The spec house spans roughly 18,300 square feet and includes its own wellness wing with a gym, cold plunge and massage room
THE DEAL: A waterfront spec house in Boca Raton, Fla., has sold for a record $75 million, according to listing agent David W. Roberts of Royal Palm Properties. The property is breaking its own record, set when the developers bought the 0.81-acre parcel in the exclusive Royal Palm Yacht & Country Club for $36 million in 2024.
THE PLAYERS: The sellers were real-estate developers Scott and Steve Dingle of SRD Building Corp. After razing an older home, they built the new home and listed it for $80 million on May 1, according to Zillow. It went into contract within a day, said Roberts, who said there were multiple bids.
Roberts declined to identify the buyer.
THE SPECS: The house is roughly 18,300 square feet with eight bedrooms, a pool and a dock, according to the listing. There is a club room with a roughly 163-inch television and a built-in bar, as well as a game room with a golf simulator. A “tricked out” wellness wing has a gym, hot tub, cold plunge and massage room, said Scott Dingle, who declined to say how much it cost to build the home.
THE NEIGHBORHOOD: Founded in 1959, the Royal Palm Yacht & Country Club has roughly 600 properties, Roberts said. Membership is by invitation only, and the club has a golf course, two clubhouses and a 60-slip marina.
THE MARKET: Roberts said the purchase price reflects the location—on a coveted corner lot—as well as the home’s quality and amenities. Prices are on the rise within the club, he said, and most of his business comes from people moving within the community.
Roberts said over the past few months, Royal Palm has seen an uptick in buyers from high-tax states, including six from California. “They looked here three, four years ago, then two years ago and then one year ago,” Roberts said. “All of a sudden they’re saying ‘David, I’m flying in and I’m ready to make a decision.’”
The median single-family home price in Boca was $2.2 million in April, up 10% year-over-year, according to real-estate brokerage Boca Premier Property Group.