{"id":4696,"date":"2026-06-19T16:38:20","date_gmt":"2026-06-19T16:38:20","guid":{"rendered":"https:\/\/orlandorelocationreport.com\/?p=4696"},"modified":"2026-06-19T16:38:20","modified_gmt":"2026-06-19T16:38:20","slug":"75-million-florida-mansion-was-the-most-expensive-home-sold-in-may","status":"publish","type":"post","link":"https:\/\/orlandorelocationreport.com\/?p=4696","title":{"rendered":"$75 million Florida mansion was the most expensive home sold in May"},"content":{"rendered":"
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A sprawling waterfront mansion recently sold for $75 million in Boca Raton, becoming the most expensive home sold in the United States in May.<\/p>\n

Read more Miss Manners: Am I allowed to send back a tiny restaurant meal and request real food?<\/a><\/p>\n

The purchase reportedly broke the record for most expensive home sale in Boca Raton, which experts say reflects growing interest in the city alongside other ultra-luxury enclaves in the region.<\/p>\n

South Florida continues to dominate the ultra-luxury market, with four other regional properties among the Top 10 most expensive home sales in May, according to Redfin News.<\/p>\n

The $75 million locale sits\u00a0within the lavish Royal Palm Yacht & Country Club, on East Maya Palm Drive. It boasts eight bedrooms, 10 bathrooms, a \u201cwellness wing\u201d and a \u201chigh-tech golf simulator\u201d among its 18,000 square feet. <\/p>\n

The residence was built in 2026 as a \u201cspec mansion\u201d by the SRD Building Corp., a luxury home construction company based in Boca. The Real Deal reported that the sale shattered Boca\u2019s earlier record, which was SRD\u2019s initial purchase of the same property back in 2024 for $36 million.<\/p>\n

An entity named the \u201c2500 East Maya Palm Trust\u201d purchased the mansion through a trustee, property records show. <\/p>\n

Demand in Boca<\/h4>\n

Real estate experts say that the eye-catching sale represents broader growth in Boca Raton\u2019s ultra-luxury housing market.<\/p>\n

\u201cWhat the $75 million sale tells us, and what the supporting market data confirms, is that Boca Raton has entered a new competitive tier,\u201d wrote Jason Matouk, a Boca ultra-luxury real estate agent, in a blog post. Boca is now \u201ccompeting against Palm Beach, Miami Beach, and the most trophy-driven residential markets in the world,\u201d he added.<\/p>\n

<\/p>\n

Scott Gerow, a luxury real estate agent, said interest in Boca grew amid a paucity in supply elsewhere during the COVID-19 pandemic. \u201cWe saw a lot of people, because of that lack of inventory, coming to Boca Raton, looking for those higher price homes.\u201d<\/p>\n

Read more Marginal risk for storms and heat advisory for Central Florida<\/a><\/p>\n

Before the pandemic, Gerow said, the highest-priced home sale in Boca was $17.2 million.<\/p>\n

He said that ultra-wealthy buyers are drawn to the city because of low density, waterfront access and the city\u2019s resort offerings. A selection of restaurants, as well as access to golf and tennis courts, attract clientele moving from the Northeast and California, Gerow said.<\/p>\n

Gerow added that soaring prices are predictable because \u201cthere\u2019s nowhere else to build\u201d within the most coveted parts of Boca. Unable to purchase empty, cheaper lots, developers have to buy and replace existing homes. In turn, Gerow said, \u201cthe price of land is driving the ultimate price of the homes.\u201d<\/p>\n

<\/p>\n

South Florida\u2019s luxury market is \u2018on fire\u2019<\/h4>\n

The other top-selling homes this May are set in the known neighborhoods of the ultra-wealthy. They include a Mediterranean-style marvel in Manalapan, sold for $62.5 million, a $42.5 million Palm Beach estate, and two Miami Beach properties each sold for more than $30 million.<\/p>\n

\u201cThey\u2019re all on fire,\u201d Gerow said of these cities\u2019 markets.<\/p>\n

The Boca Raton and Manalapan residences are two of the highest-priced homes sold in all of 2026, according to Redfin. They join five other South Florida properties already in the Top 10, including Meta founder Mark Zuckerberg\u2019s $170 million mansion and other high-priced homes.<\/p>\n

Matouk wrote that the ultra-wealthy flock to Florida because of limited taxes and the investment potential of waterfront properties.<\/p>\n

\u201cFlorida\u2019s zero state income tax, combined with comparative value against global trophy markets, continues to draw buyers for whom a $15 million Boca Raton waterfront estate represents a rational allocation of capital,\u201d Matouk wrote.<\/p>\n

Yet, Gerow said Boca Raton uniquely draws buyers with its walkable \u201ccity feel,\u201d low density, and comparatively lower price points. \u201cWe have the best of all worlds, not just both worlds,\u201d Gerow said.<\/p>\n

Read more Asking Eric: We saved for our daughter\u2019s wedding. Should we give her the money or have a party?<\/a><\/p>\n<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Five South Florida homes were among the 10 most expensive home sales in May 2026, including a $75 million Boca Raton mansion.<\/p>\n","protected":false},"author":1,"featured_media":4695,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,51],"tags":[],"class_list":["post-4696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-real-estate"],"yoast_head":"\n$75 million Florida mansion was the most expensive home sold in May - Orlando Relocation Report<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/orlandorelocationreport.com\/?p=4696\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$75 million Florida mansion was the most expensive home sold in May - 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