scott, Rebecca Scott, and 271 West Coconut Palm Road (Credit: Realtor)

Dr. Steven Scott, Rebecca Scott, and 271 West Coconut Palm Road (Credit: Realtor)

The head of a medical investment firm and his wife just sold their waterfront mansion in the Royal Palm Yacht & Country Club community in Boca Raton for $11 million, just two years after the couple bought another home in the community.

Steven and Rebecca Scott sold the 8,570-square-foot house at 271 West Coconut Palm Road to Mark Kaplan for nearly $1,300 per square foot, records show. David W. Roberts of Royal Palm Properties represented the Scotts, while Jeannine Morris with Lang Realty brought the buyer.

Steven Scott is the retired chairman of medical investment firm Scott Holdings, and a founder of the Florida Health Plan Administrators company that was acquired by insurer Coventry Health Care for $685 million in 2007. The Scotts donated $20 million to expand Duke University’s sports medicine programs in 2013. The previous year, they gave $10 million to Duke Athletics, which was the largest gift to the school’s athletic program at that time.

Rebecca Scott paid $2.1 million for the Boca Raton lot in 2002, which has 105 feet of waterfront on the Butterfly Palm Waterway, records show. RD Building Corp. constructed the five-bedroom house in 2018.

The Scotts purchased a home in the Royal Palm Yacht & Country Club at 528 East Alexander Palm Road in 2016 for $15 million. The massive seven-bedroom, eight-bathroom estate has nearly 13,000 square feet of interior space.

The country club, which sits along the Intracoastal Waterway and Capone Island, features a yacht club, pool, sports court, entertainment patio and marina, fitness center and tennis courts.

In October, National Hockey League forward Max Pacioretty sold his home at 434 Areca Palm Road to Gene Sullivan, regional president of Southern Glazer’s Wine & Spirits, for $3.1 million.

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