MLS-supplied photographs · 49 selected
$1,990,000
4 beds · 3.5 baths · 3,317 sq ft
0.37 acre lot · MLS reported
1940 SW 7th Place, Boca Raton, FL 33486
Boca Sailing and Racquet Club · Boca Raton
Active
Why RET noticed it
RET View
This home asks $115,000 more than the lowest-priced similar home currently for sale. This home is $1,990,000 for 3317 sq ft; MLS B26073612 is 2511 sq ft and 1.2 miles away. Look for a layout, condition or cost advantage before paying the difference.
The catch
The asking price per square foot is 21.42% above the middle of similar sales, before allowing for condition differences. Check what justifies paying more.
Compare with another property ↗
What could change our view
Compare the $1,990,000 asking price with the $1,875,000 alternative. A verified improvement in condition, layout or annual costs that justifies the difference could change our view.
Property details are based on listing/provider information and should be confirmed during normal buyer due diligence.
Source checked 2026-10-27T06:22:05ZHow RET evaluates properties
The listing facts come from the MLS; RET has not inspected the home. RET compares similar home types, sizes and waterfront settings. Check condition, measurements and any seller credits directly. Asking prices show what sellers want; completed sales show what buyers paid. RET Select also requires a clear reason to choose the home and a current review of its risks. This is not an appraisal or an offer recommendation.
Read the selection standard ↗How It Compares
This home asks about 21.42% more per square foot than the middle price of the similar recent sales. Its asking price is $600 per square foot, compared with $494 across 3 reviewed listing-reported sales from 2025-12-01 to 2026-06-17. Price per square foot divides the price by indoor living area; it helps compare homes of different sizes.
Comparison confidence: Moderate. Some homes differ in neighborhood, age, size or sale date. Condition, renovation and seller credits have not been priced into the difference. This is not an appraisal.
| MLS reference | Sale / date | $/sq.ft. | Indoor area / lot | Waterfront | Days listed / distance | How the homes differ |
|---|---|---|---|---|---|---|
| R11088446VERIFIEDBoca Sailing & Racquet Club | $1,592,5002026-01-15 | $494 | 3,223 sq.ft. / 0.46 acres | YesLake Front | 211 days / 0.27 mi | Same house type, same waterfront category; 0.27 miles away; indoor area differs 2.8%; built 1987. Different subdivision: check whether the locations are comparable.Year built 1987; Existing homeSold for less by $397,500; smaller by 94 sq.ft. |
| B26023246VERIFIEDPARKSIDE | $2,120,6252026-06-17 | $719 | 2,950 sq.ft. / 0.28 acres | YesLake Front | 6 days / 0.31 mi | Same house type, same waterfront category; 0.31 miles away; indoor area differs 11.1%; built 1993. Different subdivision: check whether the locations are comparable.Year built 1993; Existing homeSold for more by $130,625; smaller by 367 sq.ft. |
| R11092811VERIFIEDWIND DRIFT AS | $1,200,0002025-12-01 | $351 | 3,416 sq.ft. / 0.46 acres | YesLake Front | 147 days / 0.48 mi | Same house type, same waterfront category; 0.48 miles away; indoor area differs 3.0%; built 1979. Different subdivision: check whether the locations are comparable.Year built 1979; Existing homeSold for less by $790,000; larger by 99 sq.ft. |
Nearby Homes for Sale
| MLS reference | Asking price | $/sq.ft. | Indoor area / lot | Waterfront | Days listed / distance | How the homes differ |
|---|---|---|---|---|---|---|
| B26076836ROYAL OAK HILLS | $2,475,000 | $836 | 2,959 sq.ft. / 0.23 acres | YesFixed Bridge, Canal Front, Seawall, Canal Width 1-80 Feet | 41 days / 1.34 mi | Same house type, same waterfront category; 1.34 miles away; indoor area differs 10.8%; built 2001. Different subdivision: check whether the locations are comparable.Year built 2001; Existing homeAsks more by $485,000; smaller by 358 sq.ft. |
| B26048170ESTANCIA | $1,985,000 | $584 | 3,400 sq.ft. / 0.52 acres | YesNone, Canal Front, Canal Width 81-120 Feet | 112 days / 2.51 mi | Same house type, same waterfront category; 2.51 miles away; indoor area differs 2.5%; built 1977. Different subdivision: check whether the locations are comparable.Year built 1977; Existing homeAsks less by $5,000; larger by 83 sq.ft. |
| B26073612LAKE FLORESTA PARK | $1,875,000 | $747 | 2,511 sq.ft. / 0.23 acres | YesCanal Front, Pond, Canal Width 81-120 Feet | 44 days / 1.2 mi | Same house type, same waterfront category; 1.20 miles away; indoor area differs 24.3%; built 1967. Different subdivision: check whether the locations are comparable.Year built 1967; Existing home, Updated/RemodeledAsks less by $115,000; smaller by 806 sq.ft. |
What would justify choosing this home?
