Baltic Hotel Group Owner Mikhail Avrutin Sells Boca Raton Mansion for $28.45 Million with the Worth Group

The Worth Group

04/17/24

In the affluent Royal Palm Yacht & Country Club of Boca Raton, a stunning transaction has unfolded with the sale of a luxurious new mansion for $28.45 million. The property, located at 444 E. Alexander Palm Road, was sold by a trust led by Mikhail Avrutin of the Baltic Hotel Group and Olga Avrutin Schackler, a L'Oréal marketing executive. This sale, expertly facilitated by The Worth Group, not only reflects the exclusivity and appeal of Boca Raton's real estate market but also underscores the significant investments and confidence in the area’s luxury living standards.

The mansion at 444 E. Alexander Palm Road in the prestigious Royal Palm Yacht & Country Club epitomizes waterfront luxury in Boca Raton. This newly built 9,854-square-foot home boasts a prime location between Lake Boca Raton and the Atlantic Ocean. It was meticulously designed by Sarkela Corp. along with Randall Stofft Architects and Michele Balacco of D Editors, featuring a modern yet timeless aesthetic. The property includes six bedrooms, seven bathrooms, two half-bathrooms, along with high-end amenities like a private dock, elevator, fireplace, and a pool, making it an emblem of sophistication and luxury living.

The sale process of the mansion at 444 E. Alexander Palm Road was marked by meticulous attention to detail and expert representation by Marie Mangouta and Adam Elmer Jr. of the Worth Group at Fortune Christie’s International Real Estate. Their comprehensive approach involved showcasing the property's unique features and prestigious location within the Royal Palm Yacht & Country Club. Through strategic marketing efforts and personalized service, Elmer and Mangouta facilitated a seamless transaction, ensuring both buyer and seller were satisfied with the deal. Their dedication to excellence and deep understanding of the luxury real estate market in Boca Raton played a pivotal role in the successful sale of this exceptional property.

The sale for $28.45 million is a testament to the robust health of Boca Raton's luxury real estate market. This transaction not only sets a high benchmark for future sales within the Royal Palm Yacht & Country Club but also signals a rising interest in ultra-luxury waterfront properties. Such a significant sale contributes to maintaining Boca Raton’s reputation as a top destination for high-net-worth individuals looking for premium, exclusive living options, further energizing the local market and attracting additional upscale developments.

If you're considering buying or selling luxury property in Boca Raton, The Worth Group is here to guide you through every step of the process with unmatched expertise and dedication. Contact us today to discover how we can help you achieve your real estate goals and take advantage of the thriving market. Experience the best in luxury real estate services with The Worth Group.

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The Worth Group specializes in coordinating real estate development projects in all phases, from conception to completion, to deliver their clients luxurious, state-of-the-art condominiums and estates in the heart of Boca Raton in Florida.

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