NOT LISTED FOR SALE

8591 Dream Falls St Boca Raton, FL 33496

Lotus Neighborhood

Estimated Value: $2,304,189 - $3,899,000

6 Beds
6.5 Baths
4,862 Sq Ft
$578/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $2,950,000 $607 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $17,557/month

27 Days on Market

Highlights

  • 62 Feet of Waterfront
  • Home Theater
  • Saltwater Pool
  • Whispering Pines Elementary School Rated A-
  • New Construction
  • Gated Community

About This Home

As of April 2022

HERE IT IS!! The only SUMATRA model available in LOTUS. No expenses were spared in this contemporary custom built home. All spacious bedrooms have en suites. OVER HALF A MILLION DOLLARS in UPGRADES. This is an extra large lot overlooking the canal. Top Tier kitchen with 3inch Quartz countertops and a HUGE island with waterfall sides, a wet-bar and custom window treatments and light fixtures. Enter into a GRAND two-story entry hall with curved stairs featuring a chandelier on a lift system for easy cleaning. 2x4 Porcelain tile throughout entire first floor custom closets from Closet Factory and an extended 3 car garage with custom cabinets, shelving slat-walls, epoxy flooring and a TESLA CHARGING STATION!!

Last Agent to Sell the Property

Nicole Richman

Compass Florida, LLC License #3514984 Listed on: 03/02/2022

Compass Florida, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,579

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 9,491 Sq Ft Lot
  • 62 Feet of Waterfront
  • Home fronts a canal
  • South Facing Home
  • Privacy Fence
  • Oversized Lot
  • Sprinkler System
  • Property is zoned AGR-PUD

HOA Fees

  • $416 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Flat Roof Shape
  • Tile Roof
  • Concrete Roof
  • Stone

Interior Spaces

  • 4,862 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Blinds
  • Great Room
  • Family Room
  • Open Floorplan
  • Home Theater
  • Loft
  • Canal Views
  • Impact Glass

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Pool

  • Saltwater Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Patio

Schools

  • Whispering Pines Elementary School

Utilities

  • Zoned Heating and Cooling
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00424632070003520

Community Details

Overview

  • Association fees include common areas, maintenance structure, recreation facilities
  • Lotus Subdivision, Sumatra Floorplan

Recreation

  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,579

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$416 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Drive North on Lyons and turn into Lotus
  • Year Built: 2021
  • Architectural Style: Other, Two Story
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: 4098
  • Stories: 2

Interior Features

  • Interior Amenities: Wet Bar, Bedroom on Main Level, Eat-in Kitchen, Family/Dining Room, First Floor Entry, Kitchen Island, Living/Dining Room, Main Level Master, Pantry, Walk-In Closet(s), Loft
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Private Spa: Yes
  • Spa Features: Hot Tub
  • Appliances: Dryer, Dishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Ceramic Tile, Tile, Wood
  • Living Area: 4862.0
  • Dining Room Type: Family Room, Great Room, Loft, Media Room
  • Window Features: Blinds, Impact Glass

Exterior Features

  • Exterior Features: Security/High Impact Doors, Outdoor Shower, Patio, Privacy Wall
  • View: Canal, Water
  • Road Frontage Type: Waterfront
  • Lot Features: Oversized Lot, Sprinklers Automatic, < 1/4 Acre
  • Pool Features: Heated, In Ground, Pool, Private, Salt Water, Community
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Canal Front, Other
  • Waterfront: Yes
  • Disclosures: Pet on Property
  • Construction Type: Stone, Stucco
  • Direction Faces: South
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Concrete, Flat, Tile

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Paver Block, Garage Door Opener

Utilities

  • Cooling: Ceiling Fan(s), Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Electric, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 416.0
  • Community Features: Clubhouse, Gated, Tennis Court(s), Pool
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: No Pet Restrictions, Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Structure, Recreation Facilities

Schools

  • Elementary School: Whispering Pines

Lot Info

  • Parcel #: 00424632070003520
  • Development Status: New Construction
  • Lot Size Sq Ft: 9491.0
  • Zoning Description: AGR-PUD
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2579.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
Apr 29, 2022
Sold by
Richman Steven J and Richman Marisabel R
Bought by
J Oliver Partners Lp
Seller's Agent
Nicole Richman
Compass Florida, LLC
List Price
$2,850,000
Sold Price
$2,950,000
Premium/Discount to List
$100,000
3.51%
Current Estimated Value
$2,809,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$140,203
Avg. Annual Appreciation
-3.18%

Purchase Details

Closed on
Jun 2, 2021
Sold by
Boca Raton Associates Viii Lllp
Bought by
Richman Steven J and Richman Marisabel
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
J Oliver Partners Lp $2,950,000 Landmark Title
Richman Steven J $1,378,639 Nova Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $2,950,000 +3.5% $607 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $2,850,000 -- $586 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $26,056 $1,470,985 -- --
2023 $22,389 $1,337,259 $298,375 $1,038,884
2022 $18,895 $1,096,759 $0 $0
2021 $2,579 $153,000 $153,000 $0
2020 $2,295 $128,000 $128,000 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Nicole Richman

    Compass Florida, LLC

    (954) 326-4476

    1 in this area

    5 Total Sales

    Nicole Richman
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10320647

BeachesMLS (Greater Fort Lauderdale)

APN: 00-42-46-32-07-000-3520

Florida Palm Beach County Boca Raton 33496 Lotus

8591 Dream Falls St, Boca Raton, FL

This home is located at 8591 Dream Falls St, Boca Raton, FL 33496 since 02 March 2022 and is currently estimated at $2,809,797, approximately $577 per square foot. This property was built in 2021. 8591 Dream Falls St is a home located in Palm Beach County with nearby schools including Whispering Pines Elementary School, Eagles Landing Middle School, and Olympic Heights Community High.

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 (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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