HomeBridge CEO sells Boca Raton spec mansion for $17M

Peter R. Norden, CEO of mortgage lending firm HomeBridge, sold a spec mansion in Boca Raton’s Royal Palm Yacht & Country Club for $16.9 million.

Records show Norden sold the house at 1812 Sabal Palm Circle to David and Robin Reis of Harrison, New York. David Reis is CEO of Senior Care Development, a Harrison, New York-based developer and operator of senior care facilities. 

Norden heads Coral Gables-based HomeBridge Financial Services. He and his wife, Barbara Norden, also own a waterfront mansion in Royal Palm Yacht & Country Club that they bought for $13 million in 2020. 

David Roberts of Royal Palm Properties represented both sides in the latest deal.

Norden bought the Sabal Palm Circle property for $5 million in 2021, records show. Norden partnered with Steve and Scott Dingle, the brothers who lead SRD Building Corporation, a spec development firm that specializes in Royal Palm Yacht & Country Club. The Dingles built and sold a waterfront spec mansion for $28 million in February of last year, then a price record for Boca Raton residential sales.  

They completed the project for Norden last year, according to property records. The 8,700-square-foot mansion sits on 0.4 acres and has six bedrooms, seven bathrooms and two half-bathrooms, records show. It includes a club room, wine room and pool, the listing shows. 

Norden listed the house for $19.3 million in July, selling it for $2.4 million below the asking price, Redfin shows. Roberts is the go-to broker for SRD Building projects and one of the top agents in Palm Beach County, placing first in The Real Deal’s ranking of on-market deals last year with nearly $350 million in sales. 

Other recent sales in Royal Palm Yacht & Country Club include Denise Rizzuto’s flip of a home to a car dealer for $8 million last month. She’s the wife of Conair heir Leandro Rizzuto, Jr., and had bought the house for $7.8 million nine months prior. In October, spec builder Jeff Norman also bought a waterfront house for $23.5 million, with plans to split the property and build two $30 million homes. In September, the Dingle brothers sold a non-waterfront spec house for $16.2 million. 

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