Spec mansion in Boca Raton sells for $8M

Seller built the home this year

Miami /
Dec.December 24, 2020 10:30 AM
Art/Caption: Carl E. Klepper Jr and 1739 Royal Palm Way, Boca Raton (Royal Palm Properties)

Carl E. Klepper Jr and 1739 Royal Palm Way, Boca Raton (Royal Palm Properties)

A spec home developer sold a newly built mansion in Boca Raton’s Royal Palm Yacht & Country Club for $7.8 million.

Records show Carl E. Klepper Jr., as trustee of the 1739 Royal Palm Land Trust, sold the house at 1739 Royal Palm Way in Boca Raton to Jerry and Sharon Isackson. The Isacksons are the founders of Bryan Ashley International, a Deerfield Beach-based furniture company that makes custom furnishings for hotels and resorts, according to its website.

Klepper is the owner of Compson Associates, according to his Linkedin page. The Boca Raton-based firm develops, owns, operates and manages properties in South Florida.

Klepper bought the property in 2018 for $2 million and demolished the existing home the following year. According to Redfin.com, the new house was completed this year.

The 8,811-square-foot mansion is on a Jack Nicklaus golf course. The home features five bedrooms, seven full baths, two half-baths, a pool and two two-car garages.

The house was listed for $8.5 million in April 2019. Jacqueline Feldman of Premier Estate Properties listed the property, while David Roberts with Royal Palm Properties brought the buyer, according to Redfin.com

Bigwigs have been flocking to the Royal Palm Yacht & Country Club this year. This month, a former CEO of Cantor Fitzgerald paid $5.6 million for a home in the neighborhood.

In November, the managing director of a private equity firm bought a spec mansion for $12.8 million, and a pharmaceutical executive paid $6 million for a spec home in Boca Raton.






    Related Articles

    arrow_forward_ios
    Billionaire hedge fund manager Dan Loeb and renderings of 6440 North Bay. (Third Point, To Better Days Development)
    Billionaire hedge funder Dan Loeb buys waterfront Miami Beach estate: sources
    Billionaire hedge funder Dan Loeb buys waterfront Miami Beach estate: sources
    Steven R. Dingle and the property he sold at 298 West Key Palm Road. (SRD Building Corp, Royal Palm)
    Former Cantor Fitzgerald CEO sells Boca Raton mansion to homebuilder for $9M
    Former Cantor Fitzgerald CEO sells Boca Raton mansion to homebuilder for $9M
    535 North County Road (Palm Beach Property Appraiser)
    Oceanfront Palm Beach spec mansion hits the market, asking record $140M
    Oceanfront Palm Beach spec mansion hits the market, asking record $140M
    Investcorp co- CEOs Hazem Ben-Gacem and Rishi Kapoor, Ventures CEO Tom Scott and 135 Northwest 20th Street in Boca Raton (Investcorp; Ventures; Google Maps)
    CA Ventures buys Boca Raton apartment complex for $80M
    CA Ventures buys Boca Raton apartment complex for $80M
    9540 West Broadview Drive (Luxhunters Production)
    Bay Harbor Islands waterfront spec mansion sells for $12M, setting record
    Bay Harbor Islands waterfront spec mansion sells for $12M, setting record
    Bill Pulte and 2020 Royal Palm Way, Boca Raton (Bill Pulte, Royal Palm)
    Bill Pulte buys waterfront teardown in Boca Raton for $6M
    Bill Pulte buys waterfront teardown in Boca Raton for $6M
    North American Development Group CEO John Preston and the Via Mizner Golf & Country Club at 6200 Boca Del Mar Dr (NADG; Google Maps)
    Multifamily developer buys former Boca Raton golf course
    Multifamily developer buys former Boca Raton golf course
    President Donald Trump and James Batmasian (Getty, White House)
    Boca Raton real estate honcho James Batmasian gets presidential pardon
    Boca Raton real estate honcho James Batmasian gets presidential pardon
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...