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
Likely spec
Likely spec: the owner on the permit shares the builder’s business address. Not confirmed by the builder.
495 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 6, 2026The numbers
From deeds, the permit and the parcel roll- Lot purchase
- $8.18M Mar 2026
- Lot size
- 14,606 sf 0.34 acres
- Declared permit value
- $5M as declared; real cost runs well higher
- Home size
- ~9,100 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 shares the builder’s business address
Against the market
Boca Raton · since 20212.6 months since the permit. A typical waterfront home in Boca Raton takes 23.9; the middle half take 19.6–31.
This lot cost $8.18M. 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
4 city records- New-home permit issuedNew-Home Permit Issued · Issued
- Dock or seawall permitBoatlift-Dock-Seawall-Pile Permit · In Review
- New-home permit filedResidential New Construction Permit · Issued
- Demolition permitDemolition Permit · Complete
Permit BPR-2026-02306 on Boca eHub: “New SFR”
More new homes nearby
Also close by: 432 E Alexander Palm Rd · 2795 Spanish River Rd · 415 E Alexander Palm Rd · 431 E Coconut Palm Rd · 336 E Coconut Palm Rd · 700 Malaga Dr