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
    The $24.5 million Boca Raton mansion (Coldwell Banker via Compass)
    AutoLenders CEO buys waterfront Boca Raton estate for record $25M
    AutoLenders CEO buys waterfront Boca Raton estate for record $25M
    (Pacheco-Martinez & Associates)
    $65M sale of waterfront Coconut Grove spec mansion sets new record in Miami-Dade: sources
    $65M sale of waterfront Coconut Grove spec mansion sets new record in Miami-Dade: sources
    Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
    Grover Corlew buys Bank of America Tower in Boca Raton for $45M
    Grover Corlew buys Bank of America Tower in Boca Raton for $45M
    Opterra Capital buys Holiday Inn & Suites Boca Raton for $13M
    Opterra Capital buys Holiday Inn & Suites Boca Raton for $13M
    Opterra Capital buys Holiday Inn & Suites Boca Raton for $13M
    CP Group Managing Partner Angelo Bianco with One Town Center (CP Group)
    Singaporean REIT pays $100M for One Town Center office building in Boca Raton
    Singaporean REIT pays $100M for One Town Center office building in Boca Raton
    5900 Northwest Broken Sound Parkway and Pebb Enterprises President and CEO Ian Weiner (CBRE, Pebb)
    Pebb Enterprises buys Boca Raton office building for $15M
    Pebb Enterprises buys Boca Raton office building for $15M
    Alina Residences in Boca Raton (Alina Residences)
    El-Ad scores $53M construction loan for Alina Residences in Boca Raton
    El-Ad scores $53M construction loan for Alina Residences in Boca Raton
    Rendering of Boca Ice and Fine Arts Center courtesy of Peninsula Ice LLC 
    Ice skating gliding into Boca: Arena developers score $14M construction loan
    Ice skating gliding into Boca: Arena developers score $14M construction loan
    arrow_forward_ios

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

    Loading...