MLS-supplied photographs · 40 selected
$3,795,000
4 beds · 6 baths · 4,793 sq ft
0.34 acre lot · MLS reported
501 Sandpiper Way, Boca Raton, FL 33431
SANCTUARY · Boca Raton
Active
Why RET noticed it
RET View
This home is not currently RET Select.
The catch
The narrow same-community comparison does not establish a market discount. Confirm the renovation scope and costs; marina dockage is rental availability, not a deeded berth.
Compare with another property ↗
What could change our view
If inspection or renovation records do not support the reported work, or an equally updated Sanctuary alternative costs less, reconsider the condition advantage.
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 16.38% more per square foot than the middle price of the similar recent sales. Its asking price is $792 per square foot, compared with $680 across 6 reviewed listing-reported sales from 2025-11-18 to 2026-10-01. 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 |
|---|---|---|---|---|---|---|
| B26015423VERIFIEDBAY COLONY ESTATES | $2,550,0002026-07-21 | $592 | 4,311 sq.ft. / 0.29 acres | NoNone | 36 days / 1.38 mi | Same house type, same waterfront category; 1.38 miles away; indoor area differs 10.1%; built 2000. Different subdivision: check whether the locations are comparable.Year built 2000; Existing homeSold for less by $1,245,000; smaller by 482 sq.ft. |
| R11100023VERIFIEDBOCAIRE GOLF CLUB NO 2 | $1,500,0002026-01-20 | $332 | 4,517 sq.ft. / 0.4 acres | NoNone | 188 days / 2.81 mi | Same house type, same waterfront category; 2.81 miles away; indoor area differs 5.8%; built 1987. Different subdivision: check whether the locations are comparable.Year built 1987; Existing homeSold for less by $2,295,000; smaller by 276 sq.ft. |
| R11146739VERIFIEDBOCA VILLAS SEC B | $3,725,0002026-06-05 | $748 | 4,981 sq.ft. / 0.23 acres | NoNone | 173 days / 2.58 mi | Same house type, same waterfront category; 2.58 miles away; indoor area differs 3.9%; built 2007. Different subdivision: check whether the locations are comparable.Year built 2007; Existing homeSold for less by $70,000; larger by 188 sq.ft. |
| B26060611VERIFIEDBOCAIRE GOLF CLUB 2 | $3,380,0002026-10-01 | $613 | 5,515 sq.ft. / 0.34 acres | NoNone | 6 days / 2.79 mi | Same house type, same waterfront category; 2.79 miles away; indoor area differs 15.1%; built 1994. Different subdivision: check whether the locations are comparable.Year built 1994; Existing home, Updated/RemodeledSold for less by $415,000; larger by 722 sq.ft. |
| R11113692VERIFIEDBOCA VILLAS | $3,700,0002025-11-18 | $768 | 4,816 sq.ft. / 0.21 acres | NoNone | 69 days / 2.75 mi | Same house type, same waterfront category; 2.75 miles away; indoor area differs 0.5%; built 2007. Different subdivision: check whether the locations are comparable.Year built 2007; Existing homeSold for less by $95,000; larger by 23 sq.ft. |
| A11789969VERIFIEDBOCA RATON RIVIERA UNIT C | $3,225,0002026-09-08 | $757 | 4,263 sq.ft. / 0.21 acres | NoNone | 410 days / 2.84 mi | Same house type, same waterfront category; 2.84 miles away; indoor area differs 11.1%; built 2006. Different subdivision: check whether the locations are comparable.Year built 2006; Existing homeSold for less by $570,000; smaller by 530 sq.ft. |
Nearby Homes for Sale
| MLS reference | Asking price | $/sq.ft. | Indoor area / lot | Waterfront | Days listed / distance | How the homes differ |
|---|---|---|---|---|---|---|
| B26043951The Sanctuary | $4,995,000 | $1,115 | 4,478 sq.ft. / 0.39 acres | NoNone | 131 days / 0.41 mi | Same house type, same waterfront category; 0.41 miles away; indoor area differs 6.6%; built 1988. Different subdivision: check whether the locations are comparable.Year built 1988; Existing home, Updated/RemodeledAsks more by $1,200,000; smaller by 315 sq.ft. |
| B26069887BOCAIRE GOLF CLUB NO 2 | $3,499,000 | $775 | 4,517 sq.ft. / 0.4 acres | NoNone | 59 days / 2.82 mi | Same house type, same waterfront category; 2.82 miles away; indoor area differs 5.8%; built 1987. Different subdivision: check whether the locations are comparable.Year built 1987; Existing homeAsks less by $296,000; smaller by 276 sq.ft. |
