B
oca Raton’s 2989 Spanish River Rd. is now listed for $27.5 million, a steep rise from the $7 million purchase price paid in 2020 by aviation entrepreneur Sal Calvino and his wife Karen. The 12,000‑sq‑ft estate sits on 0.69 acres and boasts 200 feet of Intracoastal frontage.
Built in 2002, the gated property features six bedrooms, nine baths, four powder rooms, and a spacious layout that blends a main house with a two‑bedroom guest house. The main residence is anchored by a chef’s kitchen with a six‑person breakfast bar, vaulted ceilings, French doors, a skylight, and hardwood floors. A chandelier hangs over the classic staircase, and a home office offers panoramic water views. The guest house includes its own chef’s kitchen, living area, private entrance, and garage, connected by a dramatic double‑height “club room.”
Outdoor amenities are equally impressive: landscaped grounds with mature trees, a Zen garden, a pool with spa and fountain, covered entertaining areas, a dock, a 24,000‑lb boat lift, and a five‑car garage. The estate’s interior and exterior spaces are designed for seamless indoor‑outdoor living and entertaining.
The property’s history adds a touch of celebrity. It was once owned and commissioned by Diana King, mother of Oprah Winfrey, who reportedly visited the home during her mother’s ownership. King acquired the house in 2003 after CBS bought her father’s syndication company, King World Productions. Since then, the estate has undergone extensive renovations and is described as “turn‑key” by brokers Nicholas Gonzalez and Matthew John Moser of Serhant.
The Calvinos first listed the home at $24.9 million in 2023, then reduced the price to $19.5 million in 2024. Local market conditions have since driven the asking price up to $27.5 million, reflecting the strong demand for waterfront properties in the Boca Raton area.
