Rising

Rising: permitted and not yet finished, with a live permit (the city extends it at each passed inspection) or city records in the past 90 days

Custom

Custom: a company owns the lot, but nothing on record says it’s being built to sell.

450 NE Spanish Ct

Boca Raton Riviera, Boca RatonBuilt by M I Bobcat~5,517 sf under air

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2023 · Palm Beach County · Palm Beach Co.2026 · Palm Beach County · Palm Beach Co.

Drag to compare the lot in 2023 with 2026. The pink line is the surveyed parcel boundary.

Where it stands

Last city record Dec 24, 2025

PermitDec ’23

FoundationAug ’24

VerticalSep ’24

FinishFeb ’25

Done

Estimated completionAny month nowThis build has passed the typical timeline.

The numbers

From deeds, the permit and the parcel roll

Likely to sell for$4.7–6.35MOur estimate from the lot’s price and what new homes nearby sold for. Not an appraisal or the builder’s price. How we estimate it

Lot purchase: $1.4M Oct 2023
Lot size: 8,472 sf 0.19 acres
Declared permit value: $1M as declared; real cost runs well higher
Home size: ~5,517 sf under air from the permit’s plans
Plan: Not in the permit
Flood zone: AE base flood elevation 6 ft
Waterfront: No
Ownership: Company-owned lot likely a custom home

Against the market

Boca Raton · since 2021

Build time, months from permit

0 mo30 mo60 mo

35.2 months since the permit. A typical home off the water in Boca Raton takes 22.8; the middle half take 19.5–26.3.

Lot price vs. new-build lots in Boca Raton Riviera

$0$4.04M$8.09M

This lot cost $1.4M. The median new-build lot in Boca Raton Riviera went for $1.55M (27 lots).

This home
Middle half, Boca Raton off the water
178 homes off the water in Boca Raton permitted 2021–2023, from the permit application to the certificate-of-occupancy packet.
Median

How we calculate this

Construction log

26 city records

Dec 24, 2025Finishes: final survey filedFinal Survey/Elevation Certificate · Disapproved
Dec 22, 2025Foundation: termite pre-treatment certifiedTermite Certificate · Passed
Dec 19, 2025Finishes: insulation certifiedInsulation Certificate · Passed
Dec 19, 2025Energy Compliance Check InspectionPassed
Nov 13, 2025Building Elevation SurveyPassed
Feb 24, 2025Roof Final - W / UpliftPassed
Feb 19, 2025Drywall InspectionPassed
Feb 14, 2025Roof Covering In Progress InspectionPassed
Feb 11, 2025Finishes: insulation certifiedInsulation Inspection · Passed
Feb 6, 2025Framing InspectionPassed
Dec 13, 2024Exterior Lathing InspectionPassed
Nov 14, 2024Window/Door Bucks InspectionPassed
Oct 31, 2024Roof Mop in Progress InspectionPassed
Oct 31, 2024Roof Flat in-Progress InspectionPassed
Oct 30, 2024Roof Tin Cap InspectionPassed
Oct 28, 2024Roof: truss drawings filedTruss Engineering Inspection · Re-inspection required
Oct 25, 2024Roof Sheathing InspectionPassed
Oct 25, 2024Floor Sheathing InspectionPassed
Sep 17, 2024Tie Beam InspectionPassed
Sep 17, 2024Columns InspectionPassed
Aug 30, 2024Building Form Board SurveyPassed
Aug 28, 2024Foundation: termite pre-treatment certifiedTermite Slab Pretreat Inspection · Passed
Aug 28, 2024Dock or seawall permitSlab (Building, Dock) Inspection · Passed
Jul 23, 2024New-home permit issuedNew-Home Permit Issued · Issued
May 16, 2024Demolition permitDemolition Permit · Complete
Dec 4, 2023New-home permit filedResidential New Construction Permit · Issued

Permit BPR-2023-02654 on Boca eHub: “NEW SFR”

Early access · not on the market

Interested in this home?

This looks like an owner’s own home, so it may never be listed. A licensed agent can still ask M I Bobcat about it, and flag similar homes before they reach the market.