West Boca McMansions – Real Estate Trends and Analysis

Real estate trends in West Boca
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We’ve been looking at recent real estate trends in West Boca. We started with neighborhoods, discussing Boca Falls in one article and Boca Isles in another.
For this article we’re taking a different approach. We looked at large houses, over 6000 square feet, and we included southwest Delray Beach because the market is similar. There are so many different housing options for those who are interested in them, not only in West Boca but also Texas through somewhere like Houston real estate, with many finding their own form of their home. These “McMansions” sales were clustered in a fairly small area as shown on the map below:

Data from FlexMLS.
Data from FlexMLS.

Transactions in this class consistently average over $2 million, and around $300 per square foot of living space. When starting to review this we separated houses into two groups – inside and outside a membership club. Some of the most common membership clubs in our data include St. Andrews Country Club, Mizner Country Club, Boca West, Polo Club, Addison Reserve and Woodfield Country Club. Top neighborhoods that do not require membership include Long Lake Estates, The Oaks, The Bridges, Azura, Stone Creek Ranch, and Le Lac.
We do not see a big difference in values between these two groups. At this end of the market country club memberships do not seem to have much impact on real estate prices. Either way the neighborhoods are exclusive.
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It’s also hard to identify clear trends because individual homes tend to be more unique. Some can have features that dramatically change the price. Or there could features that may be valued differently by Lynchburg realtors compared to a realtor in this area. At the low end some houses sold for as little as $1 million at $150/sq.ft. or less, while two houses went in the $600/sq.ft. area and the most expensive went for nearly $10M and over $900/sq.ft.
Still, here’s what we see:

  1. Large home sales increased dramatically in total numbers. There were 23 such transactions in the first half of 2014, 17 in the second half of 2014, and that rose to 35 transactions in the first half of 2015. There was a particularly big turnover of homes in St. Andrews.
  2. The total size of the market also increased, from $57M in the first half of 2014 to $76M in the first half of this year. In 2014 the value was driven by a few very high-end homes. In 2015 it’s the total volume that’s driving things.
  3. Average prices dropped. In both the first and second half of 2014 the average transaction was close to $2.5 million. In the first half of 2015 the average transaction was under $2.2 million. The average in 2014 was around $320/sq.ft. and that dropped to $290/sq.ft.

The biggest lesson we see in all of this is for sellers. If you have a large house there is a very wide spread in prices. Consequently, if you now feel ready to make a real estate investment of your own, you might also find this Roofstock guide on investing 20k useful. Furthermore, these trends seem to be driven by the features of the houses involved and by finding the right buyer both for that house and for the community. The most patient sellers get more value by holding out for that buyer, be they one looking to the 1031 exchange requirements or to other areas, but may wait a year, two years or even longer to get a sale done.
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Our spreadsheet for this analysis is below:
[gview file=”https://westbocanews.com/wp-content/uploads/2015/07/6000sqft-1h-2015.xls”]

Recent Home Sales in 33496: St Andrews, The Oaks, Seasons, Broken Sound

Homes in the 33496 zip code are located between 441 and Military Trail, north of Yamato Road to the Delray line. Neighborhoods in this area include Long Lake Estates, St. Andrews, The Oaks, Woodfield Country Club, Newport Bay Club, Boca Gardens, Broken Sound, Whisper Walk, The Polo Club, Lakeridge and Seasons.
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St. Andrews Country Club, a gated community, boasts an expansive clubhouse with basketball courts, a large pool, and tennis courts. There is a large recreation and aquatic center as well as 2 golf courses. There is a mandatory golf membership which requires a non refundable initiation fee. The club also offers dining and catering venues. St. Andrews Country Club is located on Clint Moore Road west of Jog Road.

Satellite view of 6936 Lake Estates Court; image and map data by Google
Satellite view of 6936 Lake Estates Court; image and map data by Google

This beautiful home at 6936 Lake Estates Court in St. Andrews Country Club sold for just over $1.5 million. It has 7 bedrooms and 6.2 bathrooms in 6100 square feet of living space. The home is located with other large houses on a private cul de sac overlooking the lake. The gourmet kitchen overlooks the family room. The master bedroom and 2 bedrooms are on the first floor. There is an office/library with built-ins on the main floor also. The backyard features a lushly landscaped pool area with a fountain. Built in 1992, it was originally purchased for $1.150 million.
17428 Loch Lomond Way; image and map data by Google
17428 Loch Lomond Way; image and map data by Google