| A12019783BOCAIRE GOLF CLUB | $3,260,000 | $826 | 3,947 sq.ft. / 0.42 acres | No | 159 days / 2.8 mi | Same house type, same waterfront category; 2.80 miles away; indoor area differs 17.7%; built 1987. Different subdivision: check whether the locations are comparable.Year built 1987; Existing homeAsks less by $535,000; smaller by 846 sq.ft. |
| B26043971SPANISH VILLAGE | $4,600,000 | $1,160 | 3,965 sq.ft. / 0.36 acres | NoNone | 111 days / 2.85 mi | Same house type, same waterfront category; 2.85 miles away; indoor area differs 17.3%; built 1995. Different subdivision: check whether the locations are comparable.Year built 1995; Existing homeAsks more by $805,000; smaller by 828 sq.ft. |
| A11865323SUN AND SURF CLUB COMMUNI | $4,500,000 | $1,169 | 3,851 sq.ft. / 0.29 acres | No | 423 days / 2.56 mi | Same house type, same waterfront category; 2.56 miles away; indoor area differs 19.7%; built 1975. Different subdivision: check whether the locations are comparable.Year built 1975; condition not verifiedAsks more by $705,000; smaller by 942 sq.ft. |
What would justify choosing this home?
Of the 5 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 4793 sq ft layout and 0.34-acre lot directly before choosing it.
What Changed
- Original asking price: $4,495,000. Current asking price: $3,795,000. Total price cut from the original ask: 15.57%.
- Time on market: 125 days on this listing; 400 days in the recorded cumulative history.
- The recorded total time on market is longer than this listing by 275 days. This listing alone does not show the full marketing period. The difference does not prove the home was relisted.
- Individual price cuts recorded in the available history: 1. 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 4793 sq.ft. living area is attributed to Assessor. Confirm the measurement and whether the space is legally permitted.
- This listing has been on the market for 125 days (400 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 16.38% above the middle price of the similar sales, before allowing for condition differences. Check what features or improvements justify paying more.
- MLS construction year 1988. Check renovation permits, roof age and maintenance records.
- Check the association budget, reserve savings and any extra charges for SANCTUARY: Requires verification.
- Get an insurance quote and flood-risk check for MLS B26045341: Requires verification.
What It Costs to Own
- Recorded 2025 property tax: $41,132. Your tax after purchase may differ from this past bill.
- Listed association fee: $2,054 Monthly.
- Additional association fee: Requires verification.
- The MLS says the fee covers: Maintenance Grounds, Maintenance Structure, Security, Common Areas, Reserve Funds, Recreation Facility.
- Confirm club charges, extra assessments, insurance and other ongoing costs. An assessment is an extra charge to owners, often for shared building work.
The Local Comparison
Among similar homes in this comparison, 5 sold in the last 180 days and 5 are currently for sale. The middle sale took 75 days on market and sold for $613 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%: 2414 records
- Waterfront mismatch or unknown: 289 records
- Age difference over 20 years or unknown: 42 records
- Bedroom mismatch or unknown: 8 records
- Distance unavailable or over 3 miles: 238 records
- Missing positive living area: 12 records
- Different ownership product or unfinished property: 4 records
- Incomplete core comp facts: 1 records
- Lot size outside 0.5–2 times subject or unknown: 1 records
Showing the last validated intelligence. A refresh is overdue; source verification dates remain unchanged.
RET Intelligence
Analysis by Real Estate Today
What Changed?
- 2026-10-27 · New Relevant Comparable
The similar sales have changed. Ask RET for the current comparison.
Sources and verification
- Licensed BeachesMLS evidence · verified 2026-10-27
Check current written terms for the residence before deciding. These comparisons do not predict an investment return.
RET Data & Verification StandardsPut this property in context
See the property. Understand the decision.
Request a Showing Request a Private Review ↗ Call RET · 954-274-6948Listing provided by International Realty of Florida. Source: BeachesMLS, Inc.
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