Dr. Steven Scott and Rebecca Scott with 500 East Alexander Palm Highway (Google Maps, Getty, Duke)
The co-founder of Silicon Valley Bank’s private prosperity advisory arm purchased a waterfront Boca Raton spec mansion for a record $25.8 million.
Documents demonstrate Arty Langhaus acquired the dwelling at 500 East Alexander Palm Road from the 500 East Alexander Palm Street Rely on, with Boca Raton-based mostly lawyer Jeffrey Baskies signing as trustee.
Dr. Steven Scott, a South Florida obstetrician/gynecologist and entrepreneur purchased the Royal Palm Yacht & Region Club house for $5.8 million in 2017. Data clearly show he transferred the assets to the rely on managed by Baskies in June of past year.
David Roberts of Royal Palm Properties represented both sides of the latest deal. In accordance to the listing, SRD Developing Corporation developed the practically 8,300-sq.-foot spec mansion on the .3 acre good deal. Accomplished this year, the residence has 5 bedrooms and 7 bogs.
Scott founded Vista HealthPlan and Phoenix Doctors, equally countrywide wellbeing treatment providers. He sits on the board of the point out college system of Florida and on the board of trustees of Duke University.
He and his wife, Rebecca Scott, sued their previous estate lawyer for malpractice in 2020, in a high-profile circumstance that included their eldest son Rob Scott, the Miami Herald reported. The lawsuit alleged their law firm, Carl Rosen, breached his fiduciary responsibility in encouraging Rob Scott go tens of millions in belief money into his handle and absent from his 4 siblings. The situation was dominated a mistrial this June, according to the ABA Journal.
The sale beats the previous selling price document for Boca Raton established in July of final calendar year when a home marketed for $24.5 million.
This is not the first Royal Palm Yacht & Nation Club challenge for SRD Creating Corporation, a Boca Raton-based homebuilder led by brothers Steve and Scott Dingle.
The firm constructed a spec property in the gated local community that resold for $17.2 million in July. Steve Dingle also acquired a home in the local community previous calendar year for $9.4 million.
