*Expected Completion within 60 days* introducing 1216 Spanish River Road, a prestigious Sea-Side Generational Estate poised to captivate the market with an anticipated completion Early Fall 2024. Nestled within the exclusive Spanish River Land, this Gated Estate occupies the most enviable oversized homesite, spanning an impressive .56 acres of meticulously planned home and grounds. The new home's Coastal Contemporary Design showcases a sophisticated blend of coastally influenced finishes and understated contemporary elegance built by Skymar Custom Homes. The residence boasts a thoughtfully crafted floor plan encompassing more than 11,500 Total SQFT living space, including the 5-car air conditioned garage as well as the expansive covered Loggias and balconies.
This property is $11.1M more than the Median Sold Price and $1K/SqFt more than other homes in Boca Raton, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #RX-10955361
Listing Office:
Office Name: Serhant
Office Phone: (561) 203-2762
Listing Agent: Nicholas M Gonzalez
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.
This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/24/2024, 6:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 03, 2021
Jun 03, 2021Home Sold
$2,475,000
Dec 04, 2017
Dec 04, 2017Home Sold
$1,717,000
Jun 16, 2005
Jun 16, 2005Home Sold
$1,725,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$19,864
$1,100,000
2019
$21,464
$1,155,000
2018
$21,425
$1,189,263
2017
$25,718
$1,408,525
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$58.9K
Per Month
Principal & Interest
$58.8K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$35.4K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Boca Raton Elementary School
103 SW 1st Ave
Distance between this listing and this school1.20 miles
Public Magnet Grades KG-5
9
/10
Somerset Academy Boca East
333 SW 4th Ave
Distance between this listing and this school1.36 miles
Public Charter Grades KG-5
5
/10
Deerfield Beach Elementary School
650 NE 1st St
Distance between this listing and this school1.43 miles
Public District Grades KG-5
Nearby Schools
9
/10
Somerset Academy Boca Middle School
333 SW 4th Ave
Distance between this listing and this school1.36 miles
Public Charter Grades 6-8
3
/10
Deerfield Beach Middle School
701 SE 6th Ave
Distance between this listing and this school2.07 miles
Public Magnet Grades 6-8
4
/10
Somerset Academy Key Middle School
959 SE 6th Ave
Distance between this listing and this school2.26 miles
Public Charter Grades 6-8
Nearby Schools
4
/10
Somerset Academy Key Charter High School
959 SE 6th Ave
Distance between this listing and this school2.26 miles
Public Charter Grades 9-12
10
/10
A.D. Henderson University School & Fau High School
777 Glades Rd Bldg 26
Distance between this listing and this school3.00 miles
Public District Grades KG-12
6
/10
Boca Raton Community High School
1501 NW 15th Ct
Distance between this listing and this school3.21 miles
The neighbors living near this home have an average income of $64,333. The most common annual income of people living in Boca Raton, FL is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1216 Spanish River Rd
What is the listing price of this property?
The listing price of 1216 Spanish River Rd property is $11,795,000.
What type of property is this?
The property 1216 Spanish River Rd is a house located in Boca Raton, Florida, 33432.
Is this property for sale now?
Sale Pending: 1216 Spanish River Rd is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $19,864 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 3, 2021 for $2,475,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1216 Spanish River Rd has 7 bedrooms and 6 full and 2 half bathrooms.
What is the square footage of this property?
The property 1216 Spanish River Rd is 8,355 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1216 Spanish River Rd is 2024.
Interested in 1216 Spanish River Rd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1216 Spanish River Rd in Boca Raton, FL and zip code 33432 in the The Estates neighborhood. This 8,355 square foot home was built in 2024. Features: 7 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since January 31, 2024 and is currently priced at $11,795,000.
Boca Raton, FL housing market in October 2024 saw over 11 listings sold above listed price, more than 28 sold at listed price and over 193 sold below. The inventory of homes for sale in Boca Raton, FL between September 2024 and October 2024 increased by 3.9%. In October 2024, listings were on the market for 74 days. During the same period, the median list price in this real estate market was $631,981.
From Rocket Homes Real Estate and based on county public records data.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc. 
Live Theatre
Live Theatre
Men's Tennis
Hiking/backpacking
Bloomingdales
Nordstrom Rack
New York & Company
Boston Market
The Cheesecake Factory
Starbucks
Mercedes
Volvo
Audi
News
Alternative
Active Rock