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6/17/24, 1:01 PM

Exclusive | Daren Metropoulos Pays $148 Million for Palm Beach Estate - WSJ

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EXCLUSIVE

LUXURY HOMES

A 40-Year-Old Investor Collects Luxury Homes.

His Latest Addition: a $148 Million Palm Beach Estate Daren Metropoulos, who bought the former Playboy Mansion in 2016, paid cash for a 10-bedroom, roughly 23,000-square-foot Mediterranean Revival-style home

By E.B. Solomont

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June 17, 2024 12:15 pm ET

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The owner of Los Angeles’ former Playboy Mansion has paid $148 million for a new play space: an oceanfront estate in Palm Beach, Fla. Forty-year-old investor Daren Metropoulos paid all cash in an off-market deal for the home, which was designed around 1919 by noted architect Addison Mizner, a spokesperson for Metropoulos said. The seller of the roughly 3.2-acre property was the family of the late Canadian businessman William Pencer, who died in 2021, records show.

In a statement, Metropoulos said the property is one of Palm Beach’s “most storied architectural treasures.”

“I am pleased to carry on the tradition of conserving this gem as a true sanctuary and ensuring its classic charm and sophistication continues to endure,” he said.

The Pencer family couldn’t immediately be reached for comment. William and his wife, Ida Pencer, purchased the home for $12.1 million in 2003, property records show.

Known as Casa Amado, the roughly 23,000-square-foot, Mediterranean Revival-style house has 10 bedrooms, a gym and a movie room, according to Metropoulos’ spokesperson. Outside, https://www.wsj.com/real-estate/luxury-homes/palm-beach-estate-sells-for-148-million-cash-97fce1a8?mod=real-estate_lead_story

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6/17/24, 1:01 PM

Exclusive | Daren Metropoulos Pays $148 Million for Palm Beach Estate - WSJ

the property has about 225 feet of ocean frontage with a beach cabana, pool, pool cabana and tennis court.

The house was built for Charles A. Munn, an entrepreneur and prominent member of Palm Beach society, in a similar style to his brother’s house next door, which was also designed by Mizner, according to the 2020 book “An Illustrated History of Palm Beach.”

The Pencers spent years renovating the property, but in 2007 the house was damaged by fire after being struck by lightning, according to court documents related to a subsequent insurance claim.

Around 2008, the Pencers restored the Daren Metropoulos is co-owner of the bottledwater company BlueTriton Brands. PHOTO: DAREN METROPOULOS

property again.

Jim McCann of Premier Estate Properties represented the seller. Christian Angle of Christian

Angle Real Estate represented the buyer.

Metropoulos is a principal at private-equity firm Metropoulos & Co. Started by his father, C. Dean Metropoulos, the firm has invested in brands including Hostess, Pabst Brewing and Utz. The younger Metropoulos is a co-owner of BlueTriton Brands, a bottled-water company based in Stamford, Conn.

He is also an avid collector of luxury homes in New York City, Miami Beach, Hawaii and Martha’s Vineyard. In 2016, he bought the Playboy Mansion for $100 million, a then-record sum for L.A. In 2018, Metropoulos was a producer on Quentin Tarantino’s “Once Upon a Time in Hollywood,” for which several scenes were shot at the mansion. He has since renovated the property extensively.

With extremely limited inventory, Palm Beach real-estate values have skyrocketed over the past few years. Recent big-ticket home sales include Australian businessman Michael Dorrell’s purchase of Tarpon Island, a roughly 2.3-acre private island, for $150 million in May.

https://www.wsj.com/real-estate/luxury-homes/palm-beach-estate-sells-for-148-million-cash-97fce1a8?mod=real-estate_lead_story

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6/17/24, 1:01 PM

Exclusive | Daren Metropoulos Pays $148 Million for Palm Beach Estate - WSJ

The Palm Beach sales record was set last year, when car dealership owner Michael Cantanucci and his wife, Kimberly Cantanucci, paid $170 million for a nearly 1.6-acre estate on North County Road.

Write to E.B. Solomont at eb.solomont@wsj.com

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5/22/24, 11:51 AM

Lake lot in Palm Beach brings $50M, same price as in last year's sale

REAL-ESTATE

Palm Beach vacant lot on lake sells for $50 million, exactly what it fetched last year Seller and longtime Nvidia board member Harvey C. Jones had planned to build a custom home on the lot at 940 N. Lake Way but instead bought a Palm Beach house nearby.

Darrell Hofheinz Palm Beach Daily News Published 10:25 a.m. ET May 22, 2024

Updated 11:26 a.m. ET May 22, 2024

Having bought a house he plans to renovate, Harvey Cooper Jones has sold a vacant lakefront lot nearby for $50 million, the same price he paid for it more than a year ago on the North End of Palm Beach.

The lot at 940 N. Lake Way measures four-fifths of an acre with wide views of the Intracoastal Waterway across 128 feet of water frontage. The property has water deep enough to accommodate a 130-foot yacht, and the concrete dock has two boat lifts.

Jones — an investor, entrepreneur and avid sailor who has lived in Palm Beach since 2018 — originally planned to build a house on the land he just sold, he previously told the Palm Beach Daily News.

The buyer was a Delaware-registered limited liability company named after the property’s address, the deed recorded May 22 shows. Because of Delaware’s strict corporate privacy laws, no other information about the buyer was immediately available in public records.

The Palm Beach Daily News is the first media outlet to report the sale.

Jones bought the property on North Lake Way in July 2023 for a recorded $50 million and then razed a renovated 1970s-era house that stood on it.

But his plans changed. In March, he paid a recorded $74.25 million for a lakefront house at 740 Hi Mount Road, just around the corner from his home on Ridgeview Drive.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/05/22/lake-lot-in-palm-beach-brings-50m-same-price-as-in-last-years-sale/737…

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5/22/24, 11:51 AM

Lake lot in Palm Beach brings $50M, same price as in last year's sale

Jones had fully expected to build a custom home on the North Lake Way property — until, that is, the opportunity arose to buy and renovate the 1990s-era house on Hi Mount Road, he said in March. With Mediterranean-style architecture and cascading gardens, the house stands on one of the highest points in Palm Beach.

“I’ve got no regrets,” he previously told the Palm Beach Daily News, describing the North Lake Way lot “as a magnificent property.”

He added: "I was ready to build a new (house), but renovation is more suited to how I operate."

In a brief statement given to the Palm Beach Daily News May 22, Jones declined to discuss specifics of the deal or identify anyone associated with the buyer’s side. But he did say he is sure the buyer will build “a beautiful new home” on the property.

Jones sold the lot on North Lake Way as trustee of a living trust in his name.

The land is the fourth lot north of the Palm Beach Country Club and is separated from the waterway by the Lake Trail bicycle-and-pedestrian path.

Broker Christian Angle of Christian Angle Real Estate represented the buyer’s side of the sale.

Sotheby’s International Realty agents Todd and Frances Peter listed the lot for sale at $59 million in late November and dropped the price to $55 million in early February. The sale closed May 21, according to the Palm Beach Board of Realtors Multiple Listing Service.

The Peters declined to comment about the sale, and Angle could not immediately be reached.

The Peters also represented Jones’ interests when he bought the house on Hi Mount Road from Candida “Candy" Burnap,” the widow of the late venture capitalist Bartlett Burnap. The Burnaps built the house as a custom home.

Jones is managing partner of Square Wave Ventures, a private venture investment firm. His résumé also includes longtime service on the board of Nvidia, a company in Santa Clara, California that designs and sells technology and microchip systems used in artificialintelligence applications. That company has seen its stock price skyrocket since 2022. Before moving to Palm Beach, Jones had deep ties to California.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/05/22/lake-lot-in-palm-beach-brings-50m-same-price-as-in-last-years-sale/737…

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5/22/24, 11:51 AM

Lake lot in Palm Beach brings $50M, same price as in last year's sale

The lot on North Lake Way lies a little less than a mile north of the house Jones’ trust owns at 300 Ridgeview Road. He has that home, which he shares with fiancée Robin Gillen, listed as his primary residence in the latest Palm Beach County tax rolls.

He also has a home in Nantucket, Massachusetts.

