Thoroughbred stable owner Richard Templer and his wife, Diane Templer, sold their waterfront Boca Raton home for $18.7 million, after dropping $28.5 million on a larger spec mansion last year.
Records show the couple sold the house at 190 Northeast Fifth Avenue to Kendal Land Trust, with Cathleen G. Todd signing on behalf of the buyer. The true buyer is unknown.
Joe Liguori with Premier Estate Properties had the listing, and Pascal and Antonio Liguori with Premier Estate Properties brought the buyer.
Richard Templer owns Doubledown Stables, a thoroughbred racing stable.
The couple bought their 8,900-square-foot Northeast Fifth Avenue mansion for $12.2 million in 2019. They bought it from spec developer Jeffery Norman, the founder of JH Norman Construction. Built on 0.7 acres in 2019, the home has five bedrooms, seven bathrooms, two half-bathrooms, a pool and a dock with capacity for two 80-foot boats, records and the listing show.
The Templers listed the mansion for $25 million in July of last year, within days of buying a waterfront spec mansion in Boca Raton’s most expensive neighborhood, Royal Palm Yacht & Country Club, for $28.5 million. The 10,700-square-foot home has six bedrooms, seven bathrooms, three half-bathrooms, a pool and a dock, records show.
Travis Kelce, Kansas City Chiefs tight end and boyfriend to Taylor Swift, is renting a waterfront home in Royal Palm during his off-season training, just a few doors down from the Templers.
Boca Raton has proven to be a magnet for South Florida’s luxury buyers in recent years. In June, a family that made its fortune in perfume sold their late mother’s waterfront mansion for $31.5 million.
In October, a trust linked to waste management boss Brendan Pantano bought a spec mansion for $19.8 million. In August, Leandro Rizzuto Jr., an heir to the Conair fortune, bought a mansion for $18.5 million.
