Soaring: Aviation exec buys waterfront Boca Raton mansion
The seller had paid $2.8M for the house in 2003
A couple with ties to an aviation services business bought a waterfront Boca Raton mansion for $7 million.
Salvatore and Karen Calvino bought the 12,000-square-foot house at 2989 Spanish River Road, according to records. Built in 2002, the home lies along the Gulf Stream. It has a gate, six bedrooms, nine full bathrooms and a pool area with a spa and fountain, according to the listing.
Joseph Liguori of Premier Estate Properties listed the property. Gerard Liguori of the same brokerage represented the buyer.
The seller is Hillsboro South LLC, managed by attorney Eugene V. Kokot of the New York law firm Katsky Korins. Records show the seller paid $2.8 million for the property in 2003.
Salvatore Calvino is executive chairman of Fortbrand Services, a provider of ground support and airfield maintenance equipment to the global aviation industry. In 2015, Calvino sold Boreas Holdings, the owner of three aviation services businesses, to airport environmental services provider Inland Technologies. The Boreas companies’ services included cargo and mail handling, and making deicing fluid, servicing airports in the U.S. and Europe.
In March, the former president and CEO of the mortgage servicing company Ditech Holdings Corp. snagged a waterfront home on Spanish River Road in Boca Raton for $7 million. In 2017, the Calvinos bought a separate, waterfront Boca Raton house for $5.76 million.