$40 Million Boca Raton Teardown

Posted: August 5, 2024 | Source: www.linkedin.com

A waterfront home in ritzy Boca Raton, Florida has sold for a record setting $40 million. The buyer-builder plans to tear the 1990’s-era home down and build something new. Florida’s luxury home market has been reaching record levels from Miami Beach to Palm Beach. According to Redfin, Palm Beach home prices are up over 82% since last year, selling for a median price of $2.9 million.