372 E Alexander Palm Road, Boca Raton, FL 33432 — MLS photo

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372 E Alexander Palm Road, Boca Raton, FL 33432

Active · SingleFamilyResidence

$38,000,000

372 E Alexander Palm Road, Boca Raton, FL 33432

Beds
6
Baths
10
Living area
10,660 sq ft
$ / sq ft
$3,565/sq ft
Year built
2022
Lot size
24,514 sq ft
HOA fee
$4,540
Annual tax
—

About this property

Introducing an exquisite Intracoastal Signature Estate by SRD Building Corp, nestled within Boca Raton's most prestigious community, the Royal Palm Yacht & Country Club. This premier property rests on an oversized lot and offers unparalleled luxury and sophistication. Its southeast exposure provides breathtaking views with 124 feet of water frontage, a private dock overlooking the serene Intracoastal waterway, and captivating Capone Island nature preserve. Designed for the modern homeowner, the residence features a fully integrated Crestron smart-home system, ensuring effortless control of daily living. The estate spans over 10,600 square feet and boasts 6 luxurious bedroom suites, an office with a showroom-style garage, fitness center, an entertainer's wing with a stunning designer bar and billiards, and a 6-car garage with a gated motor court for added privacy and security. Crafted with meticulous attention to detail, this home showcases exceptional quality, making it a true masterpiece of luxury waterfront living in Boca Raton's most exclusive community.

Property location

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372 E Alexander Palm Road, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
6
Bathrooms
10
Living area
10,660 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2022
Lot size
24,514 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$4,540
County
Palm Beach
MLS listing ID
R11079617
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$155,694

Cap rate
0.8%
Net yield
0.8%
Cash-on-cash return
-17.6%
Gross yield
3.9%
Mortgage payment
$180,139/mo
Down payment
$9,500,000
Loan amount
$28,500,000
Annual NOI
$293,350

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.