Royal Palm Yacht And Country Club, Estate of the Day
A Florida home once owned by Richard Rochon, co-founder of private equity investment firm Royal Palm Capital Partners, heads to auction next month. This is no ordinary home, but is a huge Renaissance-style mansion in the Royal Palm Yacht & Country Club area of Boca Raton. The home was on the market for $21.9 million. Rochon's lender, Thornburg Mortgage Inc., filed a foreclosure notice on the home in December.
The auction of the 25,000 square-foot waterfront home is scheduled for July 11. There is no minimum bid but potential buyers must show up with a $250,000 deposit to participate. The home has six bedrooms, an elevator, wine room, an indoor lap pool, a theater, and 475 feet of boat dockage space. The property includes a waterfront terrace, outdoor pool and spa, cabana bath, summer kitchen and a practice putting green. The home is a slightly larger version of other huge mansions I've seen in the Boca area. Some distinctive details include a two-story formal living room with a hickory floor, coffered wood ceilings, his and hers offices and a master wing that includes a bedroom with double-height ceiling and stone arches. The Royal Palm Yacht & Country Club is a private, by-invitation only club with a Jack Nicklaus Signature golf course, a 30,000-square-foot golf clubhouse, fitness center, clay tennis courts, swimming pool, and two championship croquet courses. The auction website is here.
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Reader Comments (Page 1 of 1)
DJ Jun 25th 2009 1:40PM
??? "There is no minimum bid for this auction." Something's missing here, like the buyer assumes unpaid taxes, balance of the mortgage or something else. Having a $250,000 deposit on hand at the auction is nothing.
And while the house and grounds are beautiful, the kitchen really needs an update.