234 W Alexander Palm Road, Boca Raton, FL 33432 — MLS photo

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234 W Alexander Palm Road, Boca Raton, FL 33432

Active · SingleFamilyResidence

$20,990,000

234 W Alexander Palm Road, Boca Raton, FL 33432

Beds
7
Baths
10
Living area
8,993 sq ft
$ / sq ft
$2,334/sq ft
Year built
2025
Lot size
15,002 sq ft
HOA fee
$345 Monthly
Annual tax
$112,739

About this property

Set along 100 feet of pristine waterfront in Royal Palm Yacht & Country Club, this spectacular residence is perfectly positioned across from the preserved natural sanctuary of Capone Island—an undeveloped mangrove island that provides enduring privacy, lush green vistas, and a rare sense of Zen. This serene oasis, offering a waterfront perspective defined by nature rather than neighboring homes. Masterfully constructed by Albanese Builders and exquisitely designed and furnished by BE Designs, the home reflects a level of craftsmanship and intention seldom achieved. Spanning 8,993.70 square feet under air and 11,633.04 total square feet, the residence is introduced by soaring ceilings and a grand, wide staircase that immediately establishes architectural presence. The fully concrete second level underscores the home's structural integrity and enduring quality. Seven bedrooms and nine-and-a-half baths are arranged with equal attention to scale and intimacy. A refined club room with custom bar and pool table transitions seamlessly into a glass-enclosed office, creating a dramatic yet functional environment. At the heart of the home, a double-island chef's kitchen is appointed with top-of-the-line Miele appliances and complemented by a discreet butler's pantry, designed for both elevated entertaining and everyday living. Two laundry rooms provide thoughtful convenience. Materiality defines the interiors. Italian porcelain accent walls, a striking marble fireplace, and decorative fireplaces throughout elevate the architectural language, while sculptural water features both at the entry and cascading beside the resort-style pool create a sense of movement and tranquility. An outdoor firepit anchors the exterior living spaces, while electric shades throughout the home ensure effortless comfort and privacy. The residence is further distinguished by bespoke furnishings from Covet House, curated to harmonize with the home's architecture and elevate each space. A four-car garage with a separate golf cart entry completes the offering. Rare in its setting, exceptional in its execution, and uncompromising in its finishes, this is a truly one-of-a-kind waterfront estate defined by serenity, sophistication, and architectural distinction. Square footage, room sizes, and dimensions are approximate and derived from builder plans, architectural drawings, or estimates. Actual measurements may differ due to construction variances. Buyers must verify all information, measurements, and specifications to their satisfaction.

Property location

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234 W Alexander Palm Road, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
7
Bathrooms
10
Living area
8,993 sq ft
Flooring
Ceramic Tile, Hardwood, Wood
Appliances
Some Gas Appliances, Dryer, Dishwasher, Electric Range, Freezer, Gas Range, Ice Maker, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bathtub, Closet Cabinetry, Entrance Foyer, Fireplace, High Ceilings, Kitchen Island, Kitchen Dining Combo, Sitting Area In Primary, Upper Level Primary, Bar, Walk In Closets, Elevator, Pantry
Furnished
Furnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2025
Stories
2
Lot size
15,002 sq ft
Roof
Spanish Tile
Construction
CBSConcrete Block Structure, Block
Exterior features
Patio
Pool
Heated, Pool
Spa
In Ground
Waterfront
Canal Front, Intersecting Canal, Ocean Access, Seawall
View
Canal, Pool

Parking

Garage spaces
4
Covered spaces
4
Parking features
Attached, Covered, Garage, Two Or More Spaces

HOA, Community & Financials

Association fee
$345 Monthly
Fee inclusions
Security
Amenities
Boat Dock, Elevators, None, Pool, Guard, Security
Security
Gated With Guard, Security Guard
Pets allowed
No
Annual tax
$112,739
Subdivision
ROYAL PALM YACHT & COUNTRY
County
Palm Beach
Days on market
272
MLS listing ID
R11153087
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

-$54,968

Cap rate
2.5%
Net yield
2.5%
Cash-on-cash return
-11.2%
Gross yield
4.2%
Mortgage payment
$99,503/mo
Down payment
$5,247,500
Loan amount
$15,742,500
Annual NOI
$534,419

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