Luxe waterfront Boca Raton estate lists for $52M

A luxe waterfront estate in Boca Raton has hit the market for $52 million, making it the priciest residential listing in the city.

The three-lot, 1.7-acre Parker Estate, which is in the Royal Palm Yacht & Country Club neighborhood at 2499 E. Maya Palm Drive, is owned by Randy Parker, the founder of the online marketing firm Constant Contact, according to the listing. 

The home is being sold through a family trust, the Wall Street Journal reported.

Jill Hertzberg and Jon Mann of The Jills Zeder Group have the listing.

The luxe, 10,000-square-foot main house has three bedrooms, custom ceilings and windows, as well as a principal suite on the top level with expansive views, large closets, his-and-hers bath suites, sitting areas and private access to a rooftop sun patio.

There is a separate guest house, designed to be reminiscent of the bungalows at the Little Palm Island resort in the Florida Keys, with a palm-frond ceiling, soaking tub for two and a private outdoor shower. 

The grounds, which were designed and maintained by Craig Morell, include two swimming pools, one an infinity-edge pool that wraps around the main house, a covered patio for outdoor entertaining, an open kitchen with a 15-foot-long island and double stoves, ovens, sinks and dishwashers.

The estate has nearly 440 feet of water frontage overlooking the Intracoastal Waterway and a side canal, as well as a vacant 0.4-acre lot across the street.

If the property sells for its asking price, it will set a record for a residential sale in Boca Raton, the Journal said.

Parker’s father, Glen K. Parker, bought the properties with his wife, Sandy, in the mid-1990s and built the home to be their primary residence. Glenn K. Parker, who died last year, founded The Institute for Econometric Research, which was ultimately acquired by Time, Inc., in 1998.

Luxury homes in private communities have been in high demand in Boca Raton, especially since the pandemic ignited a South Florida real estate boom.

Investment chief Stanley Moss and his wife Lisa bought a waterfront spec home in Boca Raton from luxury developer Group P6 for $11.2 million.

Last month, luxury builders Steve and Scott Dingle set the Boca Raton price record, selling a waterfront spec mansion in the Royal Palm Yacht & Country Club for $28 million.  

— Ted Glanzer

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