Illustrated Properties Announces Marketing of Custom Homes on Boca Raton’s ‘Banana Patch’ Land

Alicia Lammersdorf

Boca Raton, FL - Illustrated Properties Agent Alicia Lammersdorf is the exclusive broker of the Paraiso Estates waterfront site in Boca Raton.

Lammersdorf, on behalf of renowned Boca Raton-based homebuilder Leonard Albanese & Sons Builders, is offering buyers the rare opportunity to build grand custom estates on land with a rich history that includes prior ownership by Henry Flagler and George Morikami.

Known by many as the “Banana Patch” land because of its use as a sprawling garden for the popular fruit and various exotic plants, the 1.77-acre site has room to accommodate the construction of a five-home compound. The estates are expected to vary in size, starting at 5,500 square feet.

 Asking prices for the individual estates range from $3.8 million to $5.8 million.

With more than a city block of water frontage along Boca Raton’s deepest canal, the Paraiso Estates site is the longest piece of privately owned waterfront land in the city. For luxury homeowners seeking privacy, the land is only accessible through three private gates. Boating enthusiasts can take advantage of the ability to dock yachts of up to 150 feet long.

George Morikami

“There is truly nothing else like Paraiso Estates in Boca Raton,” said Lammersdorf. “The builders behind this project have an unparalleled reputation in the marketplace. They will build gorgeous transitional/modern-style smart homes while preserving the site’s lush landscaping, flora and fauna. A “green home” package is available and encouraged on this special site.

The site has changed hands only a few times in Florida’s history, starting with its original owner Flagler. Morikami, who late in life donated land that eventually became the Morikami Museum and Japanese Gardens to Palm Beach County, purchased the site from Flagler’s Model Land Company in 1911.

Shortly after acquiring the site, Morikami sold it to another Japanese settler: Hideo Kobayashi. The Kobayashi family were farmers who kept the land until the late 1970s, when they sold it to the Olson’s, a married couple who continued the farming tradition. 

The Olson’s specialized in growing more than 30 kinds of banana plants, selling some plants to Disney World, SeaWorld and Busch Gardens, among other destinations.

 For a complete copy of the company’s news release, please contact:

Ashley Fierman

Account Executive, BoardroomPR

afierman@boardroompr.com

O 954-370-8999

C 954-330-1554

Bank of America Plaza | 1776 N. Pine Island Road

Suite 320 | Plantation, FL 33322