G. Robert Sheetz, founder of his eponymous convenience keep chain, sold a waterfront spec mansion in Boca Raton’s Royal Palm Yacht & Region Club for $25.9 million.
Data demonstrate Sheetz bought the property at 415 East Alexander Palm Road to Supply Electricity 111 Florida Land Have faith in, with local attorney Tasha Dickinson signing on behalf of the customer. The legitimate consumer is concealed.
David Roberts of Royal Palm Attributes, the leading agent in The Serious Deal’s 2023 Palm Beach County broker rating, represented both equally the consumer and the seller in the offer.
Sheetz founded his ease retail store chain in 1952 in Altoon, Pennsylvania. These days, Sheetz, Inc. has extra than 500 stores throughout Pennsylvania, Ohio, Virginia, West Virginia, Maryland and North Carolina. In 2015, Forbes believed the family’s internet value at $1.9 billion. Sheetz owns a further Royal Palm Yacht & Place Club household he acquired for $6 million in 2020, information clearly show.
Sheetz purchased the fifty percent-acre East Alexander Palm Street property for $4.5 million in 2019, records present. He completed the 10,700-square-foot waterfront mansion very last year. It has 6 bedrooms, eight bogs, one particular fifty percent-toilet, a pool and a dock, in accordance to residence records. It also has a 900-bottle wine home, the listing demonstrates.
Sheetz listed it for $29 million in Oct, Redfin exhibits. While it is between Boca Raton’s priciest gross sales in new yrs, it falls short of the $29 million report established in February. Oleg Movchan, CEO of Chicago-based Enfusion, offered that waterfront estate to an unfamiliar buyer, topping the prior $28 million Boca Raton rate history established past 12 months.
Other recent luxurious specials in Boca Raton include Canadian auto dealer Kapil Dilawari’s $16.4 million order of a spec mansion this thirty day period. Very last month, HomeBridge CEO Peter R. Norden offered a spec mansion for $16.9 million.
