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$20,990,000

234 W Alexander Palm Road, Boca Raton, FL 33432

Boca Raton, FL, 33432

7 bd · 10 ba · 8,993 sqft · 100 ft of water

Listed by One Sotheby's International Realty

Know your costs before you buy

Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.

Estimated Monthly Payment

$126,938/ month

20% down · 6.75% interest · 30-year loan · Jumbo loan

Jumbo loan: put down about $20,157,250 or more to stay conforming. What's different?
  • A bigger down payment, often 10–20% or more
  • A higher credit score, often 700+
  • More cash reserves, often 6–12 months of payments
  • Full income documentation, sometimes a second appraisal on large loans

Other options: Conforming first mortgage plus a home equity loan for the rest ("piggyback"); Portfolio or private bank loans; Cash. Each lender sets its own rules.

Principal, interest, taxes and insurance, HOA. Property Tax (after sale). Estimated; not a lender quote.

Principal & interest
$108,913/mo
Property tax (after sale) est.
$15,938/mo
Homeowners insurance est.
$1,741/mo
HOA
$346/mo

Estimate only, not guaranteed. Verify before you buy or sell.

About This Property

Find similar homes

Set along 100 feet of pristine waterfront in Royal Palm Yacht & Country Club, this spectacular residence is perfectly positioned across from the preserved natural sanctuary of Capone Island—an undeveloped mangrove island that provides enduring privacy, lush green vistas, and a rare sense of Zen. This serene oasis, offering a waterfront perspective defined by nature rather than neighboring homes. Masterfully constructed by Albanese Builders and exquisitely designed and furnished by BE Designs, the home reflects a level of craftsmanship and intention seldom achieved. Spanning 8,993.70 square feet under air and 11,633.04 total square feet, the residence is introduced by soaring ceilings and a grand, wide staircase that immediately establishes architectural presence. The fully concrete second level underscores the home's structural integrity and enduring quality. Seven bedrooms and nine-and-a-half baths are arranged with equal attention to scale and intimacy. A refined club room with custom bar and pool table transitions seamlessly into a glass-enclosed office, creating a dramatic yet functional environment. At the heart of the home, a double-island chef's kitchen is appointed with top-of-the-line Miele appliances and complemented by a discreet butler's pantry, designed for both elevated entertaining and everyday living. Two laundry rooms provide thoughtful convenience. Materiality defines the interiors. Italian porcelain accent walls, a striking marble fireplace, and decorative fireplaces throughout elevate the architectural language, while sculptural water features both at the entry and cascading beside the resort-style pool create a sense of movement and tranquility. An outdoor firepit anchors the exterior living spaces, while electric shades throughout the home ensure effortless comfort and privacy. The residence is further distinguished by bespoke furnishings from Covet House, curated to harmonize with the home's architecture and elevate each space. A four-car garage with a separate golf cart entry completes the offering. Rare in its setting, exceptional in its execution, and uncompromising in its finishes, this is a truly one-of-a-kind waterfront estate defined by serenity, sophistication, and architectural distinction. Square footage, room sizes, and dimensions are approximate and derived from builder plans, architectural drawings, or estimates. Actual measurements may differ due to construction variances. Buyers must verify all information, measurements, and specifications to their satisfaction.

Good deal

Why we flagged this one

A transparent review of current MLS facts—not a paid placement.

  • Price reduced 21%

    The seller has come down from $26,500,000 to $20,990,000 — a $5,510,000 reduction since it came on the market.

  • 291 days on market

    Longer time on market usually means the seller is more open to negotiating on price and terms.

Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.

Your costs (est.)

≈ $126,938/mo

234 W Alexander Palm Road, Boca Raton, FL 33432 · Boca Raton

Location

234 W Alexander Palm Road, Boca Raton, FL 33432

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Simon Gedz, South Florida luxury real estate specialist

Simon Gedz

Realtor® since 1995