Jones razed house on Palm Beach lot after buying it in 2023 Jones bought the property on North Lake Way from the estate of the late wine-and-liquor distributor James “Jimmy” V. Tigani II, who had owned it since 2002 through a Delawareregistered company named Century Wines & Spirits Inc. Tigani shared the since-razed Palm Beach Regency-style house — built in 1974 — with his partner of 26 years, Corcoran Group real estate agent Mark Bennett. Bennett handled the seller’s side when Jones bought the property last year, negotiating opposite the Peters.

The Peters’ sales listing described the lot as being in a “prime location” that provides “the perfect haven for maritime enthusiasts” to build a “dream home,” thanks to its relatively deep water. Such properties are in short supply on the island, not just because of the topography but also owing to the tight inventory for waterfront homes.

The buyer has immediate access to the Lake Trail from the property. Access to the ocean on the opposite side of the island is between Sandpiper and Eden roads.

The house Jones bought on Hi Mount Road has two main floors, a full basement, six bedrooms and 15,487 square feet of living space, inside and out, property records show. The house overlooks about 160 feet of lake frontage with a dock.

Agents Ashley McIntosh and Chris Leavitt of Douglas Elliman Real Estate worked to facilitate the seller’s side of the Hi Mount Road deal, McIntosh previously confirmed to the Palm Beach Daily News. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/05/22/lake-lot-in-palm-beach-brings-50m-same-price-as-in-last-years-sale/737…

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6/4/24, 11:18 AM

Lakefront house near historic Palm Beach church sells for nearly $50M

REAL-ESTATE

Rare lakeside house in Midtown Palm Beach brings $49.6 million on Chapel Hill Road A limited liability company bought the house at 315 Chapel Hill Road, which was built in 1987 and faces about 200 feet of frontage on the Intracoastal Waterway.

Darrell Hofheinz Palm Beach Daily News Published 10:31 a.m. ET June 4, 2024

Updated 10:43 a.m. ET June 4, 2024

A rare-to-the-market lakefront house in Midtown Palm Beach has changed hands for a recorded $49.6 million, sold by the estate and children of the late industrialist and entrepreneur William “Bill” E. Flaherty.

Next door to the historic Royal Poinciana Chapel, the property at 315 Chapel Hill Road had been listed for sale since October at $59 million.

The new owner is a Delaware-registered limited liability company named Ocean Breezes 2, according to the deed recorded June 4. Public records show the company is managed by real estate attorney Francis X. Lynch of the law office of Sniffen & Spellman on Olive Avenue in West Palm Beach.

As manager of Ocean Breezes 2, Lynch signed a $25-million mortgage document tied to the Chapel Hill Road property and based on a loan from Comerica Bank. The mortgage was recorded simultaneously with the deed.

Lynch did not immediately respond to a request for comment left at his office. Because of Delaware’s strict corporate privacy laws, no other information about the buyer was immediately available in public records.

Built in 1987, the house and its adjacent guesthouse are one of only a dozen single-family estates fronting the Intracoastal Waterway between the Flagler Memorial Bridge and the Royal Park Bridge. https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/04/lakefront-house-near-historic-palm-beach-church-sells-for-nearly-50-milli…

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6/4/24, 11:18 AM

Lakefront house near historic Palm Beach church sells for nearly $50M

Facing about 200 feet of lakefront, the buildings look west to the Lake Trail walking path and downtown West Palm Beach across the water. The double lot measures four-fifths of an acre and includes a narrow strip of land on the west side of the walking path.

With Beach Regency-style architecture, the five-bedroom house and three-bedroom guesthouse have a combined 6,438 square feet of living space, inside and out.

The estate is at the end of a short cul-de-sac that inclines toward the lake from Cocoanut Row and borders the grounds of the chapel – a position that gives Chapel Hill Road its name.

The proximity to the church and its gardens also provides the house’s family room with a dramatic view of the chapel’s grand kapok tree, a familiar sight to pedestrians on the Lake Trail.

Broker Christian Angle of Christian Angle Real Estate handled both sides of the sale, which closed May 31, according to the Palm Beach Board of Realtors Multiple Listing Service.

Angle declined to comment about the property. But his sales listing described the estate as offering “spectacular sunset, Intracoastal and downtown views.”

Flaherty, who divided his time between Palm Beach and Remsenburg, N.Y., died May 8, 2023, at 90.

The Chapel Hill Road property was sold by Flaherty’s daughter, Anne Marie Flaherty-Shea of of New York City; and his son, Brian E. Flaherty, whose wife, Christina Ann Flaherty joined him on the deed. Flaherty-Shea and her brother acted “individually” in the sale and served as personal co-trustees of a trust in their father’s name and as personal representatives of his estate, the deed shows. Brian and Christina Ann Flaherty’s address was listed on the deed in care of the EisnerAmper Family Office in West Palm Beach.

Also on the seller’s side was Rosemary Ryan Degrado of Greenwich, Connecticut, who acted as a personal representative of William Flaherty’s estate.

William Flaherty and his then-wife, Clementina “Tina” Santi Flaherty, paid a grand total of $3.4 million for the house and the adjacent lot to the south 1989 and 1990, property records indicate. The couple, who also had a home in New York City, divorced in 2008, court records show.

Through Reynolds Aluminum, Bill Flaherty helped introduce the metal as a production material to the U.S. automobile industry in the 1970s, according to his obituary. He later https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/04/lakefront-house-near-historic-palm-beach-church-sells-for-nearly-50-milli…

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6/4/24, 11:18 AM

Lakefront house near historic Palm Beach church sells for nearly $50M

founded Horsehead Industries, which became the country’s largest producer of zinc, and the company later acquired Great Lakes Carbon, which held a similar claim for carbon. Flaherty also helped pioneer a new process for recycling zinc dust.

Among the main house’s features are high ceilings and a grandly proportioned living room with a fireplace, Angle’s sales listing said. The layout also includes a formal dining room, and the family room has a wet bar.

The grounds are landscaped with mature tropical foliage surrounding terraces, the pool and the whirlpool spa.

The one-story house and guesthouse have architectural signatures of the Palm Beach Regency style, including triangular pediments, clean-lined silhouettes, porches with classical columns, and flat roofs with decorative finials at the roofline.

The house was last on the market in 2011 with a price of $17.91 million, but the listing expired before the property sold, the MLS shows.

The Midtown location puts the house in relatively close proximity to shopping and dining venues on Royal Poinciana Way, South County Road and Worth Avenue.

Houses on Chapel Hill Road rarely enter the market. But in November, another Palm Beach Regency-style house on a dry lot at 309 Chapel Hill Road sold for a recorded $15.5 million. In that deal, Angle represented the buyer, Ryan Wilson, and the two trusts for which he served as trustee. Broker Linda Olsson of Linda R. Olsson Realtor represented Robert G. Dettmer, who sold the four-bedroom house built in 1981 at 309 Chapel Hill Road with 5,050 total square feet.

Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/04/lakefront-house-near-historic-palm-beach-church-sells-for-nearly-50-milli…

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4/9/24, 9:54 AM

Estate of late developer Fineberg sells W. Palm Beach condo for $28M

REAL-ESTATE

Estate of late Boston developer Fineberg sells Bristol condo in W. Palm Beach for $28M The late Gerald S. Fineberg's penthouse at The Bristol on the South Flagler Drive waterfront overlooks Palm Beach. The deal set a new building record for a single condo sale.

Darrell Hofheinz Palm Beach Daily News Published 6:33 p.m. ET April 5, 2024

Updated 10:27 p.m. ET April 5, 2024

A penthouse that just changed hands for about $28 million has set a new building price record for a single-condominium sale at The Bristol, the ultra-luxury tower on the West Palm Beach waterfront at the foot of the Royal Park Bridge to Palm Beach.

An ownership company affiliated with a trust in the name of the late Gerald S. Fineberg was on the seller’s side of Penthouse 23S at 1100 S. Flagler Drive, the deed recorded March 5 shows. Fineberg was a Boston real estate developer, hotelier and art collector.

The price documented with the deed was $27.99 million.

