Cannabis billionaire buys waterfront Boca mansion for $14M

Boris Jordan & 1175 Spanish River Road, Boca Raton (Getty, Florema)

Boris Jordan & 1175 Spanish River Road, Boca Raton (Getty, Florema)

Russian-American billionaire and businessman Boris Jordan paid $14 million for a waterfront mansion in Boca Raton.  

Jordan, executive chairman of the cannabis company Curaleaf, bought the home at 1175 Spanish River Road from Richard Tarlow, a veteran advertising executive in New York, property records show. 

Curaleaf has 93 dispensaries in the U.S., and Jordan’s net worth is $1.7 billion, according to Forbes. 

The property was listed for nearly $11 million, and an adjacent lot was also being offered for a total of $14.5 million, according to the listing. Premier Estate Properties had the listing. 

Tarlow paid $9.2 million for the property in 2016.  

https://therealdeal.com/miami/2016/03/11/new-york-advertising-exec-picks-up-boca-spec-manse-for-9-2m/

The 8,303-square-foot mansion fronts the Intracoastal Waterway and was built by homebuilder J.H. Norman and architect George Brewer in 2015. Marc Michael designed the interiors. 

The two-story house has five bedrooms, six full bathrooms, two half-bathrooms and a pool.

Recent closings in Boca Raton https://therealdeal.com/miami/tag/boca-raton/ include the $6 million sale of a spec home to a pharmaceutical executive. The managing director of a private equity firm also recently paid $12.8 million for a spec mansion in Boca. 

https://therealdeal.com/miami/2020/11/16/pharmaceutical-cfo-buys-boca-raton-spec-home-for-6m/  

https://therealdeal.com/miami/2020/11/20/private-equity-bigwig-buys-boca-raton-spec-mansion-for-13m/

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