Filed

Filed: permit applied for; the city hasn’t issued it yet

Waterfront

Custom

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

823 Forsyth St

Bel Marra, Boca RatonBuilt by March Enterprises~7,068 sf under air

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Aerial from 2026, before work began. The pink line is the surveyed parcel boundary.

Where it stands

Last city record Sep 4, 2026

Permit

Foundation

Vertical

Finish

Done

Estimated completionJun 2028 – Jun 2029Counted from today, since the permit isn’t issued yet, with the middle half of build times for waterfront homes. An estimate, not the builder’s commitment.

The numbers

From deeds, the permit and the parcel roll

Likely to sell for$7.05–9.85MOur 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: $1.9M Mar 2026
Lot size: 8,664 sf 0.20 acres
Declared permit value: $2M as declared; real cost runs well higher
Home size: ~7,068 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: Company-owned lot likely a custom home

Against the market

Boca Raton · since 2021

Build time, months from permit

0 mo30 mo60 mo

2.2 months since the permit application. A typical waterfront home in Boca Raton takes 23.9; the middle half take 19.6–31.

Lot price vs. new-build lots in Bel Marra

$0$1.42M$2.83M

This lot cost $1.9M. The median new-build lot in Bel Marra went for $1.6M (7 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

How we calculate this

Construction log

3 city records

Sep 4, 2026New-home permit filedResidential New Construction Permit · In review
Jul 10, 2026Demolition permitDemolition Permit · Issued
May 29, 2026Dock or seawall permitBoatlift-Dock-Seawall-Pile Permit · Issued

Permit BPR-2026-02435 on Boca eHub: “New Single family home”

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 March Enterprises about it, and flag similar homes before they reach the market.