On the buyer’s side was the Bristol 2302 Trust, for which West Palm Beach real estate attorney Maura Ziska serves as trustee. She declined to comment about the sale, and no other information about the trust was immediately available in public records.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/04/05/estate-of-late-developer-fineberg-sells-w-palm-beach-condo-at-bristol-for…

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4/9/24, 9:54 AM

Estate of late developer Fineberg sells W. Palm Beach condo for $28M

The six-bedroom penthouse is one of only two apartments on The Bristol’s designated 23rd floor. On the south side of the building, the penthouse slices through the building east to west, offering panoramic views of the Intracoastal Waterway, Palm Beach, the Atlantic Ocean and West Palm Beach.

The apartment has 12,053 square feet of living space, inside and on its balcony.

Based on that measurement and the recorded price, the buyer paid $2,322 per square foot.

The apartment was sold by Bristol 2302 LLC, a Florida limited liability company, the deed shows. Boston attorney Lydia G. Chesnick signed the deed as co-trustee of the Gerald S. Fineberg 2011 Trust, which manages the company that sold the penthouse.

The Bristol’s developer sold a different Fineberg-related company the penthouse for a recorded $17.57 million in Feburary 2019, property records show.

Fineberg died in December 2022. In June 2023, his widow, Sandra Fineberg, took part in a transaction that transferred ownership to the company that just sold the penthouse, according to courthouse records.

In the sale recorded April 5, the listing broker was Christian Angle of Christian Angle Real Estate. He declined to comment about the transaction.

Angle’s sales listing described the apartment as “perfect for entertaining” with an “oversized living room and dining room with large wet bar.

In addition to the well-equipped kitchen, the apartment has a second catering kitchen. The layout also features a waterfront “owner’s suite,” a home office and a family room.

Agent Suzanne Frisbie of the Corcoran Group represented the buyer. She also declined to discuss the transaction.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/04/05/estate-of-late-developer-fineberg-sells-w-palm-beach-condo-at-bristol-for…

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4/9/24, 9:54 AM

Estate of late developer Fineberg sells W. Palm Beach condo for $28M

Gerald Fineberg invested in residential and commercial properties in greater Boston through The Fineberg Cos., according to his obituary. He also founded Fine Hotels Corp., which owned and sold hotels in New England.

An avid art collector, Fineberg served on the board of Rose Art Museum in Waltham, Massachusetts, and helped build its contemporary art collection.

In May, selections from his personal art collection were sold for a reported $197 million through Christie’s in New York City.

Photographs that accompanied Angle’s sales listing showed colorful contemporarystyle art on the walls.

When the Bristol was completed in 2019 with 24 residential floors, it set a new standard in luxury for condos in West Palm Beach. The building has been home to many of the most expensive condos ever sold in the city, property records show.

The Bristol’s amenities include two spas, a hair salon, a gym, a club lounge, a lakeside swimming pool and a dog run. The building offers 24-hour door staff along with concierge and car services.

The previous sale-price record for a single-condo sale in The Bristol was $21 million, which was set in January 2023 when investments executive Robert A. Garvy and his wife, Carol, sold No. 1901 on the 19th floor to John J. Nelson, who acted as trustee of a living trust in his name. Douglas Elliman agent Samantha Curry represented the sellers in that deal and negotiated opposite agent Stephen Hall of Compass Florida.

The most expensive transaction in the building, however, involved the simultaneous sale of two unfinished penthouses on the top floor in March 2019 for a recorded $42.56 million. In that sale, the late beauty-and-hair products maven Sydell Miller bought the apartments from the building’s developer.

Miller then combined the two apartments into one penthouse. Agent Stephen Ploof of Linda A. Gary Real Estate represented Miller in the sale. Curry was the lead https://www.palmbeachdailynews.com/story/business/real-estate/2024/04/05/estate-of-late-developer-fineberg-sells-w-palm-beach-condo-at-bristol-for…

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4/9/24, 9:54 AM

Estate of late developer Fineberg sells W. Palm Beach condo for $28M

agent for the developer and had worked with her Elliman colleagues Chris Leavitt and Marisela Cotilla to market the two units, which had been listed separately in the multiple listing service.

The Bristol was developed by Gene Golub of Chicago's Golub and Co. and Al Adelson. * This is a developing story. Check back for updates. * * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island.

Emaildhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/04/05/estate-of-late-developer-fineberg-sells-w-palm-beach-condo-at-bristol-for…

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6/17/24, 4:55 PM

Longtime lakeside home of Fisher family brings $27M in Palm Beach

REAL-ESTATE

Lakeside 1970s house with deep-water dock brings $27 million on Palm Beach's North End. House at 1010 N. Lake Way was longtime home of the late Betty Jane Fisher and her late husband, auto-parts mogul Alfred Joseph Fisher Jr. Darrell Hofheinz Palm Beach Daily News Published 4:33 p.m. ET June 17, 2024

Updated 4:49 p.m. ET June 17, 2024

Owned by the Fisher family since it was built in the late 1970s, a lakefront house on the North End of Palm Beach has sold for about $27 million, courthouse records show.

The five-bedroom house occupies a half-acre lot with about 110 feet of deep-water frontage at 1010 N. Lake Way. With a dock in the waterway, the house has two levels and 5,088 square feet of living space, inside and out.

A trust named after the property’s address was on the buyer’s side of the sale, the deed recorded June 17 shows. Estate-planning attorney Stephanie E. Heilborn, a partner at Proskauer Rose in New York City, serves as trustee. She could not be immediately reached for comment. Because of privacy rules governing trusts, no other information about the buyer was immediately available in public records.

The house was for years the home of the late Betty Jane Fisher, who died at 100 in November 2022, and her late husband, Alfred J. “A.J.” Fisher Jr., who died in 2012 at 91. He cofounded, founded and ran several Detroit auto-parts manufacturing companies, including Alrowa Metal Co., General Safety Corp. and Fisher Dynamics Corp.

The Fishers bought the property for $850,000 in 1977, the year the house was completed, property records show.

The priced recorded with the deed for the sale that closed June 14 was $27.063 million.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/17/longtime-lakeside-home-of-fisher-family-brings-27-million-in-palm-beach/…

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6/17/24, 4:55 PM

Longtime lakeside home of Fisher family brings $27M in Palm Beach

The deed shows the seller to be Alfred J. Fisher III, one of the Fishers’ four children, who acted as trustee of a trust in his name and of trusts in his siblings names — Judith Fisher Knudson, Christine Fisher Grow and Michael R. Fisher.

The late Fishers had Michigan ties to Grosse Pointe and Harbor Springs, but the Palm Beach house had been their primary residence, according to property records.

The property is familiar to many drivers on North Lake Way because of the four sizable topiary trees — trimmed to resemble lollypops — planted between the two driveway entrances. The house stands near the intersection of Garden Road and North Lake Way. Broker Lawrence Moens of Lawrence A. Moens Associates had acquired the listing in early March and priced the property at $31.5 million, the multiple listing service shows.

On the buyer’s side was broker Christian Angle of Christian Angle Real Estate.

The property had been listed at $38 million in early January 2023 by another agency, although that price eventually dropped to $34.5 million, acording to MLS records.

The house was built by the late developer Robert Gottfried. The architecture reflects his signature Palm Beach Regency style, with a crisp silhouette and classical elements, including decorative urns at the roofline.

Photographs of the interiors show clean-lined rooms with high ceilings that look out to the lakefront swimming pool and the dock. On the opposite side of the waterway, the view includes yachts anchored at the Safe Harbor Rybovich Marina in Riviera Beach.

The interior layout also includes an eat-in kitchen with a work island, a paneled library with a fireplace, a formal dining room, and a two-car garage.

The sale is one of five lakefront properties to sell in Palm Beach since the beginning of May. Those deals included: a newly renovated-and-expanded mansion at 10 Tarpon Island, the town’s only private island, which changed hands for a recorded $150 million; a vacant lakefront lot at 940 N. Lake Way, which sold for a recorded $50 million; a 1987 lakefront house with a guesthouse at 315 Chapel Hill Road, which fetched a recorded $39.6 million; and a lakefront estate built in 2007 at 10 Via Vizcaya, which sold for a recoded $39 million.

The MLS shows two other Palm Beach lakefront houses are under contract: An extensively renovated home with an asking price of $57.85 million at 200 Via Palma in the Estate

https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/17/longtime-lakeside-home-of-fisher-family-brings-27-million-in-palm-beach/…

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6/17/24, 4:55 PM

Longtime lakeside home of Fisher family brings $27M in Palm Beach

Section; and a never-lived in house at 584 Island Drive on Everglades Island with an asking price of $34 million.

Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/17/longtime-lakeside-home-of-fisher-family-brings-27-million-in-palm-beach/…

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6/18/24, 11:11 AM

Palm Beach house linked to former diplomat sells twice in about a year

REAL-ESTATE

Palm Beach house linked to former ambassador sells a year after it changed hands Company tied to former Ambassador to Tanzania Michael Retzer Sr. resells Palm Beach house at 130 Cocoanut Row for $16.85 million. The house last changed hands for $16.2 million in 2023.

Darrell Hofheinz Palm Beach Daily News Published 5:05 a.m. ET June 18, 2024

Updated 10:38 a.m. ET June 18, 2024

After owning a 1920s-era house for about a year in Midtown Palm Beach, a company affiliated with Mississippi businessman and former Ambassador to Tanzania Michael Retzer Sr. has sold the six-bedroom property for a recorded $16.85 million.

The house at 130 Cocoanut Row has now changed hands three times since the tail end of 2020.

The Retzer-controlled limited liability company, 130 Cocoanut Row LLC, bought the property in June 2022 for a recorded $16.2 million in an off-market deal. It had previously sold in December 2020 for a recorded $9.285 million.

The deed for the most recent sale was recorded June 17 and lists the Canadian buyer as “Cocoanut Row LP, an Ontario Limited Partnership,” with a mailing address at a house at 122 Forest Hill Road in Toronto.

Featuring a second-floor veranda, the modified Monterey-style house stands on a lot of about a third of an acre. The property is at the corner of Via Sunny, a lake-block street about a third-of-a-mile north of Royal Poinciana Way, the major east-west thoroughfare in Midtown.

The house has 7,106 square feet of living space, inside and out, according to the sales listing.

The two-car garage has a second-floor guest apartment..

https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/18/palm-beach-house-linked-to-former-diplomat-sells-twice-in-about-a-year/…

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6/18/24, 11:11 AM

Palm Beach house linked to former diplomat sells twice in about a year

Retzer’s ownership company has a mailing address in care of the office of Retzer & Retzer in Greenville, Mississippi. Over the years, that company has been affiliated with a number of business ventures, including the ownership of McDonald’s fast-food restaurant franchises in several states.

Retzer served as ambassador to Tanzania from 2005 to 2007 during former President George W. Bush’s administration. Many former U.S. ambassadors have bought and sold homes in Palm Beach over the years, courthouse records show.

Broker Christian Angle of Christian Angle Real Estate held the listing and had the property priced at $17.95 million. He also represented the buyer’s side of last year’s sale.

Broker Linda Olsson and agent Jennifer Beqaj of Linda R. Olsson Inc. acted for the buyer in the most recent transaction.

Angle declined to comment about the transaction. Olsson couldn't be reached.

The house had been significantly renovated by the sellers who parted with the house in 2021 — Hinda Snyder and husband John G. Snyder, a commercial and multifamily real estate businessman. The residence was then refreshed after it was purchased in 2022 by powerhouse marketing-and-advertising executives Ashlee and Chris Clarke, according to people familiar with that transaction.

The house was built in 1928 and designed by Volk & Maass, the architectural firm of the late partners and noted society architects John L. Volk and Gustav Maass.

Interior features include a formal dining room, a gracefully curved staircase, a center-island kitchen, an expansive gallery hall and a formal living room with a fireplace, according to the sales listing. An enclosed loggia serves as a family room, while the outdoor-entertainment areas include a saltwater pool and an awning- covered patio.

In the 2023 sale, agent Jim McCann of Premier Estate Properties represented the sellers, who bought a house on nearby Clarke Avenue.

When the house sold in 2021, Angle was the listing broker and agent Elizabeth DeWoody of Compass Florida handled the buyer’s side.

Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real

https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/18/palm-beach-house-linked-to-former-diplomat-sells-twice-in-about-a-year/…

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3/14/24, 11:08 AM

Palm Beach house sells for $13.9M, a jump of $2.55M since 2021

REAL-ESTATE

Designer-renovated 1950s-era house fetches $13.9 million on North End of Palm Beach Boca Raton woman buys updated mid-century-modern house at 272 Via Marila, which was previously renovated by interior decorator Caroline Rafferty.

Darrell Hofheinz Palm Beach Daily News Published 3:21 p.m. ET March 13, 2024

Updated 3:57 p.m. ET March 13, 2024

After a sluggish start to the New Year, the North End of Palm Beach has been abuzz over the past several weeks with real estate activity, including a sale just recorded at $13.9 million for an extensively renovated house built in the late 1950s at 272 Via Marila.

Melissa Wight was the buyer, according to the deed recorded Wednesday. She has a home in the Royal Palm Yacht & Country Club in Boca Raton, the document shows.

On the seller’s side of the Via Marila deal was a trust named after the property’s address, for which Palm Beach real estate attorney Guy Rabideau serves as trustee.

He declined to comment about the sale, and because of rules governing trusts, no other information about anyone associated with the trust was available in public records.

The seller bought the already-renovated 1959 house in May 2021 for a $11.35 million, property records show. The house just changed hands for $2.55 million more than the price recorded in that deal. https://www.palmbeachdailynews.com/story/business/real-estate/2024/03/13/palm-beach-house-sells-for-nearly-14-million-jumping-more-than-2m-in-v…

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Palm Beach house sells for $13.9M, a jump of $2.55M since 2021

The mid-century modern-style house has five bedrooms and 6,333 square feet of living space, inside and out. It stands on a lot of about two-fifths of an acre, several streets north of the Palm Beach Country Club and a few houses east of North Lake Way. In the 2021 deal, the 272 Via Marila Trust bought the house from investments adviser Nicholas K. Rafferty and his wife, Palm Beach interior decorator Caroline Rafferty, who had overseen a major renovation of the property.

Among its features, the house has a well-equipped kitchen — described in the most recent sales listing as “the heart of the home” — with an oversize work island and top-of-the-line appliances. The kitchen overlooks an outdoor dining space near the pool.

The layout also includes a library and a wet bar. The master bedroom has its own sitting room and two closets. A second-floor space has been used as a gym but could double as a guest bedroom, according to the sales listing.

In the 2021 sale, Douglas Elliman Real Estate agents Ashley McIntosh and Chris Leavitt represented the trust that bought the house from the Raffertys. The same agents returned to list the property for sale last June.

Broker Christian Angle of Christian Angle Real Estate acted on behalf of the buyer in the most recent sale. He knew the house well, having represented the Raffertys when they sold it nearly three years ago.

Melissa Wight and Angle could not immediately be reached for comment about the sale on Via Marila.

The latest Palm Beach County tax rolls show Wight and Russell B. Wright Jr. have their Boca Raton house homesteaded as their primary residence. He is a businessman and real estate entrepreneur with ties to New Jersey, according to a brief biographical sketch on the website for The Wight Foundation, a Newarkbased charitable organization. https://www.palmbeachdailynews.com/story/business/real-estate/2024/03/13/palm-beach-house-sells-for-nearly-14-million-jumping-more-than-2m-in-v…

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Palm Beach house sells for $13.9M, a jump of $2.55M since 2021

A 2002 deed shows Melissa and Russell Wight were married when they bought the property in Boca Raton.

The house on Via Marila originally carried a price of $19.5 million, which dropped to $16.45 million in October before settling at $15.45 million in January, the multiple listing service shows.

The property landed under contract on Feb. 26, and the deal closed less than two weeks later, according to the MLS. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island.

Emaildhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/03/13/palm-beach-house-sells-for-nearly-14-million-jumping-more-than-2m-in-v…

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5/21/24, 12:19 PM

Palm Beach's only private island sells for a record $152M

11 REAL ESTATE

Palm Beach’s only private island sells for a record $152M

By Mary K. Jacob Published May 20, 2024, 1:23 p.m. ET

11

Palm Beach's only private island has sold for a record $152 million.

Daniel Petroni

In a groundbreaking transaction, the sale of Tarpon Island for a sky-high $152 million has set a new record for lakefront properties in Palm Beach, Florida.

