NOT LISTED FOR SALE

1241 Royal Palm Way Boca Raton, FL 33432

Royal Palm Yacht and Country Club Neighborhood

Estimated Value: $7,757,000 - $9,507,000

5 Beds
7.5 Baths
8,314 Sq Ft
$1,050/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $5,600,000 $674 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $55,226/month

484 Days on Market

Highlights

  • Home Theater
  • Heated Pool
  • Golf Course View
  • Boca Raton Community Middle School Rated A-
  • Sauna
  • 4-minute walk to Spanish River Athletic Facilities

About This Home

As of February 2021

Make your home in the largest residence nestled on a full lot and half, providing 150 feet of pristine golf course frontage in the prestigious Royal Palm Yacht and Country Club. Excellence meets elegance in this truly incomparable Mediterranean style home. Over 8,000 square feet of luxe living accommodations including; marble and wood flooring, coffered ceilings, Corinthian Columns, gourmet kitchen, theater, sauna, top of the line appliances, gorgeous outdoor loggia, private office, formal dining room and so much more. Relish in the immense privacy and beauty of the master wing, conveniently located on the ground floor. Featuring an adjourning sitting room and entrance overlooking the striking pool and spa. Separate his and hers bathrooms, immense walk in closets, private fireplace

Last Agent to Sell the Property

Kenneth Mayville

Palm Rose Realty LLC License #3384336 Listed on: 09/05/2019

Last Buyer's Agent

Bart Friedman

Coldwell Banker License #3425163

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,353

Year Built

  • Built in 2001

Lot Details

  • 0.49 Acre Lot
  • Sprinkler System
  • Property is zoned R1A

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Golf Course
  • Pool

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Pre-Cast Concrete Construction

Interior Spaces

  • 8,314 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Furnished or left unfurnished upon request
  • Built-In Features
  • Bar
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Sauna
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Gas Range
  • Dishwasher
  • Trash Compactor

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Heated Pool
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 06434729100140500

Community Details

Overview

  • Association fees include common areas, security
  • Royal Palm Yacht And Coun Subdivision

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,353

Year Built

Built in 2001

Lot Details

0

HOA Fees

$325 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Head east on Camino Real past US-1. Take first right at roundabout, continue south. Second house on the right after the intersection.
  • Year Built: 2001
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Breakfast Bar, Bidet, Built-in Features, Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Fireplace, Kitchen/Dining Combo, Pantry, Split Bedrooms, Separate Shower, Bar, Walk-In Closet(s), Central Vacuum
  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Gas Range, Trash Compactor
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Wood
  • Living Area: 8314.0
  • Dining Room Type: Den, Family Room, Laundry, Media Room, Sauna, Storage Room
  • Stories: 2

Exterior Features

  • Exterior Features: Outdoor Grill
  • View: Golf Course, Pool
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block, Pre-Cast Concrete
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security System, Security Guard
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Sewer Available, Underground Utilities, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 325.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Security

Lot Info

  • Parcel #: 06434729100140500
  • Lot Size: 140*150
  • Lot Size Sq Ft: 21536.0
  • Zoning Description: R1A
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 54353.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2019
Closed on
Feb 1, 2021
Sold by
Shaner Lance T and Shaner Ellen R
Bought by
Marino Patrick
Seller's Agent
Kenneth Mayville
Palm Rose Realty LLC
Buyer's Agent
Bart Friedman
Coldwell Banker
List Price
$7,650,000
Sold Price
$5,600,000
Premium/Discount to List
-$2,050,000
-26.8%
Current Estimated Value
$8,728,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,128,061
Avg. Annual Appreciation
10.01%
Original Mortgage
$3,920,000
Outstanding Balance
$3,509,030
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$5,219,031

Purchase Details

Closed on
Aug 10, 2011
Sold by
Shaner Ellen R and Shaner Lance T
Bought by
Shaner Lance T and Ellen R Shaner 2011 Qualified Personal R

Purchase Details

Closed on
May 6, 2009
Sold by
Retterath Steve J
Bought by
Shaner Lance T and Shaner Ellen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2005
Sold by
Woolley William J and Woolley Dolores G
Bought by
Retterath Steve J

Purchase Details

Closed on
May 10, 2001
Sold by
Joseph W Veccia Jr I
Bought by
Woolley William J and Woolley Dolores G

Purchase Details

Closed on
Aug 9, 2000
Sold by
Jan G Jones Tr
Bought by
Veccia Joseph W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
8.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 1999
Sold by
Porco Ena
Bought by
Jones Jan G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
7.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 1994
Sold by
Walt Disney World Co
Bought by
Porco Ena
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Marino Patrick $5,600,000 Title Haven Llc
Marino Patrick $5,600,000 New Title Company Name
Shaner Lance T -- Attorney
Shaner Ellen R -- Attorney
Shaner Lance T -- Attorney
Shaner Lance T $3,572,166 Old Palm Title Llc
Retterath Steve J $4,500,000 --
Woolley William J $1,500,000 --
Veccia Joseph W $1,287,500 --
Jones Jan G $1,000,000 --
Porco Ena -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marino Patrick $3,920,000
Closed Marino Patrick $3,920,000
Previous Owner Shaner Lance T $2,800,000
Previous Owner Jones Jan G $2,700,000
Previous Owner Jones Jan G $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2021 02/01/21 Sold $5,600,000 -26.8% $674 / Sq Ft
01/02/2021 01/02/21 Pending -- -- --
09/05/2019 09/05/19 For Sale $7,650,000 -- $920 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $103,528 $6,105,480 -- --
2023 $101,364 $5,927,650 $0 $0
2022 $103,794 $5,932,153 $0 $0
2021 $58,466 $3,260,426 $0 $0
2020 $57,655 $3,215,410 $0 $0
2019 $57,980 $3,143,118 $0 $0
2018 $54,353 $3,084,512 $0 $0
2017 $54,084 $3,021,070 $0 $0
2016 $54,334 $2,958,932 $0 $0
2015 $55,855 $2,938,363 $0 $0
2014 $56,090 $2,915,043 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kenneth Mayville

    Seller's Agent in 2021

    Kenneth Mayville

    Palm Rose Realty LLC

    (561) 465-2004

    1 in this area

    8 Total Sales

    Kenneth Mayville
    Section Image

  • B

    Buyer's Agent in 2021

    Bart Friedman

    Coldwell Banker

    (516) 242-0200

    2 in this area

    10 Total Sales

    Bart Friedman
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10558754

BeachesMLS

APN: 06-43-47-29-10-014-0500

Florida Palm Beach County Boca Raton 33432 Royal Palm Yacht and Country Club

1241 Royal Palm Way, Boca Raton, FL

This home is located at 1241 Royal Palm Way, Boca Raton, FL 33432 since 05 September 2019 and is currently estimated at $8,728,061, approximately $1,049 per square foot. This property was built in 2001. 1241 Royal Palm Way is a home located in Palm Beach County with nearby schools including Boca Raton Elementary School, Boca Raton Community Middle School, and Boca Raton Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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