17428 Loch Lomond Way sold for $1.095 million. It has 3 bedrooms and 3 full bathrooms in 3225 sq. feet of living space on one floor. The home has been recently renovated. It has an open concept great room and a gourmet kitchen with granite counter tops and marble floors. There are also impact windows and doors. The home overlooks the golf course and has an in-ground pool. It was built in 1987 for $330,000 and last purchased in 2006 for $830,000.
7327 Ballantrae Court sold for $675,000. It has 3 bedrooms and 4 full bathrooms in 3927 sq. feet of living space.
17168 Northway Circle sold for $625,000. It has 3 bedrooms and 4.1 bathrooms in 4355 sq. feet of living space.
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The Oaks is a gated family community with a large clubhouse and pool, 12 court tennis center and luxurious spa. Students go to Sunrise Park Elementary School, Eagles Landing Middle School and Olympic Heights Community High. Bordering Clint Moore Road, 441 and Lyons Road, it is close to shopping and dining.
The newly built Mediterranean style home at 17646 Cadena Drive in The Oaks sold for $1.465 million. There are 5 bedrooms and 5.2 bathrooms in 6679 sq. feet of living space. The home has a large kitchen and his-and-her bathrooms in the master suite. There is a separate office, game room and media room. The home overlooks an in-ground pool and spa. It’s backyard faces Lyons Road. The community has a large wall, but that didn’t stop a home invasion on this street in November of 2014.
17693 Circle Pond Ct; image and map data by Google
17693 Circle Pond Ct; image and map data by Google

The courtyard home at 17693 Circle Pond Ct sold for $1.15 million. It has 6 bedrooms and 7.1 bathrooms in 4734 sq. feet of living space. The master bedroom with his-and-her baths is on the first floor. The kitchen has granite counter tops and a walk-in pantry. The breakfast area overlooks the pool and the living room has a view of the lake. Built in 2003 for $932,430, it was purchased for $1 million in 2006.
Just a few houses away, 17717 Circle Pond Ct sold for $887,250. It has 5 bedrooms and 6 full bathrooms in 4916 sq. feet of living space. Both are close to 441 and the community clubhouse.
9604 Bridgebrook Drive in The Oaks also sold for $1.15 million. It has 5 bedrooms and 4.2 bathrooms in 4358 sq. feet of living space.


The Seasons community is located on the west side of Jog Road between Yamato and Clint Moore Road, just north of Omni Middle School. The gated community has a large clubhouse, exercise room, basketball, tennis and a pool. Students in Seasons go to Calusa Elementary, Omni Middle and Spanish River High.

3197 NW 63rd Street; image by Google
3197 NW 63rd Street; image by Google

3197 NW 63rd Street in Seasons sold for $1 million. It has 5 bedrooms and 5 full bathrooms in 4110 sq. feet of living space. This lake front home is located on a cul de sac. The kitchen has stainless steel appliances and granite counter tops. The owners installed a new roof in 2009 and hurricance accordion shutters. It was built in 1994 and purchased for $685,000.
6398 NW 32nd Terrace; image by Google
6398 NW 32nd Terrace; image by Google

This courtyard home at 6398 NW 32nd Terrace sold for $825,000. It has 5 bedrooms and 5 full bathrooms in 3517 sq. feet of living space. This one story home sits on a corner lakefront lot and has a small guest home. The courtyard area has a new pool and a new grill area with granite counter tops. Originally purchased in 1994 for $580,000, it has been through a few owners and was last sold for $865,000 in 2008.
3087 NW 60 Street sold for $740,501. It has 5 bedrooms and 4.2 bathrooms in 3989 sq. feet of living space.
6515 NW 32nd Terrace sold for $708,225. It has 5 bedrooms and 4.1 bathrooms in 3661 sq. feet of living space.
Broken Sound
6185 NW 24th Way in Broken Sound sold for $915,000. It has 4 bedrooms and 4.1 bathrooms in 3560 sq. feet of living space.
5851 NW 25th Terrace in Broken Sound sold for $785,000. It has 4 bedrooms and 4 full bathrooms in 3373 sq. feet of living space.
6188 NW 24th Terrace in Broken Sound sold for $759,200. It has 5 bedrooms and 5.1 bathrooms in 4057 sq. feet of living space.
2521 NW 63rd Street in Broken Sound sold for $700,000. It has 3 bedrooms and 3.1 bathrooms in 3160 sq. feet of living space.
6048 NW 24th Terrace in Broken Sound sold for $650,000. It has 3 bedrooms and 3.1 bathrooms in 3000 sq. feet of living space.
Other Neighborhoods:
6445 Montesito Street in the new Azura development sold for $1.675 million. 6 bedrooms and 7.1 bathrooms in 6321 sq. feet of living space.
5832 Waterford in Polo Club sold for $870,000. It has 3 bedrooms and 4 full bathrooms in 3215 sq. feet of living space.
18720 Long Lake Drive in Long Lake Estates sold for $740,000. This looks out of place and we’re not sure our source for this is accurate. Houses in Long Lake typically go for over a million and appraiser records show an October transaction for over $1.1 million.