Of the 3 similar homes currently for sale, 2 have a lower asking price. Check what this home offers that the cheaper choices do not: condition, layout or lower ongoing costs. Compare the 3317 sq ft layout and 0.37-acre lot directly before choosing it.
What Changed
- Original asking price: $2,400,000. Current asking price: $1,990,000. Total price cut from the original ask: 17.08%.
- Time on market: 290 days on this listing; 290 days in the recorded cumulative history.
- Individual price cuts recorded in the available history: 0. The history may be incomplete, so there may have been other changes.
- The lower asking price reduces the purchase cost. It does not prove seller motivation or a discount to market value.
- Back-on-market, pending and relisting events: Requires verification.
Worth Knowing
- The 3317 sq.ft. living area is attributed to an unspecified source. Confirm the measurement and whether the space is legally permitted.
- This listing has been on the market for 290 days (290 days across its recorded history). Ask about showing feedback and any failed contracts; the listing data does not explain why it remains available.
- The asking price per square foot is 21.42% above the middle price of the similar sales, before allowing for condition differences. Check what features or improvements justify paying more.
- MLS construction year 1987. Check renovation permits, roof age and maintenance records.
- Check the association budget, reserve savings and any extra charges for Boca Sailing and Racquet Club: Requires verification.
- Get an insurance quote and flood-risk check for MLS R11149083: Requires verification.
What It Costs to Own
- Recorded 2025 property tax: $13,351. Your tax after purchase may differ from this past bill.
- Listed association fee: $618 Monthly.
- Additional association fee: Requires verification.
- The MLS says the fee covers: Security, Trash, Common Areas.
- Confirm club charges, extra assessments, insurance and other ongoing costs. An assessment is an extra charge to owners, often for shared building work.
Waterfront & Boating Profile
- MLS R11149083 reports Lake Front waterfront for this 0.37-acre property.
- For MLS R11149083, confirm dock rights, water depth, bridge height and whether your boat fits. These are not verified, so no suitable boat size is claimed.
The Local Comparison
Among similar homes in this comparison, 6 sold in the last 180 days and 3 are currently for sale. The middle sale took 25 days on market and sold for $632 per square foot.
Which homes are included?
Matching rules: same city/subtype, 3-mile radius, living area ±25%, matching waterfront, age ±20 years, lot 0.5–2x, bedrooms ±1. Source cycle: 2026-10-26T16:17:11Z. Only permitted, complete records that match these rules are included. This is a sample, not every home in the neighborhood or a prediction of how fast this one will sell.
Why Some Homes Are Not Compared
Why other records were excluded
- Living area differs by over 25%: 2091 records
- Lot size outside 0.5–2 times subject or unknown: 22 records
- Distance unavailable or over 3 miles: 309 records
- Waterfront mismatch or unknown: 537 records
- Missing positive living area: 12 records
- Different ownership product or unfinished property: 4 records
- Age difference over 20 years or unknown: 4 records
- Incomplete core comp facts: 24 records
- Bedroom mismatch or unknown: 2 records
- Active Internet/delayed permission failed: 1 records
Showing the last validated intelligence. A refresh is overdue; source verification dates remain unchanged.
Put this property in context
See the property. Understand the decision.
Request a Showing Request a Private Review ↗ Call RET · 954-274-6948Listing provided by Coldwell Banker Realty. Source: BeachesMLS, Inc.
Participant contact: 561-278-0300
For personal, non-commercial use when identifying a property to purchase. BeachesMLS, Inc. supplies listings bearing its logo. Authenticity and accuracy have not been verified; information is not guaranteed. Copyright © 2026 BeachesMLS, Inc.