Filed
Filed: permit applied for; the city hasn’t issued it yet
Likely spec
Likely spec: the owner on the permit has sold 1 other new home. Not confirmed by the builder.
432 E Alexander Palm Rd
Aerial from 2026, before work began. The pink line is the surveyed parcel boundary.
Where it stands
Last city record Nov 10, 2026The numbers
From deeds, the permit and the parcel roll- Lot purchase
- $14.5M Jul 2026
- Lot size
- 16,518 sf 0.38 acres
- Declared permit value
- $4.97M as declared; real cost runs well higher
- Home size
- ~24,404 sf under air from the permit’s plans
- Plan
- Not in the permit
- Flood zone
- AE base flood elevation 7 ft
- Waterfront
- Yes parcel touches a mapped waterway
- Ownership
- Private owner likely spec: the owner on the permit has sold 1 other new home
Against the market
Boca Raton · since 20210 months since the permit application. A typical waterfront home in Boca Raton takes 23.9; the middle half take 19.6–31.
This lot cost $14.5M. The median new-build lot in Royal Palm Yacht & Country Club went for $4M (58 lots).
- This home
Middle half, Boca Raton waterfront
72 waterfront homes in Boca Raton permitted 2021–2023, from the permit application to the certificate-of-occupancy packet.
- Median
Construction log
2 city records- New-home permit filedResidential New Construction Permit · In review
- Demolition permitDemolition Permit · Issued
Permit BPR-2026-03078 on Boca eHub: “New SFR per plans”
More new homes nearby
Also close by: 2935 Spanish River Rd · 348 E Coconut Palm Rd · 495 E Alexander Palm Rd · 336 E Coconut Palm Rd · 360 E Alexander Palm Rd · 2795 Spanish River Rd