Royal Palm Yacht & Country Club is Boca Raton’s most prestigious address — and one of the most concentrated Super-Jumbo markets in Florida. The current median listing price in Royal Palm is $11.97 million. The average price per square foot is $2,235. Homes here sit on the Intracoastal Waterway with private dockage and frontage on a Jack Nicklaus Signature golf course. The club’s membership — which includes the golf course, marina, tennis facilities, and social amenities — is entirely separate from home ownership and requires its own application and approval process. Membership initiation fees at Royal Palm and comparable Boca communities range from $0 at some developments to $400,000 and above at the most exclusive. This is not a neighborhood where the conforming loan limit or even the standard Jumbo threshold is a relevant data point. It is a Super-Jumbo market by definition.
Beyond Royal Palm, Boca Raton’s Super-Jumbo tier extends through The Sanctuary — a gated Intracoastal community where canal and deepwater estates trade between $3 million and $15 million — through Le Lac, Bel Marra, and select Intracoastal properties along the eastern corridors, and into a handful of oceanfront and high-floor condominium addresses where penthouse and upper-level units cross the $3 million threshold. This is a narrower Super-Jumbo geography than in Naples or Miami — but it is real, active, and populated by buyers whose financial profiles require programs that most lenders do not maintain.
Ryan Lehrman, NMLS #235295, structures Super-Jumbo financing for Boca Raton’s waterfront estate market — with discretion, documentation fluency, and program depth that match what transactions at this level require.
Super-Jumbo mortgages are generally defined as loans above $3 million. In Boca Raton, this tier is primarily concentrated in East Boca’s waterfront communities — Royal Palm Yacht & Country Club, The Sanctuary, Le Lac, and select Intracoastal estate corridors — along with the upper tiers of the Alina Residences and oceanfront properties where penthouse-level pricing exceeds $3 million. It also includes estate-scale construction projects where the completed value crosses the Super-Jumbo threshold.
Super-Jumbo loans are not purchased by Fannie Mae or Freddie Mac. They are originated and held by portfolio lenders according to their own guidelines, which means program flexibility — in income documentation, loan-to-value parameters, and borrower profile — is entirely lender-dependent. The distinction between a lender with an active Super-Jumbo practice and one who handles these transactions infrequently is significant at this loan size.
Boca Raton’s Super-Jumbo borrowers typically have one or more of the following financial profile characteristics:
Investment portfolio wealth — public equities, private equity fund interests, hedge fund returns
Business ownership income from closely held companies or professional practices
Asset wealth concentrated in retirement accounts, trusts, or family office structures
Deferred compensation, carried interest, or equity compensation from financial or corporate careers
Out-of-state relocation capital — significant equity from the sale of a primary residence in a high-cost Northeast market
Programs exist for all of these profiles. The consultation conversation — before any application is submitted — determines which documentation approach matches the income structure.
Designed for direct purchases in Royal Palm Yacht & Country Club, The Sanctuary, Le Lac, and Boca’s Intracoastal estate corridor. These programs accommodate single-property transactions from $3 million through $15 million and above, with loan-to-value structures calibrated to high-value collateral and underwriting that accounts for the limited comparable sale base in Boca’s most exclusive communities. Waterfront access, dock configuration, golf course frontage, and club membership eligibility all affect property valuation in ways that require appraisers with specific neighborhood experience.
For buyers whose financial strength is held in investment portfolios rather than current earned income — a profile that describes many of Boca’s Northeast relocation buyers, retirees, and recently exited business owners. Asset depletion calculates qualifying income by dividing eligible assets over a loan term divisor, allowing a buyer with substantial investment wealth and modest current W-2 income to qualify for a Super-Jumbo loan that reflects actual financial capacity. This is one of the most frequently used pathways for Super-Jumbo buyers in Boca Raton’s waterfront market.
For buyers with deferred compensation structures, equity compensation from corporate or private company careers, business ownership distributions, and partnership income. Bank statement programs — using 12 or 24 months of personal or business bank statements — provide an alternative documentation pathway for buyers whose tax returns are reduced by legitimate business deductions. Two years of consistent distributions document the income pattern; the bank statement approach captures what actually flows into personal accounts.
For buyers commissioning estate-scale custom homes on Intracoastal or canal parcels in East Boca — teardown-and-rebuild projects where the combined land acquisition and construction cost crosses the Super-Jumbo threshold. These projects require a lender who can underwrite both the construction draw structure and the permanent loan terms simultaneously, at a loan size that most lenders do not maintain active programs for.
Royal Palm Yacht & Country Club
Boca Raton's preeminent waterfront community, Royal Palm features custom estates on the Intracoastal Waterway with private dockage and golf course frontage. The median listing price is $11.97 million and the average price per square foot is $2,235 — comparable to marquee waterfront addresses in Palm Beach and significantly above Boca's broader luxury market. The Jack Nicklaus Signature golf course, marina, and private club are separate from homeownership and require independent approval. Demand is driven by true scarcity: limited inventory, no new development within the community, and a buyer base of domestic and international ultra-high-net-worth purchasers. Homes here are almost exclusively Super-Jumbo transactions, with a significant proportion sold for cash.
The Sanctuary
One of Boca Raton's most sought-after gated waterfront communities, The Sanctuary offers deepwater canal and Intracoastal estate homes in a setting that feels genuinely private despite being minutes from downtown Boca. Properties are yacht-friendly, with dockage accommodating substantial vessels, and the community's landscaped entry and guard-gated security appeal strongly to privacy-oriented buyers. Pricing ranges from approximately $3 million for smaller canal homes to $15 million and above for large Intracoastal frontage estates. The Sanctuary consistently attracts cash buyers and discrete Super-Jumbo financing from buyers who are financing a portion of an acquisition that includes investment of equity from a prior home sale.