This deal, involving the town’s only private island and its recently renovated mega-mansion, was officially recorded on Friday under the address 10 Tarpon Isle.

This sale marks the highest price ever paid in Palm Beach for a property on the Intracoastal Waterway without additional ocean frontage. Although the buyer’s identity remains undisclosed, local sources told the Palm Beach Daily News, which broke news of the transaction, that the new owner has already taken up residence in the sprawling estate.

Privacy - Terms

https://nypost.com/2024/05/20/real-estate/palm-beachs-only-private-island-sells-for-a-record-152m/

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5/21/24, 12:19 PM

Palm Beach's only private island sells for a record $152M

16

The pool opens out to water views.

Daniel Petroni

16

The sun room.

Daniel Petroni

https://nypost.com/2024/05/20/real-estate/palm-beachs-only-private-island-sells-for-a-record-152m/

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4/4/24, 1:08 PM

Tommy Hilfiger sells one of his 2 Palm Beach homes for more than $25M

REAL-ESTATE

Tommy Hilfiger sells one of his two Palm Beach homes for $28M, MLS shows The Mediterranean-style house at 313 Dunbar Road was remodeled by Hilfiger and his wife, Dee Ocleppo Hilfiger, and faces the lakefront on the near North End. Darrell Hofheinz Palm Beach Daily News Published 11:13 a.m. ET April 4, 2024

Updated 11:43 a.m. ET April 4, 2024

Fashion designer Tommy Hilfiger and his wife have sold, for $28 million, a lakefront house they renovated in Palm Beach, according to an updated sales listing in the Palm Beach Board of Realtors Multiple Listing Service. The couple still own a larger ocean-to-lake estate across town where they reside when they are in Palm Beach.

The Palm Beach Daily News is the first media outlet to report the sale of the house at 313 Dunbar Road, which has 100 feet of Intracoastal Waterway frontage on the near North End. The house has three bedrooms and 6,175 square feet of living space, inside and out, the sales listing says. The lot measures about a third of an acre with a dock and nearby access to the Lake Trail walking-and-bicycling path.

Hilfiger and Dee Ocleppo Hilfiger, his fashion-designer wife, used their ownership company to buy the Mediterranean-style residence for a recorded $21 million in May 2021. The couple then updated the 2006 house with brighter, more modernstyle interiors featuring light woods and fine finishes, Tommy Hilfiger told the Palm Beach Daily News in December. https://www.palmbeachdailynews.com/story/business/real-estate/2024/04/04/tommy-hilfiger-sells-one-of-his-2-palm-beach-homes-for-more-than-25m/…

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Tommy Hilfiger sells one of his 2 Palm Beach homes for more than $25M

"We felt that it was dark and dated, so we wanted to brighten it and modernize it," he told the Daily News. "It was in need of an update, so we did that and simplified the design and the décor."

He added: "We did a complete redecoration and updated some of the mechanicals."

A deed for the sale had not been recorded as of mid-morning April 4, so the buyer’s identity was not yet available in public records. It was also unclear if the sale price reported in the MLS would match the one expected to record at the Palm Beach County Courthouse.

The Hilfigers lived in the Dunbar Road house while they completed a major renovation of their sea-to-lake estate across town on South Ocean Boulevard.

“Our home on 313 Dunbar Road is an absolute gem,” Tommy Hilfiger previously told the Daily News. “We truly enjoyed being on the lake so close to town.

However, after a three-year renovation on our South Ocean Boulevard home, we are now enjoying a different experience living lake-to-ocean.”

The Dunbar Road was priced at $35.9 million when it sold, down from the original price it carried of $39.7 million when it entered the market in September 2022.

Broker Christian Angle of Christian Angle Real Estate held the listing. Agent Gary Pohrer of Douglas Elliman Real Estate represented the buyer, the MLS shows.

The two agents and Tommy Hilfiger could not immediately be reached for comment.

Angle also handled both sides of the transaction when the Hilfigers bought the Dunbar Road property.

The Hilfigers worked with interior designer Martyn Lawrence Bullard on their update of the house they just relisted for sale.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/04/04/tommy-hilfiger-sells-one-of-his-2-palm-beach-homes-for-more-than-25m/…

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Tommy Hilfiger sells one of his 2 Palm Beach homes for more than $25M

The house on Dunbar Road has a formal living room with a pecky-cypress ceiling and a coral-stone fireplace. The primary bedroom suite has two bathrooms, a sitting room and a pair of lakeview balconies.

An interior open-air courtyard has a fireplace, while an arcaded loggia offers views of the lap pool and the Intracoastal Waterway beyond.

"We loved its Mediterranean vibe and its coral-stone columns, the pecky-cypress ceilings, the courtyard with the fountain — and of course, it was perched upon the lake with a beautiful dock," he says. "It was a great house. We miss it," Tommy Hilfiger previously told the Palm Beach Daily News.

Hilfigers have an ocean-to-lake estate on Palm Beach's Billionaires Row A Hilfiger-controlled company owns the couple’s ocean-to-lake property on the stretch of South Ocean Boulevard known to locals as Billionaires Row. The Hilfigers embarked on their renovation of that property at 1930 S. Ocean Blvd. after buying it for $46.25 million in July 2021. The estate once was the home of media mogul Conrad Black.

The Hilfigers have been active players in buying and selling Palm Beach real estate over the past couple of years.

Last May, a Hilfiger-controlled company flipped, for $41.38 million, a landmarked house it had bought a few months before for just under $37 million at 930 S. Ocean Blvd. in the Estate section. On the buyer’s side was West Palm Beach real estate attorney Maura Ziska, who acted as trustee of the 930 S. Ocean Trust.

Broker Lawrence Moens of Lawrence A. Moens handled both sides of the May sale of the Mediterranean-style house, which has an ocean view.

In March 2022, a Hilfiger-controlled company sold Fox News host Bret Baier and his wife, Amy, a three-bedroom house at 244 Fairview Road for a recorded $12 million. The Hilfiger company had bought the Bermuda-style house new for a https://www.palmbeachdailynews.com/story/business/real-estate/2024/04/04/tommy-hilfiger-sells-one-of-his-2-palm-beach-homes-for-more-than-25m/…

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Tommy Hilfiger sells one of his 2 Palm Beach homes for more than $25M

recorded $9 million in March 2021. The Baiers have since sold the Fairview Road house.

Tommy Hilfiger founded his eponymous company in 1985 and built it into a fashion and lifestyle empire with a focus on casual, American style. He sold the company in 2006 and it changed hands again four years later, when it became part of Phillips-Van Heusen. Hilfiger remains the company’s principal designer.

His wife has designed handbags and other accessories for her eponymous label.

HILFIGERS BUY HOUSE ON DUNBAR ROAD: Fashion designer Tommy Hilfiger, wife buy second multi-million dollar home on Palm Beach BIG FLIP IN PALM BEACH: Tommy Hilfiger flips Palm Beach house for $41.38M. How much did he make on the deal? dhofheinz@pbdailynews.com * Portions appeared previously in the Palm Beach Daily News. This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz.

Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/04/04/tommy-hilfiger-sells-one-of-his-2-palm-beach-homes-for-more-than-25m/…

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5/31/24, 1:39 PM

United States Top Real Estate Agents by Volume - RealTrends

Top Agents in the United States – Individuals

By Volume  Download the Rankings

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Ben Caballero

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HomesUSA.com, Inc.

