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$3,300,000

Beds
5
Baths
5.5
sq ft
4,862

8853 New River Falls Rd, Boca Raton, FL 33496

8853 New River Falls Rd

Boca Raton, FL 33496

  • 4 days on market
This two-story New York style contemporary home effortlessly blends modern luxury with artistic flair in the highly sought-after Lotus community in Boca Raton(Sumatra Model). Its exterior is a harmonious fusion of clean lines and dark finishes, creating a striking contrast against the vibrant cityscape. The living areas boasts floor-to-ceiling windows that flood the space with natural light, creating an inviting atmosphere grounding the space in warmth and elegance. The dark clean finishes of the walls provide an ideal backdrop for showcasing an eclectic mix of bohemian-inspired furnishings and contemporary art pieces. This home includes a wine cellar that is a sumptuous sanctuary for wine enthusiasts, and a movie theater right at home for a luxurious retreat for cinephiles.

Details

Property type

Single Family Residence

Est. home value

$3,493,822

Property condition

New Construction

Lot size

9,074 sq ft

Price per sq ft

$679

Year built

2021

Annual property taxes

$25,835

Monthly HOA fee

$461

Price History

01/16/2025
SEF

SEF #A11724973

Listed
$3,300,000
+4.76%
03/19/2024
SEF

SEF #A11438095

Removed
$3,150,000
08/03/2023
SEF

SEF #A11438095

Listed
$3,150,000

Schools & Community

Elementary school: 

Whispering Pines

Middle school: 

Eagles Landing

High school: 

Olympic Heights Community High

Community features: 

Pool, Gated, Clubhouse, Tennis Court(s), Fitness Center

Negotiation Insights

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

Seller could get up to

$2,248,491
Asking price
$3,300,000
Closing costs (~8% of asking)
-$264,000
Est. remaining loan balance
-$787,509
Cash to seller
$2,248,491

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Sprout Mortgage Llc

Loan start date

April 2021

Original loan amount

$859,742

Est. remaining balance

$787,509

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Andre Akkari and Paula Akkari

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: 01/22/2025 at 10:45 AM

Listing updated: 01/17/2025 at 2:30 PM

Listed by: Carolina Lara-Arashiro, One Sotheby's Int'l Realty Phone #: (954) 522-2831

MLS: SEF #A11724973

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