Private equity head buys Boca Raton spec home for nearly $7M

Seller built the home in 2019

Miami /
Mar.March 29, 2021 03:30 PM
Steven H. Rosen and 246 Princess Palm Road, Boca Raton (Royal Palm Yacht & Country Club)

Steven H. Rosen and 246 Princess Palm Road, Boca Raton (Royal Palm Yacht & Country Club)

The co-CEO of a private equity firm bought a spec home in Boca Raton’s Royal Palm Yacht & Country Club for $6.7 million.

Records show Steven H. Rosen, as trustee of a trust in his name, purchased the house at 246 Princess Palm Road from Robert J. Edwards, whose address links to Boca Raton-based SRD Building Corp.

Rosen is the founder and co-CEO of Resilience Capital Partners, a Cleveland-based private equity firm that makes investments in the $10 million to $75 million range, according to its website. Rosen founded the firm in 2001.

Rosen financed the purchase with a $5.4 million loan from JPMorgan Chase Bank, records show.

Edwards bought the property in February 2019 for $1.7 million, demolished the existing house and constructed a new one, property records show. The home was built by SRD.

In January, Steven R. Dingle, vice president of SRD Building, purchased a house in the same neighborhood for $9.4 million.

The home that just sold was listed in November 2019 for $7 million. David Roberts of Royal Palm Properties represented the seller, and Candace Friis of The Corcoran Group represented the buyer.

The 6,688-square-foot house features five bedrooms, six full bathrooms, and two half-bathrooms. The property also features a three-and-a-half-car garage, a covered balcony and a pool.

Other deals in the Royal Palm Yacht & Country Club this month include Richard Wackenhut buying a mansion for $12.8 million, and the owner of a real estate company selling a spec home for $12.5 million.






    Related Articles

    arrow_forward_ios
    Terranova founder Stephen Bittel and Cineworld CEO Mooky Greidinger with Shadowood Square (Getty, Google Maps, Terranova, iStock)
    Terranova wins suit against Regal Cinemas over $807K in unpaid rent at Boca Raton shopping center
    Terranova wins suit against Regal Cinemas over $807K in unpaid rent at Boca Raton shopping center
    James and Marta Batmasian with former Boca Raton Mayor Susan Haynie (Investments Unlimited)
    Ex-Boca mayor pleads guilty in public corruption case over financial ties to real estate tycoon
    Ex-Boca mayor pleads guilty in public corruption case over financial ties to real estate tycoon
    1871 Thatch Palm Drive in Boca Raton’s Royal Palm Yacht & Country Club. (Royal Palm Properties)
    Homebuilder sells Boca Raton house for $6M
    Homebuilder sells Boca Raton house for $6M
    300 West Palmetto Park Road in Boca Raton with PGIM Real Estate executive Eric Adler, Harbor Group International CEO Jordan Slone and president T. Richard Litton Jr. (Google Maps)
    Harbor Group International buys Boca Raton apartments for $81M
    Harbor Group International buys Boca Raton apartments for $81M
    (iStock)
    South Florida by the numbers: Here comes the money
    South Florida by the numbers: Here comes the money
    Richard and Marie Wackenhut and 191 West Key Palm Road, Boca Raton (Google Maps, Nantucket Statue Fund, iStock)
    Richard Wackenhut buys $13M Boca Raton mansion after selling Palm Beach estate
    Richard Wackenhut buys $13M Boca Raton mansion after selling Palm Beach estate
    Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
    Private equity honcho pays $5M for Boca Raton condo
    Private equity honcho pays $5M for Boca Raton condo
    Charles Talanian sold his home in Boca’s Royal Palm Yacht & Country Club. (C. Talanian Realty Co. Royal Palm)
    From Boston to Boca: Real estate mogul sells waterfront spec home for $13M
    From Boston to Boca: Real estate mogul sells waterfront spec home for $13M
    arrow_forward_ios

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

    Loading...