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 in the exclusive neighborhood of Boca Raton, Florida. Read more at BocaVibe.com.
The seller of 220 Arabian Road was a limited liability company co-managed by Mark Marcello, a private-capital specialist, and luxury homebuilder Marc Julien of Marc Julien Homes. Marcello signed the deed to complete the sale, which took place privately without any public auction or open house.
Features and Amenities
- 5 bedrooms and 7 bathrooms
- 11,000 square feet of living space
- Private pool with outdoor kitchen and bar area
- Private tennis court and putting green
- Private parking for multiple vehicles
The house is located on a private estate with lush landscaping and stunning views of the surrounding neighborhood.
Market Trends in Boca Raton
- Boca Raton’s luxury real estate market continues to thrive, with high-end properties selling for record prices.
- The city’s popularity among affluent buyers has led to a surge in new construction and development projects.
- The area’s excellent schools, low crime rate, and beautiful beaches make it an attractive destination for families and professionals alike.
The sale of this luxurious house is just the latest example of Boca Raton’s strong real estate market. With its rich history, stunning natural beauty, and high-end amenities, the city remains a top choice among luxury buyers and investors.
Official city info: City of Boca Raton.
Source: Original Report