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

Waterfront

Custom

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

898 Appleby St

Bel Marra, Boca RatonBuilt by Formative Builders~7,928 sf under air

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2022 · Palm Beach County · Palm Beach Co.2026 · Palm Beach County · Palm Beach Co.

Drag to compare the lot in 2022 with 2026. The pink line is the surveyed parcel boundary.

Where it stands

Last city record Jul 17, 2026

PermitNov ’24

FoundationApr ’25

VerticalApr ’26

Finish

Done

Estimated completionMar–Jun 2027From the permit date, 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$9.35–13.1MOur 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: $2.7M Dec 2022
Lot size: 8,952 sf 0.21 acres
Declared permit value: $1.74M as declared; real cost runs well higher
Home size: ~7,928 sf under air from the permit’s plans
Plan: Not in the permit
Flood zone: AE base flood elevation 7–8 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

23.5 months since the permit. 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 $2.7M. 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

15 city records

Jul 17, 2026Roof Field FinalPassed
Jul 7, 2026Roof Flat in-Progress InspectionPassed
Jun 23, 2026Roof Covering In Progress InspectionPassed
Jun 8, 2026Window/Door Bucks InspectionPassed
Jun 8, 2026Roof Tin Cap InspectionPassed
Jun 5, 2026Roof: truss drawings filedTruss Engineering Inspection · Passed
Jun 5, 2026Roof Sheathing InspectionPassed
May 6, 2026Tie Beam InspectionPassed
Apr 7, 2026Columns InspectionPassed
Mar 13, 2026Dock or seawall permitSlab (Building, Dock) Inspection · Passed
Mar 13, 2026Grade Beam InspectionPassed
Jul 10, 2025Dock or seawall permitBoatlift-Dock-Seawall-Pile Permit · Issued
Mar 10, 2025New-home permit issuedNew-Home Permit Issued · Issued
Nov 25, 2024New-home permit filedResidential New Construction Permit · Revision Review
Mar 31, 2023Demolition permitDemolition Permit · Complete

Permit BPR-2024-03018 on Boca eHub: “New SFH”

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 Formative Builders about it, and flag similar homes before they reach the market.