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$11,795,000

Beds
7
Baths
7.0
sq ft
8,355

1216 Spanish River Rd, Boca Raton, FL 33432

1216 Spanish River Rd

Boca Raton, FL 33432

  • 297 days on market
*Expected Completion within 60 days* introducing 1216 Spanish River Road, a prestigious Sea-Side Generational Estate poised to captivate the market with an anticipated completion Early Fall 2024. Nestled within the exclusive Spanish River Land, this Gated Estate occupies the most enviable oversized homesite, spanning an impressive .56 acres of meticulously planned home and grounds. The new home's Coastal Contemporary Design showcases a sophisticated blend of coastally influenced finishes and understated contemporary elegance built by Skymar Custom Homes. The residence boasts a thoughtfully crafted floor plan encompassing more than 11,500 Total SQFT living space, including the 5-car air conditioned garage as well as the expansive covered Loggias and balconies.

Details

Property type

Single Family Residence

Est. home value

$3,252,618

Property condition

New Construction

Lot size

0.56 acres

Price per sq ft

$1,412

Year built

2024

Annual property taxes

$49,213

Price History

01/31/2024
Beaches

Beaches #R10955361

Listed
$11,795,000
+376.57%
06/01/2021
Beaches

Beaches #R10720635

Sold
$2,475,000
+44.15%
12/04/2017
Beaches

Beaches #R10226386

Sold
$1,717,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Truist Bank

Loan start date

June 2022

Original loan amount

$4,187,500

Est. remaining balance

Not provided

Interest rate

5.3%

Loan type

Building or Construction Loan

Seller

1216 Srr Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/23/2024 at 5:55 AM

Listing updated: 10/22/2024 at 10:47 AM

Listed by: Nick Gonzalez Gonzalez, Serhant Phone #: (561) 929-7999

MLS: Beaches #R10955361

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