700 Lake Dr
Boca Raton, FL 33432
Contact For Estimate

700 Lake Dr
Boca Raton, FL 33432

  • 9 baths
  • 12,846 sqft
  • 1.1 acres lot size
  • Single-Family Home
Off Market · Public Record
Contact For Estimate
700 Lake Dr
  • 23
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  • 1 Elementary School

    1 Middle School

    1 High School

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  • Lowest crime relative to the rest of Palm Beach county.

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  • 96% of residents commute by car.

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  • 128 Restaurants

    5 Grocery stores

    37 Nightlife

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Off Market · Public Record

Home Details

Overview
  • Single-Family Home
  • 9 Baths
  • Built in 2001
  • 1.1 acres lot size
  • 12,846 sqft
Description

This property is no longer available to rent or buy. This description is from October 04, 2013
Presiding over manicured tropical grounds on Lake Boca Raton, this rare point estate enjoys one of Boca Raton’s most highly desirable locations. Walled and gated for maximum seclusion, the magnificent property spans 450± feet of deepwater shoreline, commanding panoramic views overlooking the Intracoastal Waterway and the historic Boca Raton Resort & Club directly across the lake. LOCATION Lake Drive, Boca Raton, Florida. On Lake Boca Raton, the estate enjoys one of Boca Raton’s most prestigious locations, adjacent to the Boca Inlet and minutes away from direct access to the Atlantic Ocean. Across from the Boca Raton Resort & Club, the property is also close to beautiful beaches, fine shops, restaurants, and the Boca Raton Executive Airport. PROPERTY Uniquely sited on Lake Boca Raton, this 1.5± acre trophy point estate spans 450± feet of deepwater frontage, commanding breathtaking panoramic views overlooking the Intracoastal Waterway, two bridges, and the Boca Raton Resort & Club. The walled and gated grounds are beautifully landscaped with lush tropical gardens tall hedges, and swaying palms. Stately entrance gates open to the graceful stone motor court, with classic brick-inlaid design. Poised along the waterfront, a formal terrace frames the mosaic-tiled heated pool and spa, surrounded by manicured plantings. The adjacent entertainment pavilion is complete with summer kitchen and cabana bath. Multi-yacht dockage features a finger dock and boat slip. A full house back-up generator is also provided. RESIDENCE Elegantly appointed and exquisitely furnished, this luxurious built residence contains 17,000± total square feet with seven bedrooms and nine full and two half baths. State-of-the-art amenities include an elevator. Two garages accommodate a total of five cars and additional catering kitchen. Numerous loggias and balconies take advantage of the sweeping water views throughout. FIRST FLOOR: At the formal entry, stately mahogany doors open to a grand foyer with sweeping staircase and marble floor, accented by an inlaid medallion. A powder room is adjacent. Just ahead the 2-story living room is highlighted by a fireplace with massive antique, diamond-paned mirrored overmantel. Surveying the pool and waterfront, a floor-to-ceiling window wall is flanked by glass doors opening to loggias along either side. Off the foyer, French doors open to the handsome mahogany-paneled library, with coffered ceiling, fireplace, and extensive bookshelves and cabinets. A graceful domed ceiling crowns the formal dining room, also opening to a loggia. Adjacent are a Butler’s Pantry and richly paneled full bar with custom cabinetry, marble counter, and temperature-controlled, walk-in wine vault. Superbly designed, the gourmet kitchen offers custom cabinetry, green granite counters, two center islands with quartz tops, and professional-grade appliances. An adjoining brick-floored breakfast room features a gazebo-style design with latticework and French doors to a pergola with tea garden. A pantry, laundry room, and powder room are adjacent to the service entry. An open family room with beamed cathedral ceiling, cherry-wood floor, a fireplace leads to a waterside loggia. A private double-door entry serves the luxurious master suite., also opening to a waterside loggia. The suite features a large bedroom with fireplace and elaborate moldings, an adjoining sitting room/office, a dressing room, and lavish his and her marble baths. SECOND FLOOR: Opening to a water-view balcony, two additional bedrooms both feature sitting alcoves, walk-in closets, and en-suite baths. Another two bedrooms both have walk-in closets, en-suite baths, and private water-view balconies. Served by a private entry and staircase, the staff apartment/carriage house contains a living/dining room, kitchen, bedroom, and bath. A separate guest house with full bath is also provided above the detached garage.

Price History
Date
Price
Event

05/18/2016
$10,000,000
Sold
Recording Date
05/18/2016
Contract Date
05/13/2016
Sale Price
$10,000,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
$70,000
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

11/15/2001
$3,090,000
Sold
Recording Date
11/15/2001
Contract Date
11/13/2001
Sale Price
$3,090,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
N/A
Total Transfer Tax
$21,630
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

06/17/1999
$2,200,000
Sold
Recording Date
06/17/1999
Contract Date
N/A
Sale Price
$2,200,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
$15,400
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

12/15/1998
$100
Sold
Recording Date
12/15/1998
Contract Date
N/A
Sale Price
$100
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
$1
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

03/04/1997
$3,215,400
Sold
Recording Date
03/04/1997
Contract Date
N/A
Sale Price
$3,215,400
Price Type
Non-arms length transaction.
County Transfer Tax
N/A
Total Transfer Tax
$22,508
Transaction Type
Non-Arm's Length Transaction
Document Type
N/A

Property Taxes and Assessment
Year
2016
Tax
$173,733.72
Assessments
$12,102,229
Land
N/A
Improvements
N/A
Total
$12,102,229
Market Value
N/A

Price Trends
Real Estate Trends
Average Listing Price for 33432
$1,634,032
26% below sold price
Median Sale Price for 33432
$449,500
80% below sold price
Average Sale price/sqft for 33432
$329/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
2.33
Single-Family Home
$5,128,000
06/22/17
4
5.5
5,481
0.68
Single-Family Home
$4,625,000
08/04/17
-
3.5
3,686
0.61
Single-Family Home
$4,975,000
06/07/17
-
8
7,502
1.87
Single-Family Home
$3,900,000
05/26/17
5
6
5,752
6.92
Single-Family Home
$3,799,000
11/21/17
7
10
11,402
6.28
Single-Family Home
$4,500,000
07/31/17
-
-
4,111
1.38
Single-Family Home
$3,195,000
05/05/17
6
7
7,451
1.51
Single-Family Home
$4,400,000
12/04/17
-
3.5
3,456
1.07
Single-Family Home
$3,300,000
07/31/17
5
5.5
6,797
9.46
Single-Family Home
$6,400,000
05/12/17
-
10.5
13,921

Contact Info


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