The deal
Steve and Scott Dingle's SRD Building Corp sold a waterfront spec mansion at 2500 East Maya Palm Drive in Boca Raton for $75 million, a record for home sales in the city and within the gated Royal Palm Yacht & Country Club community, according to The Real Deal. David Roberts of Royal Palm Properties represented both the seller and the buyer, whose identity was not disclosed.
The roughly 18,200-to-18,300-square-foot estate sits on a 0.8-acre corner lot with 292 feet of water frontage. It was briefly listed at $80 million before selling. Roberts told The Real Deal that three buyers toured the completed home in early May and that the sellers deliberately withheld it from the market until construction and furnishing were finished.
The house and its record-breaking predecessor
The eight-bedroom home, with 10 full bathrooms and five half-bathrooms, includes a wellness wing with a fitness center, an infrared sauna, a cold plunge pool, a club room, a golf simulator and a game room, and was designed by SRD Building Corp with interiors by P&H Interiors, according to Realtor.com's account of the listing.
The prior record the sale broke was, in effect, the Dingles' own transaction: they paid $36 million for the 1.7-acre parcel in 2024, then split it into two lots and built on one of them. An Estate Wire calculation shows the $75 million sale price is more than double that $36 million land purchase, though that comparison covers a different, larger and undeveloped parcel and does not account for construction costs, so it should not be read as profit.
Roberts, who has represented other high-end deals in the community, said buyers at this price point 'want premium' and that the sale would reset pricing expectations across Boca Raton's ultra-luxury segment. He cited comedian Kevin James's earlier 2026 purchase of an 8,685-square-foot Royal Palm home for $17.2 million as another marker of the community's rising price floor.
Part of a broader run
The Boca Raton record adds to a string of 2026 South Florida luxury milestones, including a $15.7 million non-waterfront record in nearby West Palm Beach in July and a regional luxury market report showing single-family luxury sale prices up 7.2% year over year across the five-county area in the second quarter. Roberts described the sale as 'adding fuel to a still-hot ultra-luxury market' spanning South Florida's priciest gated communities.
A club built by an aluminum baron
Royal Palm Yacht & Country Club, where the Dingles' spec mansion set the record, has a specific and well-documented origin. Arthur Vining Davis, chairman of the Aluminum Company of America, formed the Arvida Corporation in 1958 — the name an acronym of his own — to sell off part of his roughly 100,000 acres of Florida land holdings, choosing a site bounded by the Boca Raton Resort & Club, the Intracoastal Waterway, the Hillsboro River and Federal Highway. Ground broke on March 21, 1959, according to Royal Palm Properties broker David Roberts, and the club's first Commodore's Ball was held March 19, 1960, honoring inaugural Commodore Milton N. Weir Jr., a Yale-educated former Gulf Oil executive Davis had installed as Arvida's president.
Arvida originally platted 723 home sites, later redesigned to 742, and imposed unusually strict building standards for the era — underground utilities, mandatory white roofs and larger-than-typical lots — that some builders complained made it impossible to build and sell competitively. Sam Snead served as the club's first golf professional on a course originally designed by Robert Trent Jones Sr.; Jack Nicklaus's firm later redesigned it, and the club hosted the PGA Tour's TimberTech Championship in 2022 following a 2024 renovation. Homeownership in Royal Palm is separate from club membership, which requires sponsorship by two existing members — a structure that keeps the roughly 700-home community by-invitation-only even as sale prices climb.