Quick answer: Thirteen waterfront homes sold for $1 million or more in Boca Raton and Delray Beach from October 12 to 19, 2026, for a combined $35.9 million, according to my review of Beaches MLS. The median sold price was $2.3 million. Ten buyers paid cash, and a home on boating water earned the highest price per square foot.
If you are thinking about buying or selling a home on the water in Boca Raton or Delray Beach, the hardest question is what that home is really worth. Asking prices are everywhere, and they are not much help. A mistake in either direction is expensive. Buyers can overpay for square footage when the value is in the water. Sellers can choose a first price that keeps a home on the market for months.
Asking prices tell you what owners hope. Sold prices tell you what buyers decided.
Every Monday I review the previous week’s Beaches MLS sales of waterfront homes at $1 million and up in both cities, from estates and canal homes to lakefront club homes and oceanfront condominiums. Here is what last week’s 13 sales say, and how to use them.
What Waterfront Homes Sold in Boca Raton and Delray Beach This Week?
Thirteen waterfront homes sold at $1 million and up, from two $6 million club homes in west Boca Raton to a $1.13 million lake home in Boca Isles. Eleven face lakes or interior water. Two sit on the ocean or a canal with ocean access.
| Address | Sold price | Sold $/sq ft | Community | Water | Buyer |
| 3809 NW Coventry Lane, Boca Raton | $6,000,000 | $1,205 | Coventry at Woodfield | Lake | Cash |
| 6980 Queenferry Circle, Boca Raton | $6,000,000 | $1,295 | St. Andrews CC | Interior canal | Cash |
| 17405 Loch Lomond Way, Boca Raton | $3,600,000 | $1,026 | St. Andrews CC | Lake | Cash |
| 4887 Bocaire Boulevard, Boca Raton | $2,800,000 | $683 | Bocaire | Lake | Cash |
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| 2466 NW 61st Diagonal Road, Boca Raton | $2,625,000 | $761 | Fairway Lakes at Broken Sound | Lake | Cash |
| 9599 Moritz Way, Delray Beach | $2,600,000 | $539 | Seven Bridges | Lake | Cash |
| 933 Banyan Drive, Delray Beach | $2,300,000 | $1,308 | Tropic Isle | Ocean access, no fixed bridges | Mortgage |
| 3588 NW Clubside Circle, Boca Raton | $2,199,000 | $654 | Clubside at Woodfield | Lake | Mortgage |
| 17320 Loch Lomond Way, Boca Raton | $2,195,000 | $762 | St. Andrews CC | Lake | Cash |
| 16083 Via Monteverde, Delray Beach | $1,725,000 | $530 | Addison Reserve | Lake | Cash |
| 500 S Ocean Boulevard #2204, Boca Raton | $1,500,000 | $1,037 | Chalfonte (condominium) | Oceanfront | Cash |
| 545 NW 7th Street, Boca Raton | $1,200,000 | $774 | Conference | Lake | Cash |
| 19236 Bay Leaf Court, Boca Raton | $1,130,000 | $425 | Boca Isles | Lake | Other |
How Much More Do Buyers Pay for Boating Water in Boca Raton and Delray Beach?
This week, buyers paid 72% more per square foot for a home on boating water than the typical lake home. The 11 lake and interior-water sales had a median sold price of $761 per square foot. 933 Banyan Drive in Tropic Isle sold for $1,308 per square foot. It is a renovated 1,758-square-foot house with 90 feet of deep water and no fixed bridges on the route to the Intracoastal. The oceanfront Chalfonte residence at 500 S Ocean Boulevard sold for $1,037, 36% above the lake median.
On a small coastal lot, buyers pay mostly for the water and the seawall. The house is the smaller part of the price.
That changes how you should read a coastal listing. By price per square foot, a modest canal home can look expensive next to a large lake home, but it is a different purchase. The frontage, the depth, and an open route out are scarce, and they do not grow when the house does. Two coastal sales are a small sample, and this weekly series will test the pattern as more sales close.
Related: A South Florida Buyer’s Guide to a Waterfront Home Inspection
Why Did Two $6 Million Lake Homes Sell Near Coastal Prices per Foot?
Because in Boca Raton’s western country clubs, buyers pay for the house and the community, and the lake is the setting. 6980 Queenferry Circle in St. Andrews Country Club and 3809 NW Coventry Lane in Woodfield each sold for $6 million, at $1,295 and $1,205 per square foot, with no boat access at all.
Both were priced to sell. Queenferry closed at its list price, and Coventry went under contract one day after listing. St. Andrews was the week’s busiest community, with three sales totaling $11.8 million, all cash.
What Does Overpricing a Waterfront Home Cost the Seller?
This week, about six percentage points of the original asking price. The seven homes that went under contract within five days of listing sold for a median of 96.5% of their original price. The six that took longer sold for a median of 90.3%. On a $2.5 million home, that gap is roughly $155,000.
