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298 W Key Palm Rd, Boca Raton, FL, 33432

$25,500,000

6 Bedrooms
8 Full Baths, 2 Partial
11,471 SqFt
$2,223/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
Parking2+ Spaces, Drive - Circular, Driveway, Garage - Attached
Attached Garage5 spaces
Year Built2022
HeatingCentral, Zoned
CoolingCentral Air, Zoned
WaterfrontCanal, Ocean Access
ViewCanal, Garden, Pool
Private PoolYes
MLS #RX-11037462
StatusActive

About 298 W Key Palm Rd

Immerse yourself in unparalleled luxury with this extraordinary furnished waterfront estate by SRD Building Corp. Spanning over 11,400 square feet of refined living space, this six-bedroom, eight full and two half-bathroom home is on 166 feet of deep-water frontage, offering a yacht-ready dock and southern exposure. A stunning waterfall wall fountain sets the tone as you enter the dual-entrance motor court driveway. The first-floor owner's wing is a private sanctuary with His & Her spa-like bathrooms, a dedicated wellness/gym with a full spa bath and steam shower, and a tranquil sitting room. For car enthusiasts, showroom-style garages with glass walls provide a striking display for your collection enjoyed from the private study.

Property Details

Property Features

Property Information:

  • Architectural Style: < 4 Floors, Contemporary
  • Year Built: 2022
  • Stories: 2
  • Living Area: 11,471 SqFt

Listing Office:

  • Office Name: Royal Palm Properties LLC
  • Office Phone: (561) 368-6200
  • Listing Agent: David W Roberts

Interior Features

Interior Information:

  • Appliances: Automatic Garage Door Opener, Central Vacuum, Dishwasher, Dryer, Freezer, Whole Home Generator, Ice Maker, Gas Range, Refrigerator, Oven, Washer
  • Flooring Type: Tile, Wood Floor
  • Interior: Bar, Built-in Shelves, Elevator, Entry Lvl Lvng Area, Foyer, Kitchen Island, Pantry, Second/Third Floor Concrete, Upstairs Living Area, Volume Ceiling, Walk-in Closet, Wet Bar

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 8
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Canal, Ocean Access
  • View: Canal, Garden, Pool
  • Exterior: Auto Sprinkler, Built-in Grill, Covered Balcony, Covered Patio, Open Balcony, Outdoor Shower, Summer Kitchen

Parking Information:

  • Garage Space: 5 spaces
  • Attached Garage: Yes
  • Parking: 2+ Spaces, Drive - Circular, Driveway, Garage - Attached

Virtual/3D Tour

  • 3D Tour: 298 W Key Palm Rd
3D Tour

Lot Features

Lot Information:

  • Lot: Corner Lot

Utilities

Utilities Information:

  • Heating: Central, Zoned
  • Cooling: Central Air, Zoned

Other

Directions Information:

  • Directions: Royal Palm Yacht & Country Club

Price Information

Listing Price Info

Price Summary:

  • List Price: $25,500,000
  • Price Per SqFt: $2,223/SqFt

HOA Fees:

  • Amount: $315
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $140,574
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Boca Raton, FL.

Med. Sold Price

$635.3K

Med. Price/SqFt

$342

Avg. Days On Market

54

# of Sold Homes

169

298 W Key Palm Rd vs Boca Raton

32 DAYS ON ROCKET

-22 Days

$25,500,000

+$24.8M More

$2,223/SqFt

+$1.8K More

KEY TAKEAWAY

This property is $24.8M more than the Median Sold Price and $1.8K/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-11037462

Listing Office:

  • Office Name: Royal Palm Properties LLC
  • Office Phone: (561) 368-6200
  • Listing Agent: David W Roberts

IDXAll 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: 12/18/2024, 8:20:53 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

Apr 16, 2021Home Sold
$5,275,000
Jan 14, 2021Home Sold
$9,425,000
Jun 14, 2011Home Sold
$7,200,000
Dec 29, 2006Home Sold
$7,350,000

Tax History

YEARPROP. TAXASSESSMENT
2020$140,574$7,807,223
2019$141,394$7,631,694
2018$132,563$7,489,395
2017$131,942$7,335,353

History based on county public records data.

Payment Calculator

$127.6K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$76.5K

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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.

Nearby Schools

school-card-donut-36
5
/10
  • Deerfield Beach Elementary School

  • 650 NE 1st St

  • 0.69 miles

  • Public District Grades KG-5

school-card-donut-37
9
/10
  • Somerset Academy Boca East

  • 333 SW 4th Ave

  • 1.68 miles

  • Public Charter Grades KG-5

school-card-donut-38
5
/10
  • Boca Raton Elementary School

  • 103 SW 1st Ave

  • 1.69 miles

  • Public Magnet Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $285,817. The most common annual income of people living in Boca Raton, FL is $200k+. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 298 W Key Palm Rd

What is the listing price of this property?

The listing price of 298 W Key Palm Rd property is $25,500,000.

What type of property is this?

The property 298 W Key Palm Rd is a house located in Boca Raton, Florida, 33432.

Is this property for sale now?

Active Listing: 298 W Key Palm Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $140,574 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 16, 2021 for $5,275,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 298 W Key Palm Rd has 6 bedrooms and 8 full and 2 half bathrooms.

What is the square footage of this property?

The property 298 W Key Palm Rd is 11,471 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 298 W Key Palm Rd is 2022.
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Rocket Homes›Florida›Palm Beach County›Boca Raton›33432›298 W Key Palm Rd

This home is located at 298 W Key Palm Rd in Boca Raton, FL and zip code 33432 in the Royal Palm Yacht & Country Club neighborhood. This 11,471 square foot home was built in 2022. Features: 6 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $25,500,000.

In November 2024 more than 12 listings in Boca Raton, FL were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 146 were sold below. The inventory of homes for sale in Boca Raton, FL between October 2024 and November 2024 increased by 8%. In November 2024 median list price was $635,319 and the average listing age was 54 days.

From Rocket Homes Real Estate and based on county public records data.

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