A waterfront mega-mansion in Boca Raton's Royal Palm Yacht & Country Club just closed for a jaw-dropping $75 million, taking the crown as the most expensive single-family home sale in the United States in May. The spec-built estate sits on a trophy point along East Maya Palm Drive, pairing roughly 18,000 square feet of conditioned space with resort-style amenities and a serious stretch of water frontage. The deal marks a new milestone for Boca Raton's ultra-luxury scene and adds more fuel to South Florida's streak of record-breaking sales.
The property topped Redfin’s rundown of May's priciest sales. The home's Redfin page shows a May 20 closing at $75,000,000, along with eight bedrooms and about 18,286 square feet under air. Listing details highlight dual primary suites, a club room, a dedicated wellness wing with a fitness center, and a high-tech golf simulator. The page credits SRD Building Corp. as the developer and P&H Interiors for the interiors, and notes that the estate spans roughly 0.81 acres with more than 290 feet of waterfront.
Built As a Trophy Spec By SRD Building
SRD Building Corp., led by brothers Steve and Scott Dingle, developed the waterfront project and brought the completed home to market this spring, according to industry reporting. The Dingles had paid about $36 million for the lot in 2024, then briefly floated the finished property at $80 million before agreeing to the $75 million deal. The Real Deal reports that the home's rare point-lot frontage and sheer finished scale were key ingredients in achieving the final price.
Local Brokers Say Boca Has Leveled Up
Local agents say this sale is more than just a big number. It is a signal that Boca Raton is now trading punches with Palm Beach and Miami for top-tier trophy homes. Broker Jason Matouk wrote that Boca has "entered a new competitive tier," while broker Scott Gerow noted that buyer interest in the city surged during the pandemic as inventory tightened in other South Florida hot spots. Those comments appeared in coverage by WPEC/CBS12, which syndicated a Sun Sentinel report on the deal.
Florida Shows Up In The Numbers
Zooming out, Florida dominated the ultra-luxury leaderboard. Redfin's national roundup found that the state accounted for half of May's top 10 U.S. home sales, with other marquee deals in Manalapan, Palm Beach and Miami Beach, which underscores South Florida's continuing pull for deep-pocketed buyers. Market watchers point to scarce waterfront land, tax advantages and a steady stream of high-end spec construction as the main forces behind the cluster of blockbuster transactions. According to Redfin News, the Boca Raton closing led the pack for the month.
Who Bought It And What Comes Next
Public records summarized in local reporting identify the buyer as an entity called the "2500 East Maya Palm Trust," which acquired the property through a trustee, a standard privacy setup in the ultra-luxury bracket. Local brokers say the sale is likely to reset price expectations inside Royal Palm and put fresh pressure on neighboring trophy lots. The Real Deal notes that the $75 million trade more than doubled Boca Raton's previous single-family sale record. For now, agents say the entire market will be watching to see whether upcoming spec projects can match this deal's combination of scale, finish and waterfront cachet.
