Steve and Scott Dingle’s SRD Building sold their waterfront spec mansion in Boca Raton for $75 million, marking a record for home sales in the city and within the gated Royal Palm Yacht & Country Club, The Real Deal has learned.
The 18,300-square-foot estate at 2500 East Maya Drive briefly hit the market for $80 million with David Roberts of Royal Palm Properties. Roberts also represented the buyer.
The deal shatters the previous record by more than double the previous record. And the previous record was the sale of the same property when the Dingle siblings paid $36 million for the then 1.7-acre property in 2024. They split the lot into two parcels.
The new home sits on a 0.8-acre corner lot with 292 feet of water frontage. It has eight bedrooms, 10 bathrooms and five half-bathrooms. The amenities include a wellness wing with a fitness center, club room, golf simulator and game room.
Roberts said three buyers toured the home in early May, once it was completed. The point lot has wide canal frontage on what Roberts called “the Boca Raton Riviera.”
“We did not put it on the market until it was completed and the furniture was going in. That was on purpose. We really feel it’s best to have a finished product,” Roberts said.
Buyers at this price point “want premium” and this deal will reset pricing in Boca, he said. The deal adds fuel to a still-hot ultra-luxury market across South Florida’s priciest communities.
Earlier this year, comedian and actor Kevin James paid $17.2 million for a mansion in Royal Palm. His 8,685-square-foot house includes six bedrooms and eight and a half bathrooms on a 0.3-acre lot.
Royal Palm is south of the Boca Raton Resort & Club, where billionaires Byron Trott and Michael Dell’s BDT & MSD Partners plan a luxury condo building overlooking the resort’s golf course. Their merchant bank acquired the resort from Blackstone for $875 million in 2019, and revamped the property.
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