Transportation exec buys Boca home for $12M

The house sold for $1,273 psf

Dec.December 26, 2019 12:30 PM
484 South Maya Palm Drive (Credit: Royal Palm)

484 South Maya Palm Drive (Credit: Royal Palm)

A transportation executive bought a waterfront mansion in Boca Raton’s Royal Palm Yacht & Country Club for $11.5 million, amid the city’s hot high-end residential market.

Harold V. Groome Jr., the chairman of Groome Transportation, purchased the 9,028-square-foot home at 484 South Maya Palm Drive for $1,273 per square foot, records show. Thomas and Toni Mendiburu sold the property.

The home was built in 2018 and has six bedrooms and six bathrooms. The property has 131 feet of frontage on the Grand Canal.

David W. Roberts with Royal Palm Properties represented the seller and buyer in the deal.

Groome Transportation provides airport shuttle services at airports across the country.

Thomas Mendibur co-founded the IT company HighPoint. He purchased the land to build the home in 2015 for $4.74 million, records show.

Royal Palm Yacht & Country Club is a gated community that has some of the most expensive homes in Boca Raton. It features a yacht club, pool, sports court, entertainment patio and marina, fitness center and tennis courts.

In September, Michael and Michelle Hagerty, whose family owned White Rock Distilleries, bought a waterfront estate at 324 East Coconut Palm Road for $6.2 million. Also in September, a group of executives tied to a West Palm Beach transportation company bought a 9,203-square-foot house at 300 East Key Palm Road in the Royal Palm Yacht & Country Club for $12.1 million.

Related Articles

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

Tom Gores of Platinum Equity and Naveen Shah of Blue Sky Hospitality with 661 Northwest 53rd Street

Embassy Suites in Boca sells for $30M

249 West Alexander Palm Road and Kimberly Vassalluzzo

Fund manager’s wife buys Boca Raton mansion for $13M