Multimillion Dollar Sales in West Boca

Real estate in Florida is booming. Many people are investing in property and finding that they can make a good profit when selling it. Some are purely selling because they’ve invested a lot into the property and are now looking for a return on that investment, some are looking to get a home with more space and some are selling as they’re relocating to the coast and like the look of condo renovations in Naples Florida. Four West Boca houses sold in the past couple of months for prices in excess of $2 million. All were in zip code 33496, with two of the sales in Long Lake Estates, one in St. Andrews Country Club, and the fourth in Fieldbrook.
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The biggest sale was in mid-March, when 8747 Twin Lake Drive sold for over $3.85 million. The buyer won a $50M Canadian lottery jackpot in February and we’re happy to welcome him to West Boca.
As you might expect, it’s a big house:

8747 Twin Lakes Drive; imagery and map data by Google
8747 Twin Lakes Drive; imagery and map data by Google

The house has six bedrooms, seven full bathrooms plus a half bath, all in just under 8000 square feet of living space. On top of that it has five garage spaces for cars and a total of nearly 12,000 square feet including the garages and patios. Built in 2005, it was previously owned by a successful entrepreneur in the supplements industry who bought it in 2007 for just under the current sale price.
The house was marketed, at least partly with this very nice YouTube video:

The house sold quickly, in just about a week. The vacant lot next door was purchased in 2014 for $800K.
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7091 Queenferry Circle; imagery and map data Google
7091 Queenferry Circle; imagery and map data Google

Selling for just over $3.4 million, 7091 Queenferry Circle is located in St. Andrews Country Club with a lake and fairway view. The sale price is a big drop from the original listing at $5.2M, and it was on the market for over a year.
The home, built in 2014, has six bedrooms, seven full bathrooms and three half baths in over 9000 square feet. The buyer is a family trust in the name of a CEO who runs a military clothing company. The seller is a corporation that may be connected to another Florida executive who was accused of a stock kickback scam by the SEC a few years ago, and also to a major real estate player with a federal cocaine conviction back in the 1980s.


18118 Daybreak Drive; imagery and map data Google
18118 Daybreak Drive; imagery and map data Google

18118 Daybreak Drive in Long Lake Estates sold for $3.25 million, down from its original listing at $4M. It was on the market for 11 months. This is another 9000+ square foot house with a total of eight bedrooms and 9 1/2 baths, plus 5 garage bays and a tennis court. It has a particularly nice lake view though it may get some road noise from Clint Moore. The house was built in 2002.
Here’s an exterior video of the house (probably shot with a drone) from YouTube:

County records don’t identify the transaction or the buyer yet. The sellers are a British couple. The husband appears to run a railway signalling company in the UK and the wife is a television producer there.
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17776 Fieldbrook Circle West; imagery and map data Google
17776 Fieldbrook Circle West; imagery and map data Google

Last, and least in this group, 17776 Fieldbrook Circle West sold for just under $2.2 million. Fieldbrook is a small community on the west side of Jog Road, north of Clint Moore. The sellers are a local couple and the husband is a real estate agent who sold the house himself. They bought the house at the bottom of the market in 2011 for $1.35 million, making this a great turnaround.
He listed it last fall for three months at $2M, then took it off the market and put it back on again for a quick sale in January, closing in late April.
Built in 1995, the house has 6 bedrooms and 5 1/2 baths in 5900 square feet. There’s a fairly shallow backyard filled with a large swimming pool. It backs up to another exclusive neighborhood called Boniello’s Acres. The front of the house has a large circular driveway and lake view, and there’s a tennis court on one side.
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