Dallas, TX

https://www.realtrends.com/ranking/best-real-estate-agents-united-states/individuals-by-volume/

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$3,638,950,694

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United States Top Real Estate Agents by Volume - RealTrends

▲ Rank Rank Full Name Volume Company ▼ – National ▼

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2

Shaun Osher

CORE Group Real Estate

New York, NY

$942,238,957

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Alexa Lambert

Compass

Manhattan, NY

$923,676,714

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3

Ralph M Harvey III

ListWithfreedom.co m

Boynton Beach, FL

$826,461,740

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4

Christian Angle

Christian Angle Real Estate

Palm Beach, FL

$804,599,700

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5

Steven Koleno

Exit Strategy Realty

Chicago, IL

$683,821,764

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6

Tracy Campion

Campion and Company

Boston, MA

$593,144,875

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7

Ginger Glass

Compass

Beverly Hills, CA

$593,008,584

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8

Thomas Ullrich

RE/MAX Professionals

Englewood, CO

$554,265,021

View Profile

9

Carrie Wells

Coldwell Banker Mason Morse

Aspen, CO

$533,838,310

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10

Dina Goldentayer

Douglas Elliman

Miami, FL

$511,839,710

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11

Jonathan Minerick

homecoin.com

San Diego, CA

$473,847,651

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12

Cathy Franklin

Corcoran

New York, NY

$464,470,468

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5/31/24, 1:39 PM

United States Top Real Estate Agents by Volume - RealTrends

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13

Chris Cortazzo

Compass

Malibu, CA

$449,539,500

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Jade Mills

Coldwell Banker Realty

Beverly Hills, CA

$337,227,446

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Keri Nicholas

Parc Agency

Menlo Park, CA

$329,878,000

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Deborah Kern

Corcoran

New York, NY

$327,279,248

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Tony Nabhan

Keller Williams

Fort Lee, NJ

$318,945,688

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Dana Koch

Corcoran

Palm Beach, FL

$314,890,725

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Alex Perry

Allie Beth Allman & Associates

Dallas, TX

$314,000,000

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REAL ESTATE NEWS RealTrends Verified top agents and teams found success in a tight housing market May 31, 2024 By Tracey Velt

Low inventory? No problem. RealTrends Verified agents and teams were only slightly down from previous years in transaction sides and volume.

https://www.realtrends.com/ranking/best-real-estate-agents-united-states/individuals-by-volume/

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6/18/24, 11:12 AM

UPDATE: Palm Beach landmarked house sells for reported $148 million

REAL-ESTATE

UPDATE: Sale of landmarked house reportedly hits $148 million in Palm Beach At 455 N. County Road, beachfront Amado was designed by Addison Mizner and restored by the Pencer family, who sold it.

Darrell Hofheinz Palm Beach Daily News Published 9:07 a.m. ET June 17, 2024

Updated 9:06 a.m. ET June 18, 2024

Editor’s note: This story has been updated to include information about the closed sale of 455 N. County Road and reported information about the buyer and the sale price. * The sale of the landmarked Palm Beach estate known as Amado in Palm Beach has closed for a price reported at $148 million.

The Palm Beach Daily News was the first media outlet to report, on the morning of June 17, that a sale was in the works for the off-market transaction at 455 N. County Road on the stretch of North End coastal road dubbed “Billionaire’s Row.” The sale closed in the afternoon, people familiar with the transaction told the Palm Beach Daily News.

The new owner of the 3.2-acre oceanfront estate is Daren Metropoulos, the Wall Street Journal reported later in the afternoon. Metropoulos is a principal at Metropoulos & Co., the private equity firm founded by his billionaire father, C. Dean Metropoulos, who also owns a home in Palm Beach.

Daren Metropoulos is described on the company's website as having worked in the family business “acquiring, transforming and enhancing the value of iconic American and European brands.” He also is heavily involved in running Blue Triton Brands, which the website describes as America’s biggest privately owned bottled-water company.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/17/palm-beach-house-could-sell-for-as-much-as-160-million-sources-say/74…

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UPDATE: Palm Beach landmarked house sells for reported $148 million

Among Daren Metropoulos' other residential real estate holdings is the former Playboy Mansion in Los Angeles, the Journal reported, which changed hands in 2016 for $100 million.

A deed for the Palm Beach sale had not been posted as of 5 p.m. June 17, so its unclear if the reported price will match the one expected to be recorded by the Palm Beach County Clerk's office.

Originally designed by noted Palm Beach architect Addison Mizner, the estate at 455 N. County Road had most recently owned by the family of the late Canadian businessman and real estate investor William Pencer, courthouse records show. He died at 82 in October 2021, leaving behind wife Ida Pencer and three sons.

William Pencer was behind the entity that bought the estate in disrepair for $12.1 million in 2003, courthouse records show. The Pencers embarked on an extensive renovation, only to be forced to start the work over again after a 2007 lightning strike sparked a fire that gutted the mostly redone interior.

The house has six bedrooms and 22,741 square feet of living space, inside and on its outdoor areas, property records show. On the western half of the property, an outbuilding separates the tennis court from the swimming pool. To the east, an expansive motor court fronts the main facade of the house. With terraces and loggias, the rear faces a lawn that stretches toward about 220 feet of direct beachfront with a cabana.

Agent Jim McCann of Premier Estate Properties represented the seller in the deal, he confirmed, but declined to comment about the transaction. The Pencer family also declined to comment, McCann said.

Broker Christian Angle of Christian Angle Real Estate, who acted for the buyer, also declined to comment.

Dean Metropoulos and his spokesperson could not immediately be reached.

The Palm Beach Daily News originally reported that the sale price could reach as high as $160 million.

Built in 1919 with Spanish-inspired architecture, the house was among the first Palm Beach residences designed by Mizner, who helped popularize the Mediterranean Revival style on the island. https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/17/palm-beach-house-could-sell-for-as-much-as-160-million-sources-say/74…

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UPDATE: Palm Beach landmarked house sells for reported $148 million

Mizner’s clients were Charles A. Munn Jr. and his first wife, Mary Astor Paul Munn. In the 1950s, Munn and his second wife, Dorothy Spreckels Munn, frequently entertained at the residence. His popularity and personal style earned him the nickname “Mr. Palm Beach.”

A designation report prepared for the Landmarks Preservation Commission describes Amado as “a classical example of the Mediterranean Revival style with its U-shaped design and multi-leveled roof line.” The house was among the projects that “helped establish Mizner as the premier architect on the (Palm Beach) during the early 1920s.”

The original house was later expanded by the firm of another noted Palm Beach architect, Maurice Fatio, records show.

The estate is just south of two houses built for Charles Munn’s brother, the late Gurnee Munn, one of which today is the landmarked home — known as Louwana — of celebrity heart surgeon Dr. Mehmet Oz and his wife, Lisa.

A Florida limited liability company named 123 LLC — controlled by William Pencer — in September 2003 paid a recorded $12.1 million for Amado, which lies about eight-tenths of a mile north of The Breakers resort’s golf course.

In September 2023, ownership was transferred by one of William Pencer’s sons, Richard Pencer — as manager of 123 LLC — to a Canadian limited partnership named 3160 Daulac Real Estate Partnership with a Quebec address, property records show.

Members of the Pencer family for years ran the family business, Toronto-based Cott Corp.’s soft-drink private-brand bottling operations and distribution network. The company did business in Canada, the United States and elsewhere, according to published reports. In its later years, the company was run by William Pencer’s late brother, Gerald Pencer, before it was sold in 1988.

William Pencer also was involved with companies that invested in Canadian real estate projects. His sons Gary, Richard and Max Pencer also are linked to companies that deal in real estate development, asset-management and investment, according to public records.

The town granted Amado landmark protection in 1980, the same year Charles Munn died.

The exteriors of town landmarks cannot be significantly changed without the consent of the Landmarks Preservation Commission.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/17/palm-beach-house-could-sell-for-as-much-as-160-million-sources-say/74…

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6/18/24, 11:12 AM

UPDATE: Palm Beach landmarked house sells for reported $148 million

The renovation that was finally completed by William Pencer and his wife was overseen, in part, by New York City interior designer David Easton, as detailed in a 2014 article in Architectural Digest. With the approval of the town, the project moved Mizner’s original front entrance from the north side of the house to the west. The re-do also reworked the original floor plan.

Many of the rooms have views of the ocean. With a coffered ceiling, the living room has French doors topped by fanlights. Other first-floor rooms include a dining room, a family room and a “baronial library,” as Architectural Digest described it. The bedrooms are upstairs.

Landscape architect John Lang of Lang Design Group handled plans for the grounds.

The Pencer family bought the house from an entity controlled by Jayne S. Malfitano, whose father was the late Harcourt Sylvester Jr. He initially provided financing for a group that purchased the house from the Munn family in 2000 for a recorded $14 million, records show. At that time, a renovation project was planned but was abandoned in 2002, courthouse records show.

In 2003, Malfitano — on behalf of her father’s interests — sought, unsuccessfully, to have the town revoke the property’s landmark status, town records show.

