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Lot Sale at Boca Raton’s Royal Palm Yacht & Country Club Nets Record Price

A $10.5 million lot sale in the prestigious Royal Palm Yacht & Country Club in Boca Raton set the record for the largest lot purchase in the area. David Wolofsky, a realtor in The Keyes Company’s Boca Raton office, served as listing agent in the transaction, which closed last month. Royal Palm Properties Owner David Roberts represented the undisclosed buyer and the Morris Robinson Trust was the seller.

The half-acre waterfront lot at 360 E. Alexander Palm Rd. comes with a private dock, boat lift, and views of the Capone Island Boca Raton Preserve and is a short distance from the Intracoastal and minutes from the inlet.

An existing five-bedroom, six-bathroom, 7,800-square-foot home on the lot initially constructed in 1971 is being torn down and replaced with a modern new build. With residential land at a premium, the Royal Palm Yacht & Country Club has seen a transition as the teardown/new build process has become increasingly popular within the community. The club, which opened in 1956, is coveted by high-end buyers for its location close to the Intracoastal Waterway and immediate access to the Boca Raton Inlet.

The adjacent lot at 378 E. Alexander Palm Rd. was acquired for $7.5 million last year. The builder tore down the structure and replaced it with a new home listed for $29.5 million.

“Royal Palm Yacht & Country Club has been Boca Raton’s premier boating community for over 60 years,” Wolofsky says. “In addition to its proximity to The Boca Raton (formally Boca Resort and Beach Club), the location is very desireable because so many area attractions and points of interest are in close reach. It is exciting to be a part of this record sale and the future modernization of the community, as it speaks volumes to the growing luxury market in Boca.”

Wolofsky has been a realtor for more than 12 years and previously spent 10 years practicing law as a real estate attorney. He is a licensed contractor and a principal in both residential and commercial real estate development projects in South Florida.

“David Wolofsky consistently leverages his unique understanding of real estate, law, development and construction to produce incredible results,” Mike Pappas says, CEO of The Keyes Company. “This milestone lot sale at Royal Palm Yacht & Country Club is another example of his impressive luxury sales output. We look forward to continuing to support his efforts with our firm’s unparalleled tools, technology and marketing.”

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.