Constant Contact founder Randy Parker and his family sold their longtime Boca Raton estate for a record $36 million, making it the city’s most expensive home.
The buyers are spec developers Steve and Scott Dingle of SRD Building, one of the top homebuilders in the gated Royal Palm Yacht & Country Club community. They bought the mansion at 2499 East Maya Palm Drive from the trust of Sandra Parker and her children Randy Parker, Robin Parker and Suzanne Maddux, records show.
Jill Hertzberg and Jon Mann of the Jills Zeder Group at Coldwell Banker Realty had the listing, and David Roberts represented the buyers. They did not respond to requests for comment.
The sale tops the Boca Raton price record set in February when software boss Oleg Movchan sold his waterfront estate for $29 million.
Sandra Parker is the widow of Glen Parker, who founded the Institute for Econometric Research, which published Mutual Funds magazine and several financial industry newsletters. Time acquired the company in 1998, according to published reports. Their son, Randy Parker, founded Constant Contact, an email marketing platform based in Waltham, Massachusetts. Jacksonville-based tech firm Endurance International acquired Constant Contact for $1.1 billion in 2015, according to VentureBeat.
The Parkers bought the estate for $1.5 million in 2006, records show. Built in 1997 on 1.7 acres, the 9,500-square-foot mansion has four bedrooms and seven bathrooms, according to the listing. The compound includes a separate guest house, two pools and 440 feet of waterfront, the listing shows. It was advertised as a building opportunity.
The family listed the estate for $52 million in April of last year. The asking price dropped to $45 million in October, according to Redfin.
Waterfront estates have repeatedly set price records in Boca Raton since the pandemic residential real estate boom started in South Florida four years ago. The $29 million deal in February broke the $28 million record set by the Dingles’ 2023 sale of a waterfront mansion to a Michigan developer.
More recently, last month hotelier Mikhail Avrutin sold a waterfront Boca Raton spec mansion for $28.5 million. Also last month, a trust sold a waterfront mansion for $26.5 million. In March, convenience store founder G. Robert Sheetz sold another waterfront spec mansion for $25.9 million.