By Boca Vibe
Never-Lived-In ‘Spec’ House Sells Privately for $15.75M in Boca Raton
A luxurious house developed on speculation has sold off market for a recorded $15.75 million on the far North End of Boca Raton, Florida. Read more at BocaVibe.com.
- Located at 220 Arabian Road, the property was a limited liability company co-managed by Mark Marcello, a private-capital specialist, and luxury homebuilder Marc Julien of Marc Julien Homes.
- The seller signed the deed to complete the house, which had been vacant since its construction.
According to sources, the buyer was not disclosed due to the off-market nature of the sale.
- The property features a unique design and high-end finishes throughout.
- It boasts over 10,000 square feet of living space and offers stunning views of the surrounding area.
The sale price of $15.75 million is a record for a single-family home in Boca Raton.
- The property’s high-end finishes and unique design make it a standout in the local real estate market.
- Its sale price reflects its exclusivity and luxury features.
Mark Marcello, co-managing director of the limited liability company that sold the property, said: “We are thrilled to have found a buyer who shares our vision for this exceptional property.”
- Marc Julien, founder of Marc Julien Homes, added: “This sale is a testament to the power of luxury real estate in Boca Raton.”
The sale of this never-lived-in ‘spec’ house is a rare example of a high-end property selling privately for a record price.
Official city info: City of Boca Raton.
Source: Original Report