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Sold for $22,500,000
  • $22,500,000

    2989 Spanish River Road, Boca Raton, FL 33432

    6beds
    12,055sqft
    Single Family Residence
    Built in 2002
    0.69 Acres Lot
    $22,512,100 Zestimate®
    $1,866/sqft
    $-- Estimated rent

    Home value

    $22,512,100

    $20.26M - $24.99M

    Not available

    Zestimate® history
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    $164,920/mo

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    What's special

    Separate guest homeModern lightingFully furnished interiorsNewly crafted countersEight bedroomsSix beautifully appointed bedroomsFull repaint
    Rarely does an estate of this scale and distinction become available. Positioned on one of the largest Intracoastal lots in Boca Raton's prestigious Estate Section, this fully reimagined waterfront home offers 200 feet of frontage and showcases uncompromising quality, with exceptional materials and finishes selected throughout. Behind private gates, this expansive compound offers more than 12,000 square feet of refined interiors and over 17,000 total square feet across eight bedrooms, thoughtfully arranged between the main residence and a separate guest home. The layout is exceptional: the main residence features six beautifully appointed bedrooms, while the guest home includes two additional bedrooms, a full kitchen, a spacious living room, its own private entrance, and even an additiona 1-car garage dedicated to this suite a rare feature that enhances convenience, privacy, and long-term flexibility for guests, staff, or multigenerational living. A dramatic double-height clubroom serves as the architectural centerpiece, seamlessly connecting the main residence to the guest home. With soaring volume, natural light, and gallery-like presence, this grand space allows the property to function as one cohesive estate or as two private living environments depending on preference. At the heart of the home, a waterfront executive office captures serene Intracoastal views and includes a sophisticated adjacent lounge, creating a private, elevated environment ideal for work, meetings, relaxation, or quiet retreat. This wing stands out as one of the home's signature spacespairing functionality with an intimate, luxury atmosphere. From the moment you enter the grounds, the scale of the transformation becomes clear. The exterior has been completely elevated with a full repaint, a brand-new roof including all flat sections, and enhancements to the sea wall. The entire property has been upgraded with pet-friendly turf, lush new landscaping, mature trees, vibrant flower beds, layered plantings, and a serene Zen garden accented by sculptural rock elements. Landscape lighting illuminates every contour of the grounds and trees, while updated sconces, downlighting, and outdoor ceiling fans create a warm, inviting ambiance from sunrise to sunset. Both the main and guest house gates now feature upgraded motors and modernized controls, complementing major mechanical upgrades that include a new whole-home generator with transfer switch, new exterior electrical panels, and a comprehensive outdoor security and sound system. Designed for boating enthusiasts, the waterfront has been dramatically enhanced with a brand-new 200-foot dock and a 24,000-pound boat lift. The pool and spa area has also been elevated with new pool and spa tile, new coping, and upgraded equipment with full smart controls. Outdoor furniture features updated surfaces and all-new cushions, creating a polished, resort-style lounge environment ideal for entertaining or enjoying sunset views along the Intracoastal. Inside, both the main residence and guest home have undergone a sweeping transformation. New wooden and tile flooring, freshly painted rooms and trim, modern lighting, and a curated interior palette give the home a crisp, sophisticated aesthetic. Significant mechanical improvements include the replacement of ten of the twelve A/C units and handlers, installation of new wireless routers, and a fully integrated Control4 smart home system managing lighting, audio, video, security, thermostats, gates, and garage doors. Every switch, outlet, and wall covering has been replaced, and all in-ceiling lighting has been transitioned to high-efficiency LEDs. The main kitchen, redesigned by NEF Designs, showcases bespoke cabinetry, newly crafted counters, upgraded lighting, and premium Sub-Zero and Wolf appliancesincluding four additional refrigeration drawers. Two newly built, temperature-controlled wine roomsone featuring a lounge seating areaadd architectural drama and serve as sophisticated spaces for entertaining or showcasing curated collections. The bathrooms throughout the estate have been updated with new or modernized vanities and sleek plumbing fixtures, bringing a fresh, elevated feel to every room. The five-car garage servicing the main home has been enhanced with new cabinetry, improved surfaces, and new motors on all doors, further complemented by the additional 1-car garage at the guest home, bringing the total to six garages across the estate. Additional upgrades include new dining room windows and updated custom shade systems throughout, tying the interiors together with a polished, unified aesthetic. With its comprehensive transformation, thoughtful layout, fully furnished interiors, state-of-the-art smart home technology, resort-style outdoor living, and premier Intracoastal presence, this estate stands as one of Boca Raton's most exceptional turnkey opportunities. Every detail has been curated to deliver an effortless, elevated lifestylemaking this waterfront compound a true modern masterpiece.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nicholas M Gonzalez 561-306-7220,

