Recent Spanish River Land Sales Show the Strength of Boca Raton’s Luxury Market
Spanish River Land continues to stand out as one of East Boca Raton’s most desirable neighborhoods for luxury homes, new construction and teardown opportunities.
Located close to the Atlantic Ocean, downtown Boca Raton and Mizner Park, the neighborhood attracts buyers who want a coastal lifestyle without sacrificing privacy, space or modern luxury. Its combination of older homes, valuable building lots and newly completed residences has also created significant opportunities for sellers, builders and investors.
Recent transactions by Marc Coriaty demonstrate the range of opportunities available throughout Spanish River Land—from completed luxury homes to teardown properties positioned for redevelopment.
Luxury New Construction Sold at 2930 Cadiz Road
One of Marc Coriaty's most notable recent sales was 2930 Cadiz Road, an exceptional newly constructed luxury residence by Mizner Development, located just one block from the beach in Spanish River Land. In this transaction, Marc successfully represented both the buyer and the seller, showcasing his expertise in marketing and negotiating high-end luxury properties in one of Boca Raton's most sought-after neighborhoods.
The five-bedroom home offered more than 5,500 square feet of living space and was designed for modern indoor-outdoor living. Features included a chef’s kitchen with Wolf and Sub-Zero appliances, custom cabinetry, a wine room, club room and spacious entertaining areas that opened to the exterior.
The home also featured a heated saltwater pool, spa, outdoor kitchen, smart-home technology, impact windows and a two-car garage.
The property sold for $5,650,000 in June 2026, illustrating continued buyer demand for large, move-in-ready new construction homes in Spanish River Land.
This sale reflects an important trend in East Boca Raton: buyers remain willing to pay a premium for well-designed homes that combine luxury finishes, modern technology and proximity to the ocean.
Modern Coastal Home Sold at 812 Malaga Drive
Another significant transaction was 812 Malaga Drive, a newly built modern coastal residence located just a few blocks from the beach.
Built in 2025 by Core 4 Homes, the property offered approximately 4,434 square feet of living space with five bedrooms and five bathrooms. The home combined contemporary architecture with refined interior finishes and was designed to appeal to buyers looking for turnkey coastal living.
The property sold for $4,100,000
The sale at 812 Malaga Drive further demonstrates that buyers are actively seeking new construction homes at multiple price points within Spanish River Land.
Not every buyer needs the neighborhood’s largest residence. Homes that offer efficient floor plans, quality construction, luxury finishes and beach access can also perform strongly when they are positioned correctly for the market.
Teardown Sale at 783 Cordova Drive
Spanish River Land is also one of Boca Raton’s most attractive neighborhoods for buyers searching for teardown and redevelopment opportunities.
Marc Coriaty recently handled the sale of 783 Cordova Drive, an older three-bedroom residence built in 1968 on an approximately 8,407-square-foot lot.
The property sold for $1,625,000 and was acquired by a Mizner Development, highlighting the underlying value of land within the neighborhood.
For many teardown buyers, the existing house is secondary. The primary considerations are:
- Lot dimensions
- Buildable square footage
- Setbacks and zoning
- Proximity to the beach
- Surrounding new construction sales
- Finished-home resale potential
- Tree, drainage and site conditions
The Cordova Drive transaction demonstrates why sellers should not evaluate an older home based solely on its current condition. In neighborhoods such as Spanish River Land, a property may have significant value as a future luxury construction site.
New Primo Luxury Homes Project at 3099 Banyan Road
Marc Coriaty is also representing an exciting new project by Primo Luxury Homes at 3099 Banyan Road.
The development introduces two luxury new construction residences to the Spanish River Land beach neighborhood.
The homes are designed with contemporary architecture, warm natural finishes and private elevators serving all three levels. Each residence includes approximately 3,000 square feet of living space, four bedrooms, luxury kitchens with Thermador appliances, custom wood-veneer millwork and sophisticated porcelain finishes.
Outdoor features include private pools and fully equipped outdoor kitchens, creating inviting spaces for entertaining and enjoying South Florida’s year-round climate.
The publicly marketed residences include:
- Residence 1: Approximately 3,024 square feet, offered at $3,450,000
- Residence 2: Approximately 3,037 square feet, offered at $3,750,000
The project is scheduled to hit the market this month and offers buyers a lower-maintenance alternative to a larger single-family estate while still delivering luxury finishes and close proximity to the beach.