The homes that sold fastest also sold closest to their first price.
4887 Bocaire Boulevard shows the cost clearly. It was recorded at $1.05 million in March 2025 (Palm Beach County Property Appraiser) and renovated. It came to market at $3.69 million and sold for $2.8 million after 100 days, 76% of that first price. The renovation created real value; the first price asked for more than the market would pay. 933 Banyan Drive started at $2.75 million and sold for $2.3 million after 47 days, 84% of its original price, despite earning the week’s highest price per square foot.
A recent purchase price does not set a floor, either. 9599 Moritz Way in Seven Bridges sold for $2.6 million, below the $2.815 million recorded when it last sold in May 2022 (Palm Beach County Property Appraiser).
Related: When to Sell a Waterfront Home in Boca Raton
Do Mortgage Rates Matter When Most Waterfront Buyers Pay Cash?
Very little this week. Freddie Mac reported the 30-year fixed rate at 7.40% on October 15, yet ten of the thirteen buyers paid cash, including both $6 million purchases. Only two used conventional mortgages, at 933 Banyan Drive and 3588 NW Clubside Circle, both between $2.2 million and $2.3 million. Price, water, and condition decided these sales, not financing.
What Is Coming to Market on the Water in Boca Raton and Delray Beach?
More coastal homes than are selling. Twelve homes on the ocean, the Intracoastal, or ocean-access canals came to market last week, against two coastal sales and one new contract. On lakes and interior water, eleven came to market and eleven sold.
•Royal Palm Yacht & Country Club: two estates on no-fixed-bridge water at $23.5 million and $24.9 million, the second a double lot of about 30,000 square feet.
•Chalfonte: three oceanfront two-bedroom residences from $1.325 million to $2.2 million, or $981 to $1,519 per square foot, depending on view and renovation. The week’s Chalfonte sale, at $1,037, gives buyers a benchmark.
•Older canal homes under $2.5 million: four homes built between 1957 and 1978 in Caribbean Keys, Camino Gardens, and Royal Oak Hills in Boca Raton and Tropic Isle in Delray Beach, two of them with a fixed bridge on the route out.
For a buyer who wants a boat behind the house, this fall offers real choice, especially among homes that have already reduced their price.
How Should You Price or Make an Offer on a Waterfront Home Right Now?
Start from what sold, not what is listed. Three steps keep a waterfront decision grounded:
1.Decide what you want the water to do for you. Boating, a view, or privacy. That one answer places you in the coastal market or the lake market, and they price differently.
2.Compare like with like. Weigh sold prices against frontage, bridges, canal width, seawall condition, and renovation, not price per square foot alone.
3.Set the first price or offer from that evidence. This week, the first five days on the market decided most outcomes.
Done this way, sellers sell close to their first price instead of chasing the market down, and buyers pay for what holds its value on the water.
When we work together under a written buyer or listing agreement, I apply this weekly review of sold prices to your search or your pricing decision. You can reach me here, or start with what your home is worth.
Frequently Asked Questions
What does “no fixed bridges” mean on a Boca Raton or Delray Beach listing?
It means the route from the home to the Intracoastal and the ocean passes under no fixed, non-opening bridge, so a fixed span does not limit your boat’s height. The route may still cross drawbridges, such as the Spanish River Boulevard, East Palmetto Park Road, and East Camino Real bridges in Boca Raton and the East Atlantic Avenue and Linton Boulevard bridges in Delray Beach, which open on federal schedules (33 CFR 117.261).
Is a lakefront home in Boca Raton considered waterfront?
Yes. The MLS treats lake, pond, and interior-canal frontage as waterfront, but those homes have no boat access to the ocean. Their value rests on the view, privacy, and the community around them, and they usually sell for less per square foot than homes on navigable water.
Are Boca Raton waterfront condos part of the waterfront market?
Yes. Oceanfront and Intracoastal condominiums carry the same MLS waterfront designation as houses and draw many of the same buyers. This week, 500 S Ocean Boulevard #2204 at Chalfonte sold for $1.5 million in cash, and three more Chalfonte residences came to market.
How can I find what a home in Palm Beach County sold for?
Recorded sales are public. Search the address on the Palm Beach County Property Appraiser website and open the sales history. Recorded sales can trail the closing date, so the most recent sales show up in the MLS first. Or, just ask me!
About Maureen Harmonay
Maureen Harmonay is a waterfront and luxury real estate agent with William Raveis Real Estate in Boca Raton. She brings more than 28 years of experience, much of it in Massachusetts, and moved to Boca Raton herself in January 2024. She works with buyers relocating to South Florida and with waterfront sellers in Boca Raton, Delray Beach, Deerfield Beach, Highland Beach, Hillsboro Beach, and Lighthouse Point. She is Feng Shui certified and grounded in biophilic design.