    Serhant,

    Matthew John Moser 954-383-3422,

    Serhant

    Bought with:

    Nicholas M Gonzalez, 3348979

    Serhant

    Matthew John Moser, 3281268

    Serhant

    Source: BeachesMLS,MLS#: R11146112MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 13
    • Full bathrooms: 9
    • 1/2 bathrooms: 4
    • Main level bathrooms: 5
    • Main level bedrooms: 1
    Heating
    • Central, Heat Pump, Zoned
    Cooling
    • Central Air, Zoned
    Appliances
    • Included: Dryer, Dishwasher, Free-Standing Freezer
    • Laundry: Inside
    Features
    • Bidet, Built-in Features, Breakfast Area, Bathtub, Closet Cabinetry, Cathedral Ceiling(s), Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Elevator, High Ceilings, Kitchen Island, Multiple En Suite Bathrooms, Pantry, Sitting Area in Primary, Split Bedrooms, Soaking Tub, Separate Shower, Upper Level Primary, Vaulted Ceiling(s)
    • Flooring: Marble, Wood
    • Doors: French Doors
    • Windows: Plantation Shutters, Skylight(s)
    • Has fireplace: Yes
    Interior area
    • Total structure area: 17,447
    • Total interior livable area: 12,055 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Attached, Garage, Garage Door Opener
    • Attached garage spaces: 5
    Features
    • Levels: Multi/Split,Two
    • Stories: 2
    • Entry location: Entry Level Living Area Y
    • Patio & porch: Covered, Patio, Porch, Balcony
    • Exterior features: Balcony, Outdoor Living Area
    • Has private pool: Yes
    • Pool features: Heated, In Ground, Outside Bath Access
    • Has spa: Yes
    • Spa features: In Ground
    • Has view: Yes
    • View description: Intercoastal, Pool
    • Has water view: Yes
    • Water view: Intercoastal
    • Waterfront features: Intracoastal Access, No Fixed Bridges, Ocean Access, Seawall
    Lot
    • Size: 0.69 Acres
    • Dimensions: 150 x 200
    • Features: Sprinklers Automatic
    Details
    • Parcel number: 06434732020100170
    • Zoning: R1A(ci

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Georgian
    • Property subtype: Single Family Residence
    Materials
    • Block, Concrete
    • Roof: Flat
    Condition
    • Resale
    • New construction: No
    • Year built: 2002

    Utilities & green energy

    • Electric: 3 Phase
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Sewer Available, Water Available

    Community & HOA

    Community
    • Security: Security System, Gated Community
    • Subdivision: SPANISH RIVER LAND
    HOA
    • Has HOA: No
    • Amenities included: None
    Location
    • Region: Boca Raton

