$1,825,000
SOLD JUN 6, 2025

980 Lago Mar Ln Boca Raton, FL 33431

0.17 Acre
$10,735,294 Price per Acre
7,405 Sq Ft Lot

Recently Sold

$1,496 Per Sq Ft

9% Below List Price

18 Days on Market

Highlights

  • Community Beach Access
  • Ocean View
  • Paved or Partially Paved Lot
  • Boca Raton Community Middle School Rated A-
  • No HOA
  • Grass Covered Lot

About This Lot

As of June 2025

Ideal location on Boca Raton's barrier island, with potential for ocean and Intracoastal Waterway views. It is a perfect parcel to build on, high grade on rare sloped land nearly 10 feet above the intercoastal waters and featuring rare R5 zoning and very high elevation. For those seeking the ultimate coastal lifestyle, deeded beach access is just steps from your door. Property also sits next to the Ocean Strand Park, a protected nature preserve with no parking spaces and therefore uncrowded, making it truly unique. You can walk to the intracoastal, bring a kayak, toss a ball, or take your dog for a walk.
Property is on private, dead-end street that leads to the intracoastal. Plans available upon request. Shown by appointment only. Enjoy the best of South Florida's beaches, including your own private beach access, Spanish River Park with its dog beach, Red Reef Park, and golf courses all close by. Golf, tennis, yachting, and spa enthusiasts will appreciate the world-class amenities of the Boca Raton Resort & Club, part of the Waldorf Astoria Collection. Mizner Park's world-class shopping and dining, along with Boca Raton's private executive airport, are just a short drive away. The information provided, including prices, measurements, square footages, lot sizes, features, finishes, and calculations, is subject to errors, omissions, or changes without prior notice. All such information should be independently verified. All parties should perform their own due diligence to verify all information.

Last Agent to Sell the Property

Dovi Ettedgui

Serhant License #3457626 Listed on: 04/27/2025

Serhant

Co-Listed By

Kai Hakim

Serhant License #3602281

Last Buyer's Agent

Dovi Ettedgui

Serhant License #3457626 Listed on: 04/27/2025

Serhant

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $21,651

Lot Details

  • 7,405 Sq Ft Lot
  • Property fronts a private road
  • North Facing Home
  • Paved or Partially Paved Lot
  • Grass Covered Lot
  • Property is zoned R5

Property Views

  • Ocean
  • Intracoastal
  • Garden

Location

  • City Lot

Utilities

  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06434716000040180

Community Details

Overview

  • No Home Owners Association
  • Lago Mar Subdivision

Recreation

  • Community Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$21,651

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Unimproved Land
  • Property Sub Type Additional: Unimproved Land
  • Directions: From Palmetto Park Rd and A1A, go north 1.5 miles to Lago Mar Lane, property is on the left (south) side. From Spanish River Blvd and A1A, go south 1 mile to Lago Mar Lane, property is on the left.
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Exterior Features

  • View: Garden, Intercoastal, Ocean
  • Lot Features: City Lot, < 1/4 Acre
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Direction Faces: North

Utilities

  • Electric: 3 Phase
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Beach Access
  • Association: No

Lot Info

  • Parcel #: 06434716000040180
  • Current Use: Multi-Family, Single Family
  • Lot Size Acres: 0.17
  • Lot Size: 100.00 ft x 75.0 ft
  • Lot Size Sq Ft: 7501.0
  • Possible Use: Single Family
  • Mobile Dim Units: Feet
  • Zoning: R5

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 21651.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2025
Closed on
Jun 6, 2025
Sold by
Oster Michael and Oster Cristina Chen-Oster
Bought by
Tij Residential Llc
Seller's Agent
Dovi Ettedgui
Serhant
Buyer's Agent
Dovi Ettedgui
Serhant
List Price
$1,995,000
Sold Price
$1,825,000
Premium/Discount to List
-$170,000
-8.52%
Views
7
Current Estimated Value
$1,559,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$265,025
Avg. Annual Appreciation
-17.81%

Purchase Details

Listed on
Jul 23, 2021
Closed on
Dec 15, 2021
Sold by
Petruzzelli Stephen M and Graham Janet L
Bought by
Oster Michael and Oster Cristina Chen-Oster
Seller's Agent
Robert Graham
Petruzzelli Real Estate
Buyer's Agent
Laurie Barfield
The Keyes Company - Stuart
List Price
$1,300,000
Sold Price
$1,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.24%

Purchase Details

Closed on
May 6, 2011
Sold by
Wade Elsa and Petruzzelli Frank M
Bought by
Graham Janet L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.83%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 5, 2011
Sold by
Wade Elsa and Poteet Frank M
Bought by
Petruzzelli Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.83%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 19, 1997
Sold by
Petruzzelli Frank
Bought by
Petruzzelli Frank W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,825,000 None Listed On Document
Warranty Deed $1,825,000 None Listed On Document
Warranty Deed $1,300,000 None Listed On Document
Deed $225,000 Attorney
Interfamily Deed Transfer -- Attorney
Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $50,000 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2025 06/06/25 Sold $1,825,000 -8.5% $1,496 / Sq Ft
05/15/2025 05/15/25 Pending -- -- --
04/27/2025 04/27/25 For Sale $1,995,000 +53.5% $1,635 / Sq Ft
12/15/2021 12/15/21 Sold $1,300,000 0.0% $1,066 / Sq Ft View Prior Sale
11/15/2021 11/15/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $1,300,000 -- $1,066 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $21,651 $1,408,870 -- --
2024 $21,651 $1,218,745 -- --
2023 $19,457 $1,144,362 $754,875 $389,487
2022 $18,220 $1,008,516 $0 $0
2021 $9,534 $623,057 $528,281 $94,776
2020 $8,558 $541,293 $460,000 $81,293
2019 $8,317 $531,341 $440,000 $91,341
2018 $7,009 $450,374 $376,740 $73,634
2017 $6,550 $434,951 $376,740 $58,211
2016 $7,365 $264,792 $0 $0
2015 $6,400 $240,720 $0 $0
2014 $6,212 $218,836 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R11085274

BeachesMLS (Greater Fort Lauderdale)

APN: 06-43-47-16-00-004-0180

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