See Home Value
$16,948,628*
House - Off Market

329 Royal Palm Way

Boca Raton, FL 33432
bedrooms
5 Beds
bathrooms
7 Baths, 2 Half Baths
square feet
8344 Sqft
$15,296,000 - $18,694,000
Reference Base Price*
-0.27%
Since Aug 1, 2023
National-US
Primary Model
Sold Sep 01, 2023
$16,150,000
$6,675,000 by Citibank, Na
Mortgage Due Sep 01, 2053
Sold Dec 13, 2021
$4,200,000

About This Property

329 Royal Palm Way is a Brand New Golf Course SRD Building Corp. Signature Estate.  With 104′ overlooking the Jack Nicklaus Signature Golf Course in Royal Palm Yacht & Country Club, this home has 5 bedrooms, +8,300 sf living space with an open floor plan, towering windows, and trendy interiors. The home includes a formal dining area, club room with stunning bar, dedicated study, multiple living rooms, and a sprawling 1st-floor main suite complete with morning bar, glass shower room, and His & Her boutique closets overlooking the golf course. The dazzling pool is the perfect centerpiece, wrapped by a large patio, covered loggia, summer kitchen, and infinite golf views. Buyer to pay documentary stamp taxes on the deed and title insurance.

The manager has listed the unit size as 8344 square feet.
Unit Size
8,344Ft²
Days on Market
-
Land Size
-
Price per sqft
$2,037
Property Type
House
Property Taxes
$6,564
HOA Dues
$2,293
Year Built
1997

Price History

Date / Event Date Event Price
Sep 1, 2023 Sold to Grabois $16,150,000
Sold to Grabois
Jul 22, 2023 No longer available -
No longer available
May 25, 2023 Price Decreased $16,995,000
↓ $2M (9.4%)
Price Decreased
Feb 10, 2023 Price Increased $18,750,000
↑ $750K (4.2%)
Price Increased
Jun 17, 2022 Listed $18,000,000
Listed
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 0
  • Full Bathrooms: 4
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Decorative/custom materials
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Marble
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 575
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 14,998
  • Lot Size Depth Feet: 1,580
  • Lot Size Frontage Feet: 950
  • Total Building Area: 6,673
  • Gross Building Area: 6,673
  • Building Area: 5,548
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 5,548
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: ROYAL PALM YACHT & CNTRY CLUB
  • Land Acres: 0.344
  • Standard Land Use Code: Vacant land (general)
  • Legal Description 1: ROYAL PALM YACHT & CNTRY CLUB LT 10 BLK 14

Ownership

  • Current Owner : 329 ROYAL PALM LAND TRUST
  • Current Owner 2: GRABOIS
  • Previous Owner : SCAGGS WILLIAM JOSEPH
  • Owner Before Previous Owner: ALT LES S
  • Owner Before Previous Owner 2: ALT CARMEN T
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Apr 04, 2024

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 007504

Zoning

  • Zoning: R-1-A

Geography

  • Assessors Map Reference: 424
  • Parcel: 06-43-47-29-10-014-0100
  • Block: 14
  • Lot: 10
  • Meridian: SEC 29 TWN 47S RNG 43E
  • Municipality: BOCA RATON
  • Latitude: 26.3306
  • Longitude: -80.0846

    Address

  • Full Address: 329 Royal Palm Way
  • Address - House Number: 329
  • Address - Street Name: Royal Palm
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Boca Raton
  • Carrier Code: C006
  • 4-Digit Zip Code: 7943
  • Zip Code: 33432

Valuation

    Tax

  • Total Area: 5,886
  • Tax Year: 2023
  • Tax Amount: $43,410
  • Tax Rate Code Area: 6154

    Appraisal Valuation

  • Standard Deviation: 0.1841
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 75
  • Final Value: 5,950,711
  • High Value: 7,046,330
  • Low Value: 4,855,092

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $6,675,000
  • First Open Lien Mortgage Lender: CITIBANK, NA
  • First Open Lien Mortgage Recording Date: Sep 01, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $6,675,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2053

    Market Valuation

  • Market Total Value: $3,114,256
  • Market Land Value: $3,114,256

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,159,522

    Sales

  • Current Sale Contract Date: Aug 25, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Transaction ID: 11916246381
  • Current Sale Price: $16,150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 303459
  • Previous Sale Recording Date: Dec 13, 2021
  • Previous Sale Contract Date: Dec 03, 2021
  • Previous Sale Amount: $4,200,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK, NA
  • First Mortgage Transaction Date: Sep 01, 2023
  • First Mortgage Loan Amount: $6,675,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
8 Baths
7,690 ft²
$2,276/ft²
$17,500,000 Jan 27, 2023
-
$6,998/mo
House
5 Beds
6.5 Baths
7,962 ft²
$1,915/ft²
$15,250,000 Jan 30, 2023
-
$7,997/mo
House
6 Beds
7.5 Baths
8,474 ft²
$2,124/ft²
$17,995,000 Nov 1, 2021
-
$6,476/mo
House
6 Beds
8 Baths
8,975 ft²
$2,440/ft²
$21,900,000 Feb 8, 2023
-
$25,644/mo
House
6 Beds
9.5 Baths
12,512 ft²
$1,318/ft²
$16,495,000 Jan 24, 2022
-
$8,060/mo

About Royal Palm Yacht and Country Club


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Frequently Asked Questions

When was property at 329 Royal Palm Way built and last sold?
The property at 329 Royal Palm Way was built in 1997 and last sold on Aug 25, 2023 for $16,150,000.
How much is this home worth?
The estimated value of the home located at 329 Royal Palm Way is $18,937,500.
What are some comparable homes to 329 Royal Palm Way?
Homes that are comparable to 329 Royal Palm Way include a house property at 471 Royal Palm Way, 264 South Maya Palm Drive, 1758 Sabal Palm Drive.

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