Royal Palm Yacht And Country Club, Estate of the Day

by Deidre Woollard (RSS feed)
Jun 25th 2009 at 1:02PM

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.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: Royal Palm Yacht & Country Club

Tags: estate of the day, EstateOfTheDay, home auction, HomeAuction, richard rochon, RichardRochon, royal palm yacht and country club, RoyalPalmYachtAndCountryClub

Filed under: Estates, Auctions

Source

Subscribe to these comments

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.