Atlantic Luxury Advisors
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101 photos

234 Alexander Palm

Boca Raton, FL 33432

$20,990,000
7
9.5
8,993 sq ft
15,002 sq ft
2025
4 car
Single Family Residence
$345/mo
Yes
Yes
251
Active

Listing courtesy of One Sotheby's International Realty (Jacqueline Feldman). Contact: [email protected].

About this home

Set along 100 feet of pristine waterfront in Royal Palm Yacht & Country Club, this spectacular residence is perfectly positioned across from the preserved natural sanctuary of Capone Island—an undeveloped mangrove island that provides enduring privacy, lush green vistas, and a rare sense of Zen. This serene oasis, offering a waterfront perspective defined by nature rather than neighboring homes. Masterfully constructed by Albanese Builders and exquisitely designed and furnished by BE Designs, the home reflects a level of craftsmanship and intention seldom achieved. Spanning 8,993.70 square feet under air and 11,633.04 total square feet, the residence is introduced by soaring ceilings and a grand, wide staircase that immediately establishes architectural presence. The fully concrete second level underscores the home's structural integrity and enduring quality. Seven bedrooms and nine-and-a-half baths are arranged with equal attention to scale and intimacy. A refined club room with custom bar and pool table transitions seamlessly into a glass-enclosed office, creating a dramatic yet functional environment. At the heart of the home, a double-island chef's kitchen is appointed with top-of-the-line Miele appliances and complemented by a discreet butler's pantry, designed for both elevated entertaining and everyday living. Two laundry rooms provide thoughtful convenience. Materiality defines the interiors. Italian porcelain accent walls, a striking marble fireplace, and decorative fireplaces throughout elevate the architectural language, while sculptural water features both at the entry and cascading beside the resort-style pool create a sense of movement and tranquility. An outdoor firepit anchors the exterior living spaces, while electric shades throughout the home ensure effortless comfort and privacy. The residence is further distinguished by bespoke furnishings from Covet House, curated to harmonize with the home's architecture and elevate each space. A four-car garage with a separate golf cart entry completes the offering. Rare in its setting, exceptional in its execution, and uncompromising in its finishes, this is a truly one-of-a-kind waterfront estate defined by serenity, sophistication, and architectural distinction. Square footage, room sizes, and dimensions are approximate and derived from builder plans, architectural drawings, or estimates. Actual measurements may differ due to construction variances. Buyers must verify all information, measurements, and specifications to their satisfaction.

Virtual tour
What it costs to own
Estimated monthly payment
$150,135/mo
Principal and interest
$106,137
Property tax
$30,536
Homeowners insurance
$13,117
HOA
$345

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$366,436/yr

Estimate: the price times the Palm Beach County average total millage (17.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$345/mo (from the listing)
FEMA flood zone
Zone X, moderate risk

Outside the special flood hazard area (0.2% annual chance). Flood insurance is optional and usually priced lower.

Hurricane evacuation zone
Zone C: ordered to evacuate for Category 2 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.