Dingle brothers sell Royal Palm spec mansion for $16M

SRD Building, the spec development firm led by brothers Steve and Scott Dingle, sold another Royal Palm Yacht & Country Club mansion for $16.2 million. 

Records show SRD Building partner William Scaggs sold the house at 329 Royal Palm Way in Boca Raton to a trust named for the address and managed by attorney Eric J. Grabois. The true buyer is unknown.

David Roberts of Royal Palm Properties represented both the buyer and the seller in the deal.

The Dingle brothers are the most prolific spec developers in Royal Palm Yacht & Country Club, where their mansions have repeatedly broken Boca Raton price records. In February, they sold a waterfront spec mansion to a Michigan-based developer for a record $28 million. In June, the brothers’ firm sold another spec mansion to a freight executive for $22.6 million. 

Scaggs, a partner with SRD Building, was previously a partner with Four Seasons Emerald Bay in the Bahamas, according to his LinkedIn. 

Records show SRD Building bought the 0.3-acre Royal Palm Way property for $4.2 million in 2021. The builders tore down the existing home and built an 8,300-square-foot mansion with five bedrooms and six bathrooms, according to property records. The property spans 104 feet along the Royal Palm Yacht & Country Club golf course, and includes a pool and a three-car garage, the listing shows. 

SRD Building first listed the mansion for $18 million in June of last year, Realtor.com shows. The brothers bumped the asking price up to $18.8 million in February, later reducing it to $17 million in May. 

Royal Palm Yacht & Country Club is a gated community in Boca Raton favored by luxury buyers. Roberts said demand for both new construction and resale properties has remained strong in the golf-oriented neighborhood. In July, Cumberland Farms heir Byron Haseotes Jr. and his wife, Tiffany Haseotes, sold their waterfront Royal Palm mansion for $15 million. That same month, pharmaceutical CFO Marc Schneebaum and his wife bought a house in the gated community for $14.8 million.