A Michigan couple sold their waterfront mansion in Boca Raton’s Royal Palm Yacht & Country Club for $19 million, marking another late season eight-figure deal in the city’s most expensive community.
John and Barbara Simoni sold the double lot house at 174 West Coconut Palm Road to the M. Sean and M. Beth Revocable Trusts, managed by attorney Jonathan Bloom, records show. The true buyer is unknown.
David Roberts of Royal Palm Properties represented both sides of the deal. Roberts was the top agent in The Real Deal’s 2023 ranking of Palm Beach County brokers, with nearly $350 million in on-market deals.
John Simoni was president of Vista Asset Management in Battle Creek, Michigan, according to the Better Business Bureau. The Simonis assembled the West Coconut Palm Road property in a pair of deals in 1998 and 2005, property records show. They spent a combined $4.4 million on the 0.8 waterfront acres. Their mansion, built in 1999, spans 7,600 square feet, with five bedrooms, six bathrooms and one half-bathroom, according to records and the listing. It includes a library, two offices, a pool and 216 feet of waterfront, the listing shows.
The Simonis had the home on and off the market as far back as 2009, but relisted it in 2023 asking $23.5 million, Realtor.com shows.
Royal Palm Yacht & Country Club is Boca Raton’s most expensive neighborhood. In May, Constant Contact founder Randy Parker and his family sold a waterfront teardown in the community to spec developers Steve and Scott Dingle for $36 million, marking a price record for Boca Raton.
Spec mansions are particularly popular with Royal Palm’s luxury buyers. In April, a hotelier sold a waterfront spec mansion for $28.5 million, right after another waterfront spec mansion sold for $26.5 million. In March, the convenience store mogul G. Robert Sheetz sold a waterfront spec mansion for $25.9 million.