Sold
Sold: a recorded sale of the finished home
Custom
Custom: owned by a person, so most likely built for the owner.
481 Thatch Palm Dr
Drag to compare the lot in 2024 with 2026. The pink line is the surveyed parcel boundary.
Where it stands
Last city record Jan 6, 2026PermitNov ’24
FoundationJan ’25
VerticalFeb ’25
FinishJun ’25
COJan ’26
DoneJan ’26
Sold$15.5M · Jun 2026
The numbers
From deeds, the permit and the parcel roll- Lot purchase
- $4M Apr 2024
- Lot size
- 17,001 sf 0.39 acres
- Declared permit value
- $1.97M as declared; real cost runs well higher
- Home size
- ~11,862 sf under air from the permit’s plans
- Plan
- Not in the permit
- Flood zone
- AE base flood elevation 7 ft
- Waterfront
- No
- Ownership
- Private owner likely a custom home
Against the market
Boca Raton · since 2021Build time, months from permit
0 mo30 mo60 mo
Built in 14.5 months, 8.3 months faster than typical (22.8 months for homes off the water in Boca Raton).
Lot price vs. new-build lots in Royal Palm Yacht & Country Club
$0$18.9M$37.8M
This lot cost $4M. The median new-build lot in Royal Palm Yacht & Country Club went for $4.5M (58 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
Construction log
24 city records- Building Field FinalDisapproved
- Energy Compliance Check InspectionDisapproved
- Finishes: final survey filedFinal Survey/Elevation Certificate · Passed
- Foundation: termite pre-treatment certifiedTermite Certificate · Passed
- Finishes: insulation certifiedInsulation Certificate · Disapproved
- Drywall InspectionPartial Pass
- Exterior Lathing InspectionPassed
- Finishes: insulation certifiedInsulation Inspection · Passed
- Framing InspectionPartial Pass
- Roof Field FinalPassed
- Window/Door Bucks InspectionPartial Pass
- Roof Flat in-Progress InspectionPassed
- Roof Tin Cap InspectionPassed
- Roof: truss drawings filedTruss Engineering Inspection · Re-inspection required
- Roof Sheathing InspectionPassed
- Building Elevation SurveyPassed
- Tie Beam InspectionPartial Pass
- Columns InspectionDisapproved
- Foundation: termite pre-treatment certifiedTermite Slab Pretreat Inspection · Passed
- Dock or seawall permitSlab (Building, Dock) Inspection · Partial Pass
- Building Form Board SurveyPassed
- New-home permit issuedNew-Home Permit Issued · Issued
- New-home permit filedResidential New Construction Permit · Certificate Of Occupancy
- Demolition permitDemolition Permit · Complete
Permit BPR-2024-02857 on Boca eHub: “New single family residence per plans”
Nearby
All 72 in Royal Palm Yacht & Country Club →More new homes nearby
Rising
428 E Camino Real
Royal Palm Yacht & Country ClubSpecter Services
Permit
Foundation
Vertical
Finish
CO
Done
Lot bought$3.3M
Plan~7,083 sf
Likely price$9.25–12.9M
Rising
1315 Sabal Palm Dr
Royal Palm Yacht & Country ClubS York
Permit
Foundation
Vertical
Finish
CO
Done
Lot bought$3.2M
Plan~6,517 sf
Likely price$9–12.6M
SoldWaterfront
1099 Spanish River Rd
Spanish River Land CoJH Norman Construction
Permit
Foundation
Vertical
Finish
CO
Done
Lot bought$3M
Home8,579 sf
Sold$14.4M
Also close by: 1101 Spanish River Rd · 272 Thatch Palm Dr · 1520 Royal Palm Way · 1120 Spanish River Rd · 250 Fan Palm Rd · 217 Thatch Palm Dr