A waterfront spec mansion at 2500 East Maya Drive inside the gated Royal Palm Yacht & Country Club traded for $75 million on May 26, 2026 — a new Boca Raton single-family record and the top recorded home sale across South Florida for the day. The Real Deal’s daily deal sheet logged the transaction; David Roberts of Royal Palm Properties represented both sides. The seller was SRD Building, the development entity controlled by brothers Steve and Scott Dingle; the buyer was a trust.
The estate spans 18,300 square feet across eight bedrooms, 10 full and five half bathrooms, with 292 feet of deepwater frontage on the Intracoastal corridor. Built amenities include a wellness wing, a golf simulator, and dock capacity matched to Royal Palm Yacht & Country Club’s no-fixed-bridge ocean access. The trade prints at roughly $4,100 per square foot — the highest per-foot residential print recorded in Boca Raton’s history and a number that lands inside the Town of Palm Beach trophy range rather than Boca Raton’s traditional comp set.
For Palm Beach County’s luxury asset comp set, the print matters for three reasons. First, the per-foot number compresses the historical premium that the Town of Palm Beach has carried over Boca Raton. Comparable Palm Beach proper closings — including 757 Island Drive’s $93.3 million Everglades Island close on May 21 and the McMackin family’s $85 million signed contract on 1660 South Ocean Boulevard in Manalapan reported May 26 — printed at $4,000-$4,500 per foot, putting Royal Palm Yacht & Country Club inside the same band for the first time. Second, the deal was off-market for most of the listing cycle, with David Roberts representing both sides — a transaction pattern that has accelerated across Palm Beach County’s trophy tier over the past 18 months. Third, the buyer trust signals continued capital migration from the Northeast and West Coast into Palm Beach County’s gated communities.
The broader Palm Beach County trophy tape now reads as one of the most active eight-day stretches the segment has printed since the post-2020 surge. The cluster running from May 19 through May 26 includes 1632 South Ocean Boulevard at $36 million, 757 Island Drive at $93.3 million, 614 Tarpon Way at $37.1 million, 1660 South Ocean Boulevard at $85 million signed contract, and now 2500 East Maya Drive at $75 million. Combined transaction value across the cluster clears $326 million in eight days — a tape that has not printed in the county since the 2022 Phipps Estate cluster.
For collateral lenders, the deal extends the analytical framework Borro has been building across the Palm Beach trophy tape. Median single-family pricing in the Town of Palm Beach sits at $12.9 million per Premier Estate Properties’ 2026 market read, with five-year appreciation at 118.2 percent and the $205 million trophy ceiling still anchored by the Gucci-heir listing on South Ocean Boulevard. Boca Raton’s median sits structurally lower, closer to $2 million in single-family, but the Royal Palm Yacht & Country Club enclave has consistently traded at multiples of the broader Boca Raton tape.
Royal Palm Yacht & Country Club itself is a 230-acre enclave with approximately 700 single-family residences and a private 18-hole Jack Nicklaus-designed course. The 292 feet of dockage at 2500 East Maya Drive ranks among the longest single-residence frontage in the development, and the membership dynamics have produced a buyer pool that overlaps with Indian Creek Island Miami Beach and the Town of Palm Beach’s North End.
The actionable read for Palm Beach County collateral lenders is that the trophy comp set has now extended south. Loans written against trophy collateral in Town of Palm Beach addresses can be benchmarked against Royal Palm Yacht & Country Club prints at parity per-foot, expanding the addressable lending market without diluting the underwriting standard. The May 26 print also reinforces the cluster pattern: when multiple $50 million-plus closings stack inside a single eight-day window, secondary effects ripple into the broader $5-20 million Boca Raton and West Palm Beach market within roughly six weeks.
From the Borro desk: Patek Philippe’s Watches and Wonders 2026 releases set the upper end of what Palm Beach Patek consignments and signed-piece collateral will print into the back half of 2026.
Related coverage: 757 Island Drive Everglades Island closes at $93.3 million; McMackins’ $85 million Manalapan estate goes into contract.