561343 E Royal Palm Road, Boca Raton, FL 33432
$3,100,000
Property Type:
Land & Docks
Lot Size (sq. ft.):
7,379
Status:
Closed
Current Price:
$3,100,000
List Date:
6/25/2025
Last Modified:
12/18/2025
Description
Exceptional Development Opportunity located just moments from The Boca Raton Resort, Mizner Park, Royal Poinciana Plaza, and more. This prime lot is being offered with full architectural plans and stunning renderings for a 6-story, 4-unit luxury residential project. Each full-floor unit is designed at approximately 3,500 sq ft with 3 bedrooms and 3 bathrooms. The plans also feature premium amenities including a rooftop terrace with panoramic city views and covered garage parking. A rare turnkey offering for developers looking to build in one of Boca Raton's most prestigious and highly sought-after areas.
More Information MLS# R11102349
Contract Information
Comp Sale YN: No
LP/Acre: 21841794.57
Listing Contract Date: 2025-06-25
Status: Closed
Original List Price: 3700000
Sold Price: $3,100,000
Current Price: $3,100,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Boca Raton
Postal Zip: 33432
Geographic Area: PB02
Country: United States
Street Number: 343
Street Direction Prefix: E
Street Name: Royal Palm
Street Suffix: Road
State Or Province: FL
Postal Code: 33432
Subdivision Name: BOCA RATON
Area: 4260
Parcel Number: 06434729010100180
Zoning: DDRI(c
Directions: From 95 - E on Palmetto, S on Mizner Blvd, E on Royal Palm Road
General Property Information
Lot Size Dimensions: 52.0 ft x 143.0 ft
LP/SqFt: 501.42
Property Sub Type: Unimproved Land
Lot Size Acres: 0.17
Lot Size Square Feet: 7379
Direction Faces: South
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
SP/Acre: 18299881.94
Major Change Timestamp: 2025-10-23T20:50:21Z
Major Change Type: Status Change
Status Change Date: 2025-10-23
Under Contract Date: 2025-08-02
Close Date: 2025-10-23
Close Price: 3100000
Short Sale Details
Short Sale Addendum: No
Documents Available
Building Plan: 1
Plans: 1
Survey: 1
Current Use
Multi-Family: 1
Development Status
Raw Land: 1
Location of Property
City Location: 1
Other: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Possible Use
Single Family: 1
Trees
None: 1
Utilities
None: 1
Vegetation
Other: 1
Listing Terms
Cash: 1
Conventional: 1
Road Responsibility
Public Maintained Road: 1
Showing Requirements
Call Listing Agent: 1
Schedule Online: 1
Text Listing Agent: 1
Contingencies
None: 1
Concessions
Seller Concessions: No
Contributions
Buyer Contributions: No
Price Calculations
Original List Price To Close Price: 1.19
Acreage Description
Less Than 1/4 Acre Lot: 1
Financial Information
Tax Year: 2024
Tax Annual Amount: 23817.9
Tax Legal Description: BOCA RATON LT 18 BLK 10
Originating Details
Originating System Key: 20250625142445026918000000
Originating System ID: M00000170
Property Features
Current Use: Multi-Family
Development Status: Raw Land
Documents Available: Building Plan; Plans; Survey
Location of Property: City Location; Other
Possession: Close Of Escrow; Negotiable
Possible Use: Single Family
Trees: None
Utilities: None
Vegetation: Other
Listing Terms: Cash; Conventional
Road Responsibility: Public Maintained Road
Showing Requirements: Call Listing Agent; Schedule Online; Text Listing Agent
Contingencies: None
Acreage Description: Less Than 1/4 Acre Lot
Listing Office:
Compass Florida LLC
Last Updated: December - 18 - 2025
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