Stanley and Lisa Moss, the CEO of investment management firm Polen Capital and his wife, have recently added a stunning $11.2 million waterfront spec home to their already impressive real estate portfolio. The property, located in the guard-gated community called the Sanctuary in Boca Raton, was purchased from luxury developer Group P6.
The 7,100-square-foot, five-bedroom, nine-bathroom mansion sits on a 0.3-acre plot and offers 102 feet of waterfront, complete with a pool and two half-bathrooms. The property was completed just last year and boasts of being one of the most luxurious homes in the Sanctuary community.
The Sanctuary is a highly coveted location in Boca Raton, known for attracting high-profile residents, including NHL Commissioner Gary Bettman, who purchased a waterfront mansion in the area for $8 million in 2021, and supplements mogul Darielle Singerman, who sold her waterfront mansion for $10.2 million in December 2021.
Group P6, the Boca Raton-based luxury spec developer, purchased the Blue Heron Way property for $2.7 million in 2019, demolished the existing home, and built the magnificent waterfront mansion. The property was listed for $12.5 million in February 2021, with the asking price raised to $14.8 million in March of the same year. The property eventually sold for $11.2 million, below its asking price, but still an impressive sum for the property.
The Moss’ new home provides a 24-hour security system, both on the streets and in the waterways, making it a highly coveted location for affluent buyers. The community’s security system ensures that the residents can enjoy privacy and exclusivity, making it a popular choice for those seeking a luxurious lifestyle.
Luxury homes in private communities have been in high demand in Boca Raton, especially since the pandemic ignited a South Florida real estate boom. In fact, last month, luxury builders Steve and Scott Dingle set the Boca Raton price record, selling a waterfront spec mansion in the Royal Palm Yacht & Country Club for a staggering $28 million.
The COVID-19 pandemic has resulted in a surge in demand for luxury homes in private communities in South Florida, as affluent buyers seek to escape the confines of city living and enjoy a more relaxed lifestyle. Boca Raton has emerged as a popular destination with its beautiful beaches, warm weather, and luxury properties.
The Moss’ real estate portfolio includes two other properties in Palm Beach County, a house they bought in 2012 for $1.4 million, and an oceanfront Highland Beach townhouse they purchased in 2021 for $6.3 million. Their latest acquisition is undoubtedly one of the most impressive properties in their portfolio, and showcases their penchant for luxury real estate.
The real estate market in Boca Raton continues to heat up, with more and more high-profile buyers like Stanley and Lisa Moss investing in the area. The demand for luxurious homes in private communities shows no signs of slowing down, making it a lucrative market for developers and investors alike.
The Moss’ latest purchase of an $11.2 million waterfront mansion in the Sanctuary community in Boca Raton is a testament to the growing demand for luxury properties in South Florida. The property is an impressive addition to their already impressive real estate portfolio, and is sure to attract attention from other affluent buyers looking for a luxurious lifestyle in a private community.