The sale means the Pencer family might save money on their Canadian tax bill. The country's capital gains tax is expected to increase from 50% to nearly 67% in the proposed 2024 budget. The increase would apply to any qualifying sale that closes June 25 or later.

If the sale records at $148 million, it would be the fourth-highest single-property residential transaction ever in Palm Beach.

The priciest single-property residential real estate ever closed in Palm Beach took place last year — an off-market sale reported at $170 million for an oceanfront estate at 589 N. County Road, about a third-of-a-mile north of the Pencer estate. The ownership transfer of that property was structured so that the sale price was never documented at the courthouse, but it was confirmed for the Palm Beach Daily News by sources familiar with the deal.

The sale of 589 N. County Road beat the record set a month earlier with the private sale, recorded at $155 million, for the estate of the late conservative radio host Rush Limbaugh at 1495 N. Ocean Blvd.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/17/palm-beach-house-could-sell-for-as-much-as-160-million-sources-say/74…

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6/18/24, 11:12 AM

UPDATE: Palm Beach landmarked house sells for reported $148 million

In May, a renovated-and-expanded historic mansion fetched a recorded $150 million at 10 Tarpon Island. It was the sole residence on Palm Beach’s only private island, and the deal set a sale-price record for a lakefront property in town.

The most expensive single-property residential sale in Florida closed at $173 million in 2022 for an ocean-to-lake estate at 2000 S. Ocean Blvd. in Manalapan, the wealthy town south of Palm Beach. In all, 22.44 acres changed hands in that deal. * This is a developing story. Check back for any updates.

Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/06/17/palm-beach-house-could-sell-for-as-much-as-160-million-sources-say/74…

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7/17/23, 8:37 AM

Couple who paid about $170M for mansion has sold other Palm Beach home

REAL-ESTATE

Couple who paid about $170 million for Palm Beach mansion has sold other home across town Car dealer Michael Cantanucci and wife Kimberly part with 240 Clarke Ave. in Midtown for $32.375 million, the price first reported in the MLS. Darrell Hofheinz Palm Beach Daily News Published 6:04 a.m. ET July 17, 2023

Updated 8:31 a.m. ET July 17, 2023

Said to have set a new residential sales record in Palm Beach three months ago when they paid around $170 million for a North End oceanfront mansion, luxury car dealer Michael Cantanucci and his wife, Kimberly, have now sold their awardwinning home across town on Clarke Avenue for $32.375 million.

Or so it appears from the updated sales listing for the house at 240 Clarke Ave., which the Cantanuccis bought in 2014 through an ownership company for a price recorded at about $12.9 million.

The Clarke Avenue sale closed Friday, the multiple listing shows.

The house on Clarke Avenue has five bedrooms and 7,140 square feet of living space, inside and out, according to the property records and the multiple listing service. Completed in 2009, it won the Palm Beach Preservation Foundation’s Schuler Award for excellence in new architecture in 2012.

A deed for the sale had not been recorded Friday, so the identity of the buyer wasn’t yet available in public records. It was also unclear if the price expected to be

https://www.palmbeachdailynews.com/story/business/real-estate/2023/07/17/florida-real-estate-couple-who-paid-about-170m-for-mansion-has-sold-ot…

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recorded by the Palm Beach County Clerk’s office would match the one reported in the multiple listing service with the closed listing.

Property records show the house on Clarke Avenue was owned by a Delawareregistered limited liability company named KMC Property Holdings. The initials in the company’s name match those of the Cantanuccis.

The Cantanuccis were widely reported to have been the buyers in April of a beachfront mansion at 589 N. County Road, which was sold by Green Mountain/Keurig coffee tycoon Robert Stiller and his wife, Christine. The sales price for that record-setting deal was not documented in courthouse records because of the way the private sale was structured. But the Palm Beach Daily News confirmed that the mansion traded at about $170 million.

RECORD-SETTING DEAL IN PALM BEACH: Palm Beach oceanfront home sells for around $170 million, beating previous record by millions Broker Christian Angle of Christian Angle Real Estate acted on behalf of the buyers on North County Road.

Angle also held the listing for the house on Clarke Avenue. He represented the buyer in its sale as well, according to the MLS. Angle listed the Clarke Avenue house in late March at $34.95 million and had it under contract by the middle of April, the MLS shows.

Angle and the Cantanuccis could not be reached for comment.

Palm Beach house on Clarke Avenue features Mediterranean-style architecture Michael Cantanucci’s New Country Motor Car Group and its divisions own Mercedes-Benz, Maserati, Ferrari, Porsche and other luxury-car dealerships and accident-repair centers in Florida, Connecticut, New York, Maryland and Pennsylvania. https://www.palmbeachdailynews.com/story/business/real-estate/2023/07/17/florida-real-estate-couple-who-paid-about-170m-for-mansion-has-sold-ot…

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Headquartered in Saratoga Springs, New York, the company’s Florida portfolio includes Ferrari, Mercedes and Maserati dealerships in West Palm Beach; a Mercedes dealership in North Palm Beach and a Ferrari dealership in Naples on the west coast.

The house on Clarke Avenue is the fifth property west of South County Road and stands on a lot measuring two-fifths of an acre. It was designed in a clean-lined, Mediterranean style by Smith Architectural Group’s principal architect, Jeffery Smith, who is the chairman of the Palm Beach Architectural Commission.

Built by Davis General Contracting, the house has elaborate millwork, detailed cypress ceilings and floors of hardwood and stone, according to Angle’s listing, which described the layout as “perfect for entertaining.” The floorplan includes a formal dining room and a generously proportioned living room with a fireplace.

The wood-paneled library — with built-in cabinetry and a marble fireplace — leads to a wet bar and wine room.

French doors in several of the public rooms open to the pool patio or access the poolside loggia.

The well-equipped kitchen has high-end appliances, a breakfast nook and a nearby butler's pantry. And the primary suite offers three walk-in closets, two en-suite baths and a terrace overlooking the pool.

Other features include an outdoor fireplace, a whirlpool spa, front motor court and a two-car garage accessed by a service drive.

The Cantanuccis’ ownership company bought the Clarke Avenue house from retired communications mogul and private-equity specialist Jeff Marcus and his wife, Nicola, who built it as custom home.

Jeff Marcus commissioned the house shortly before he became engaged to his wife, who helped oversee the project, he told the Palm Beach Daily News is 2012.

“We really wanted a house where we could live in every room — a home that would work well when just the two of us were here or when we had house guests or dinner

https://www.palmbeachdailynews.com/story/business/real-estate/2023/07/17/florida-real-estate-couple-who-paid-about-170m-for-mansion-has-sold-ot…

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Couple who paid about $170M for mansion has sold other Palm Beach home

guests,” Jeff Marcus said.

After selling the house nine years ago, the Marcuses bought a beachfront estate on North Ocean Boulevard, which they sold three years ago to an ownership company linked to rocker Jon Bon Jovi and his wife, Dorothea Hurley.

April sale around $170 million likely the second-highest ever in Florida When The Wall Street Journal covered the Cantanuccis’ purchase on North County Road in April, the newspaper reported that the couple had sold an apartment at 220 Central Park South in New York City “for just over $40 million in 2021 and are buying an over-$50 million unit at 111 West 57th Street.”

In the record-setting sale on North County Road, broker Lawrence Moens of Lawrence A. Moens Associates acted on behalf of the Stillers. Moens, Angle and their clients have not commented publicly about the sale on North County Road.

The North County Road sale is likely the second-highest in the state, following the June 2022 purchase of a Manalapan estate by software billionaire Larry Ellison of Oracle Corp for a recorded $173 million.

The previous sale price record in Palm Beach was set in March when the estate of the late Rush Limbaugh sold for a recorded $155 million. A company linked to cosmetics billionaire William P. Lauder bought the former Limbaugh estate, which comprises three separate parcels, including the main house at 1495 N. Ocean Blvd.