Le Lac
A smaller, boutique gated lakefront community in East Boca, Le Lac offers a quieter alternative to the full club membership requirements of Royal Palm while delivering waterfront privacy and high-quality estate homes in the $3 million to $8 million range. The community is known for discretion and draws buyers who prioritize a private setting over club amenities.
Bel Marra
An intimate Intracoastal enclave in East Boca, Bel Marra features a small number of deepwater estate properties in the $3 million to $10 million range. The community's exclusivity is a function of its size — limited transactions per year, limited public-facing marketing, and a buyer base that values the neighborhood's low profile.
Alina Residences — Upper Floors and Penthouses
Downtown Boca Raton's Alina Residences transitions into Super-Jumbo territory at its penthouse and upper-floor level, with select units priced above $3 million in a location that puts Mizner Park, the beach, and Boca's cultural infrastructure within walking distance. These transactions represent the urban Super-Jumbo tier — condominium rather than estate, but Super-Jumbo in loan size.
Super-Jumbo programs through $10 million and beyond for Royal Palm Yacht & Country Club, The Sanctuary, and Boca's Intracoastal estate market
Asset depletion and portfolio income programs for investment-wealth and retirement-transition buyers
Executive and business owner income documentation — deferred comp, distributions, bank statement pathways
Construction-to-Permanent Super-Jumbo for estate teardown projects on Boca's waterfront parcels
Discreet, confidential service for high-net-worth clients — no unnecessary data sharing or processing handoffs
Ryan Lehrman, NMLS #235295
Credit Profile: Super-Jumbo programs typically require 720 to 740 minimum, with the most competitive pricing at 760 and above. Buyers with complex income structures benefit from a pre-consultation to review both credit and documentation before any application is submitted.
Income Documentation: Full tax return documentation for W-2 and self-employed borrowers. Two years of K-1s and partnership agreements for business owners and fund investors. Bank statement programs for buyers whose tax returns understate actual income. Asset depletion schedules for investment-wealth buyers with limited current earned income.
Loan-to-Value: Most Super-Jumbo programs allow 65% to 75% LTV. Loans above $5 million typically require 25% to 35% down. Royal Palm Yacht & Country Club and comparable trophy-property transactions may have more specific collateral requirements given the limited comparable sale base.
Reserves: 12 to 24 months PITI in liquid or near-liquid assets is standard. Portfolio accounts and investment holdings typically count at 60% to 70% of market value for reserve calculation purposes.
Confidential Consultation — A private conversation about the property, loan amount, income structure, and the right documentation approach — before any offer is made or application submitted. For Royal Palm and The Sanctuary transactions, pre-engagement is particularly important because the seller community is small and a credible, prepared buyer is recognized immediately.
Documentation Planning — Ryan identifies the exact documentation path based on income type — tax returns, bank statements, asset depletion schedules, or a combination — and outlines what needs to be assembled before underwriting begins.
Appraisal and Property Review — Super-Jumbo appraisals in Royal Palm Yacht & Country Club and The Sanctuary require appraisers with direct community experience. In a neighborhood with a limited annual transaction base, comparable sale selection is a material underwriting factor.
Underwriting and Conditions — Ryan maintains direct communication throughout underwriting, addresses conditions promptly, and coordinates with the buyer's attorney, financial advisor, and real estate team.
Closing — Boca Raton Super-Jumbo closings frequently involve multiple professional advisors and, for out-of-state buyers, remote coordination. Ryan manages the timeline to ensure all parties are aligned well before the scheduled date.
Yes — this is one of the most common Super-Jumbo buyer profiles in Boca Raton's waterfront market. The equity from a Greenwich home sale typically generates significant liquid assets, and asset depletion programs convert those assets into qualifying income for the loan. The consultation conversation determines the right program structure: how much to finance, what asset documentation is needed, and what reserve requirements apply. Many buyers in this situation choose to finance a portion of the purchase to preserve investment flexibility, even when cash is available.
The club membership at Royal Palm is separate from the home purchase and is not a required expense included in your mortgage debt-to-income calculation unless it is a mandatory community fee. Because Royal Palm membership is a separate, optional transaction, it does not typically flow through the mortgage qualification process. However, it is a real financial commitment — and Ryan's consultation covers total cost of ownership in Boca Raton's club communities, not just the mortgage payment.
These communities have a limited number of sales per year, and each transaction involves highly specific attributes — canal width, water depth, boat dock configuration, golf course frontage footage, lot size, and club membership eligibility — that affect value in ways that general residential appraisers may not fully capture. Lenders underwriting Super-Jumbo transactions in these neighborhoods require appraisers with direct community experience and access to the full comparable sale history, including off-market transactions that may not appear in standard MLS data. Ryan works with appraisers experienced in Boca's waterfront market specifically.
Super-Jumbo transactions benefit from early engagement. Let’s have a confidential conversation about your property and financial profile.
Originally from Harrisburg, Pennsylvania, I moved to Phoenix to attend Arizona State University and have proudly called Phoenix home ever since.
My journey into the mortgage industry began with a friend’s encouragement, who saw how my energy and people-first mindset could make a difference. He was right — I found my calling.
I’ve always embraced what makes me different. With ADHD as my secret weapon, I thrive in fast-paced, detail-heavy environments. I’ve built my career on clear communication, creative problem-solving, and putting clients first, always.
Outside of work, my greatest motivation is my wife and three amazing kids. I’d be honored to help guide you through your lending journey with care, clarity, and commitment.
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