David Wolofsky, a Realtor in The Keyes Company’s Boca Raton Office, completed a $10.5 million record lot sale in the prestigious Royal Palm Yacht & Country Club in Boca Raton. With a storied history dating back to 1956, the club is coveted by high-end buyers for its location close to the Intracoastal Waterway and immediate access to the Boca Raton Inlet.
The Morris Robinson Trust is the seller. The undisclosed buyer is a builder that plans to construct a luxurious new estate on the lot.
Wolofsky served as listing agent in the transaction, which closed on July 15. Royal Palm Properties Owner David Roberts represented the buyer.
Located at 360 E. Alexander Palm Road, the half-acre waterfront lot has beautiful views of the Capone Island Boca Raton Preserve. A short distance from the Intracoastal and minutes from the inlet, the lot is a yachtsman’s paradise, equipped with private dock and boat lift.
An existing five-bedroom, six-bathroom, 7,800-square-foot home that was originally constructed in 1971 is being torn down and replaced with a stunningly modern new build. With residential land at a premium, the Royal Palm Yacht & Country Club has seen a transition as the teardown/new build process has become increasingly popular within the community.
“Royal Palm Yacht & Country Club has been Boca Raton’s premier boating community for over 60 years,” said Wolofsky. “In addition to its proximity to The Boca Raton (formally Boca Resort and Beach Club), the location is very desireable because so many area attractions and points of interest are in close reach. It is exciting to be a part of this record sale and the future modernization of the community, as it speaks volumes to the growing luxury market in Boca.”
Wolofsky has been a Realtor for more than 12 years and brings a diverse background of experience to the firm. Before joining Keyes, he spent 10 years practicing law as a real estate attorney, and then became a licensed contractor and a principal in both residential and commercial real estate development projects in South Florida.
“David Wolofsky consistently leverages his unique understanding of real estate, law, development and construction to produce incredible results,” Keyes CEO Mike Pappas said. “This milestone lot sale at Royal Palm Yacht & Country Club is another example of his impressive luxury sales output. We look forward to continuing to support his efforts with our firm’s unparalleled tools, technology and marketing.”
About The Keyes Company: Independently-owned and operated since 1926, The Keyes Company is a leader in the real estate industry. Keyes completed a merger with Illustrated Properties in July 2016. Following the merger, Keyes has 58 offices, more than 3,000 Associates and nearly $7 billion in annual real estate sales and services. Keyes’ offices are distributed throughout six counties – Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, and Volusia. Keyes expands our Associates’ reach globally as a Founding Member and Shareholder of Leading Real Estate Companies of the World®. The Keyes Company offers a suite of resources to cover whatever needs arise while buying or selling a home. Mortgage, title, insurance and property management needs can all be managed in-house, allowing Keyes to close deals with speed and efficiency while giving clients valuable access to the professionals responsible for the specific service lines.