Why Buyers Continue Choosing Spanish River Land
Spanish River Land offers a combination of location and lifestyle that is difficult to duplicate.
The neighborhood is positioned between the Intracoastal Waterway and the Atlantic Ocean, allowing residents to enjoy easy access to the beach while remaining only minutes from downtown Boca Raton.
Buyers are attracted to the area for several reasons.
Proximity to the Beach
Many homes are within walking, biking or golf-cart distance of the ocean. That convenience is especially appealing to full-time residents, seasonal homeowners and buyers relocating from other states.
Limited Land Availability
Spanish River Land has a finite number of residential lots. As older properties are redeveloped, the supply of teardown opportunities becomes increasingly limited.
This scarcity helps support demand for both land and completed new construction.
Variety of Luxury Homes
The neighborhood offers more than one type of luxury property.
Buyers can choose among:
- Completed custom estates
- Pre-construction homes
- Contemporary townhomes
- Renovated residences
- Original homes
- Teardown properties
- Custom building lots
That range attracts buyers and investors with different budgets and development strategies.
No Mandatory Country Club Membership
Many buyers want access to Boca Raton’s beaches, restaurants and luxury amenities without the financial commitment of a mandatory golf or country club membership.
Spanish River Land provides an attractive alternative while remaining close to many of Boca Raton’s premier destinations.
Strong New Construction Demand
Recent sales at Cadiz Road and Malaga Drive demonstrate continued demand for modern homes in the neighborhood.
Buyers often prioritize updated floor plans, impact windows, newer mechanical systems, smart-home features, resort-style pools and luxury outdoor living spaces. Properly designed new construction homes can meet these expectations without requiring the buyer to complete a major renovation.
What These Sales Mean for Spanish River Land Homeowners
For homeowners considering whether to sell a home in Spanish River Land, recent transactions show that there may be multiple categories of potential buyers.
A newer or fully renovated luxury residence may appeal to an end user seeking a move-in-ready home.
An older property may attract:
- Builders
- Developers
- Investors
- Custom-home buyers
- Buyers planning a substantial renovation
Determining the best way to sell a home requires understanding its highest and best use.
In some cases, presenting the home as a traditional residence may produce the strongest result. In others, marketing the property as a teardown or development opportunity may attract a different buyer pool and maximize the land value.
How to Sell a Home in Spanish River Land
Successfully selling a home in Spanish River Land requires more than placing it in the MLS.
The marketing and pricing strategy should account for:
- The condition and age of the existing home
- Lot width and depth
- Buildable area
- Recent luxury-home sales
- New construction inventory
- Builder demand
- Beach proximity
- Construction potential
- Current buyer preferences
Sellers should also understand how their property compares with both existing homes and land sales. A real estate professional experienced in teardowns and new construction can help determine which buyer category is most likely to recognize the property’s full value.
Sell Your Spanish River Land Home With Marc Coriaty
Marc Coriaty specializes in luxury homes, teardown properties, land acquisition and new construction throughout Boca Raton, with a particular focus on Spanish River Land.
Marc's extensive track record in Spanish River Land includes additional notable sales at 2930 Cadiz Road (teardown), 3099 Banyan Road (teardown), 3097 Banyan Road, 3093 Banyan Road, 898 Barcelona Drive and 1351 Cocoanut Road (teardown). These transactions encompass luxury homes, redevelopment opportunities, teardown properties and new construction projects, providing him with a comprehensive understanding of the neighborhood from both a homeowner's and developer's perspective.
Having represented luxury buyers, sellers, builders and investors, Marc understands what drives property values in Spanish River Land—from lot characteristics and redevelopment potential to buyer demand and the premium placed on modern new construction near the beach.
Whether you're selling a completed luxury home, an older residence with redevelopment potential or a valuable building lot, Marc offers the market knowledge, strategic guidance and targeted marketing needed to maximize your property's value. His proven experience in Spanish River Land allows him to position every property for the right audience and deliver exceptional results in one of Boca Raton's most desirable neighborhoods.
Thinking About Selling Your Home in Spanish River Land?
Contact Marc Coriaty for a confidential property evaluation and a customized strategy to sell your home in Spanish River Land.
The right approach begins by understanding whether your property is most valuable as an existing residence, a renovation opportunity or the site of Boca Raton’s next luxury new construction home. www.coriatygroup.com
