High in demand: Cannabis billionaire buys $14M waterfront Boca mansion
Luxury home sales in Boca Raton continue to surge, and Russian-American businessman Boris Jordan is the newest billionaire neighbor in Old Boca Raton’s Estate Row on the Intracoastal Waterway with his purchase of 1175 Spanish River Road for $14 million.
Property records show the property was originally listed for nearly $11 million and veteran advertising executive Richard Tarlow as the seller. The adjacent lot was also available for purchase for $14.5 million.
Spanning 8,303-square-feet, five bedrooms, six full and two half-bathrooms and pool, the mansion was built by J.H. Norman, designed by architect George Brewer, and finished by award winning Boca Raton interior design firm Marc-Michaels’s in 2015. Tarlow purchased the property in 2016 for $9.2 million.
Jordan is the executive chairman of Curaleaf, a cannabis company with 93 dispensaries in the United States. According to Forbes, his net worth is $1.7 billion.
Winter may be here, but the market shows no signs of cooling in Boca Raton. Spec mansions with spacious and private outdoor areas seem particularly attractive to wealthy buyers coming from Manhattan-New York, New Jersey, Long Island, Boston, Philadelphia, and now Los Angeles. A spec home in Boca recently sold to a pharmaceutical executive for $6 million. A managing director of a private equity firm scooped up a Boca spec mansion for $12.8 million.
Boca Raton is synonymous for its beautiful beaches, parks, and lush landscapes!
December 8th, 2020