    Financial & listing details

    • Price per square foot: $1,866/sqft
    • Tax assessed value: $16,258,271
    • Annual tax amount: $208,659
    • Date on market: 12/8/2025
    • Cumulative days on market: 172 days
    • Listing terms: Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/24/2026Sold$22,500,000-10%$1,866/sqft
    Source: BeachesMLS #R11146112 Report a problem
    6/4/2026Pending sale$24,995,000$2,073/sqft
    Source: BeachesMLS #R11146112 Report a problem
    2/4/2026Price change$24,995,000-9.1%$2,073/sqft
    Source: BeachesMLS #RX-11146112 Report a problem
    12/8/2025Listed for sale$27,500,000+41%$2,281/sqft
    Source: BeachesMLS #RX-11146112 Report a problem
    2/24/2025Listing removed$19,500,000$1,618/sqft
    Source: Douglas Elliman #RX-11025774 Report a problem
    10/2/2024Listed for sale$19,500,000-11.2%$1,618/sqft
    Source: BeachesMLS #RX-11025774 Report a problem
    8/2/2024Listing removed--
    Source: BeachesMLS #RX-10936357 Report a problem
    1/23/2024Price change$21,950,000-11.8%$1,821/sqft
    Source: BeachesMLS #RX-10936357 Report a problem
    11/17/2023Listed for sale$24,900,000+255.7%$2,066/sqft
    Source: BeachesMLS #RX-10936357 Report a problem
    8/6/2020Sold$7,000,000-11.9%$581/sqft
    Source: BeachesMLS #R10518164 Report a problem
    5/26/2020Listed for sale$7,950,000$659/sqft
    Source: Premier Estate Properties Inc #RX-10518164 Report a problem
    5/26/2020Pending sale$7,950,000$659/sqft
    Source: Premier Estate Properties Inc #RX-10518164 Report a problem
    11/20/2019Price change$7,950,000-16.3%$659/sqft
    Source: Beaches MLS #RX-10518164 Report a problem
    10/23/2019Price change$9,500,000-7.3%$788/sqft
    Source: Beaches MLS #RX-10518164 Report a problem
    8/12/2019Price change$10,250,000-14.2%$850/sqft
    Source: Beaches MLS #RX-10518164 Report a problem
    5/29/2019Listed for sale$11,950,000+129.8%$991/sqft
    Source: Beaches MLS #RX-10518164 Report a problem
    5/27/2003Sold$5,200,000+300%$431/sqft
    Source: Public Record Report a problem
    10/24/2000Sold$1,300,000$108/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$208,659 +2.8%$9,879,377 +10%
    2024$202,984 +6.9%$8,984,250 +10%
    2023$189,969 +14.3%$8,167,500 +10%
    2022$166,243 +28.8%$7,425,000 +4.1%
    2021$129,080 -16.1%$7,130,620 -16.2%
    2020$153,896 -2%$8,504,687 -0.2%
    2019$157,107 $8,521,985 +10%
    2018$157,107 +14%$7,747,259 +1%
    2017$137,866 -0.6%$7,671,439 -2.3%
    2016$138,740 -4.8%$7,848,884 +0.2%
    2015$145,661 +2.2%$7,833,348 +9.6%
    2014$142,482 +7.5%$7,145,510 +10.1%
    2013$132,576 +13.2%$6,489,857 +10%
    2012$117,104 +1.1%$5,899,870 +2.2%
    2011$115,864 +2%$5,770,497 +2.3%
    2010$113,623 -13.5%$5,641,710 -17%
    2009$131,292 -2.6%$6,799,450 -11.1%
    2008$134,781 -3.7%$7,644,898 -3.6%
    2007$139,890 +5.8%$7,928,060 +15%
    2006$132,170 $6,891,156 +6.8%
    2005-- $6,451,615 +0.5%
    2004$71,370 +68525.4%$6,417,682 +905%
    2003$104 -99.2%$638,601 +2.4%
    2002$12,456 -0.1%$623,634 +1.6%
    2001$12,464 +3.4%$613,813 +3%
    2000$12,051 +1.8%$595,935 -2.5%
    1999$11,833 $611,154
    Find assessor info on the county website

    Neighborhood: 33432

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Boca Raton
    • Middle: Boca Raton Community
    • High: Boca Raton

    Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $22,512,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $22,512,100