Builder · No. 13 on the water in Boca Raton · permits 2021–2023

Mark Timothy

5houses2cities

5 new homes since 2021: 3 in Boca Raton, 2 in Delray Beach. 5 on the water, mostly in Kinney P D & H D Gates, Sanctuary and Royal Palm Yacht & Country Club. State license CRC1327612.

Where they build

City by city, each against its own typical build

New homes5

4 complete · 1 rising

On the water5

100% of their homes · rank 31 overall

Typical build31 mo
7.1 months slower than typical
How the pace is measured

Each finished home against the typical build for homes like it (on the water or off it) in its own city, then the middle value of those differences.

Top recorded sale$59M

New build701 S Ocean Blvd · $4,178/sf

Rising now

1 home in progress

Against the market

Each city · homes since 2021
Home by home, against the typical build in each city: 7.1 months slower than typical
How the pace is measured

Each finished home against the typical build for homes like it (on the water or off it) in its own city, then the middle value of those differences.

Build time in Boca Raton (2 finished homes)
0 mo30 mo60 mo

Their median in Boca Raton is 31 months; the median for waterfront homes in Boca Raton is 23.9. Small sample, so read it loosely.

Build time in Delray Beach (2 finished homes)
0 mo30 mo60 mo

Their median in Delray Beach is 32.5 months; the median for waterfront homes in Delray Beach is 25.9. Small sample, so read it loosely.

Median declared permit value $4.71M per home, the 2nd highest among 188 builders with three or more homes. Declared values run well below real construction cost.

Their lots cost a median $9.72M.

  • Their median
  • Middle half, each city waterfront

    72 waterfront homes in Boca Raton permitted 2021–2023, from the permit application to the certificate-of-occupancy packet. 36 waterfront homes in Delray Beach permitted 2021–2023, from the permit application to the certificate-of-occupancy packet.

  • Median
Every new home on record

Portfolio

AddressCityNeighborhoodPermitStatusLotDeclared permit valueSale
250 NE 5th AveWaterBoca RatonKinney P D & H D GatesDec 2023Rising$22M$10.9M—
4040 Ibis Point CirWaterBoca RatonSanctuaryAug 2022Complete—$3.56M—
995 S Ocean BlvdWaterDelray BeachDelray BeachMar 2022Complete$8.4M——
184 W Key Palm RdWaterBoca RatonRoyal Palm Yacht & Country ClubMar 2022Complete$7.03M$4.71M—
701 S Ocean BlvdWaterDelray BeachDelray BeachMay 2021Sold$11M—$59M