Robert Stiller co-founded and is the former CEO of the Keurig Green Mountain coffee empire. The company today is known as Keurig Dr Pepper Inc. Shortly after parting with the house on North County Road, the Stillers used an ownership company to pay a recorded $66 million for a lakefront house at 1350 N. Lake Way in Palm Beach. That house was sold by a company associated with resort-and-casino billionaire Steve Wynn and his wife, Andrea Hissom Wynn, who had renovated it for resale. Moens handled both sides of the North Lake way deal. https://www.palmbeachdailynews.com/story/business/real-estate/2023/07/17/florida-real-estate-couple-who-paid-about-170m-for-mansion-has-sold-ot…

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DOWNSIZING IN PALM BEACH: Couple who sold Palm Beach home for about $170 million buys another for $66 million * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/07/17/florida-real-estate-couple-who-paid-about-170m-for-mansion-has-sold-ot…

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8/4/23, 2:52 PM

Fox's Bret Bair buys Palm Beach house for $37 million near the ocean

REAL-ESTATE

Fox's Bret Baier buys Palm Beach house for $37 million in private deal Fox News host Bret Baier just bought a house at 125 Wells Road for a recorded $37 million; he has his other home in town listed at about $16.5 million.

Darrell Hofheinz Palm Beach Daily News Published 2:12 p.m. ET Aug. 4, 2023

Updated 2:38 p.m. ET Aug. 4, 2023

Fox News’ host Bret Baier appears to be upsizing in Palm Beach, having just paid a recorded $37 million for an ocean-block house on Wells Road. The house is about a mile away from the smaller home Baier and his wife, Amy, bought early last year from fashion designer and real estate investor Tommy Hilfiger Baier bought the house at 125 Wells Road as trustee of a trust in his full name, William B. Baier, according to the deed recorded Friday for the off-market sale.

Baier purchased the house on Wells Road from longtime Palm Beach resident Roberta Weiner, whose husband is Boston real estate developer Stephen R. Weiner. He founded S.R Weiner & Associates and co-founded WS Development and Weiner Ventures.

Roberta Weiner sold the house “individually” and as trustee of the 125 Wells Road Land Trust, the deed says.

Bret Baier hosts Fox News’ “Special Report with Bret Baier” and is the news division’s chief political anchor. Before that, he was the network's chief White House correspondent and Pentagon correspondent.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/08/04/foxs-bret-bair-buys-palm-beach-house-for-37-million-near-the-ocean/705…

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Fox's Bret Bair buys Palm Beach house for $37 million near the ocean

Built in 1992, the house Baier just bought had not changed hands since 2013, when it sold for recorded $10.95 million, property records show. After their purchase, the Weiners extensively renovated the house, records show.

The Wells Road house has five bedrooms and 7,798 square feet of living space, inside and out, property records shows. That’s about 2,300 square feet larger than the house the Baiers bought for a recorded $12 million from Hilfiger’s ownership company in early 2022 at 244 Fairview Road. The Baiers have the Fairview Road house, which was completed in 2021, listed for sale at $16.495 million.

The house on Wells Road was developed by the late developer Robert Gottfried in his signature Palm Beach Regency style on a lot measuring about three-fifths of an acre. On the near North End, the house is the fourth property west of the beach on a street about a half-mile north of The Breakers golf course.

A previous sales listing shows the house on Wells Road has many of the classically inspired architectural signatures of Gottfried-built houses, including a clean-lined silhouette and a front porch with columns supporting a triangular pediment.

The two-story residence has generously proportioned rooms with 14-foot ceilings, multiple windows and large expanses of glass doors fitted with impact-resistant glass. The layout includes formal living and dining rooms, a family room, a library and an exercise room, according to the previous sales listing, which noted that rooms are appointed with custom moldings and millwork. The expansive primarybedroom suite has two bathrooms.

A covered loggia faces the back yard and the 40-by-20-foot swimming pool, which is set amid formal landscaping.

Broker Christian Angle is said to have acted on behalf of Bret Baier in the Wells Road deal. Angle and Baier could not be immediately reach for commenyt.

Agents Dana Koch and Paulette Koch of the Corcoran Group handled the sellers’ side, according to sources familiar with the transaction. https://www.palmbeachdailynews.com/story/business/real-estate/2023/08/04/foxs-bret-bair-buys-palm-beach-house-for-37-million-near-the-ocean/705…

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Fox's Bret Bair buys Palm Beach house for $37 million near the ocean

ON THE MARKET IN PALM BEACH: Fox News' Bret Baier asking $16.5M for Palm Beach home he bought for $12M in 2022 Stephen Weiner has developed shopping centers, mixed-use projects and other real estate developments in the Boston area since the early 1980s.

Roberta Weiner bought the house on Wells Road from Carol Lee “Leezy” Sculley, who once shared with ex-husband John Sculley, a former CEO of Apple and a former chairman of Pepsico.

In September 2015, the Weiners set what was then a price record for an oceanfront condominium when they sold their renovated two-bedroom unit at 2 N. Breakers Row for a recorded $12 million to a Boston-based trust. In 2021, the trust sold that apartment — No. N-31, with 3,245 total square feet — for a recorded $12.08 million.

Angle holds the listing for the three-bedroom Bermuda-style house the Baiers are selling on Fairview Road. They bought it in February 2022 from a limited liability company controlled by Hilfiger and his wife, handbag designer Dee Ocleppo Hilfiger.

The Hilfigers had used a limited liability company named Villa Deniz LLC to buy the Fairview Road House house for a recorded $9 million in March 2021 when it was brand new. The Hilfigers, who have two other homes in Palm Beach, this year flipped, for a recorded $41.38 million, a landmarked estate they bought as an investment property on South Ocean Blvd.

The Bermuda-style, two-story house on Fairview Road has 4,970 square feet of living space, inside and out, records show. It stands on a lot of about a quarter-acre on a road bordering the south end of the Palm Beach Country Club.

Angle handled both sides of the 2021 deal when the Baiers bought the house on Fairview Road from the Hilfiger-controlled company. Angle listed it for sale in early June, the multiple listing service shows. https://www.palmbeachdailynews.com/story/business/real-estate/2023/08/04/foxs-bret-bair-buys-palm-beach-house-for-37-million-near-the-ocean/705…

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Fox's Bret Bair buys Palm Beach house for $37 million near the ocean

When Roberta Weiner bought the house on Wells Road in 2013, broker Linda Gary of Linda A. Gary Real Estate represented Roberta Weiner in the off-market deal.

Gary also handled both sides of the 2015 sale when the Weiners’ sold the Breakers Row apartment.

Gary previously had marketed the Wells Road house at $23 million but the listing was withdrawn from the MLS in March 2020, records show.

Baier isn’t the only Fox News host who owns property in Palm Beach. Conservative firebrand Sean Hannity owns a townhouse, which he bought for a recorded $5.3 million in April 2021, in the Residences at Sloan’s Curve on the South End. dhofheinz@pbdailynews.com BIG DEALS IN PALM BEACH: Couple who paid about $170 million for Palm Beach mansion has sold other home across town * This is a developing story. Check back for any updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/08/04/foxs-bret-bair-buys-palm-beach-house-for-37-million-near-the-ocean/705…

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1/16/24, 1:41 PM

Fox's Bret Bair sells 1 of his 2 Palm Beach homes for $13.5 million

REAL-ESTATE

Fox News' Bret Baier sells one of his two Palm Beach homes for $13.5 million, MLS shows Baier and his wife, Amy, had bought 244 Fairview Road for $12 million in 2022. They later bought another North End house for a recorded $37 million.

Darrell Hofheinz Palm Beach Daily News Published 10:30 a.m. ET Jan. 16, 2024

Updated 10:38 a.m. ET Jan. 16, 2024

Fox News’ political anchor Bret Baier and his wife, Amy, have sold — for $13.59 million —one of their two homes in Palm Beach, according to an updated sales listing in the multiple listing service.

The Baiers had owned the three-bedroom house at 244 Fairview Road on the North End since June 2022, when they paid a recorded $12 million for it. They bought it from a company linked to fashion designer Tommy Hilfiger.

It was the first house the Baiers owned in Palm Beach, property records indicated. They now own larger North End residence, which they bought for a recorded $37 million last August on Wells Road.

The house on Fairview Road has 4,970 square feet of living space, inside and out, with Bermuda-style architecture, records show. It stands on a lot of about a quarter-acre on a road bordering the south end of the Palm Beach Country Club.

The house initially carried an asking price of $16.495 million when it entered the market last June, the MLS shows. The price dropped to $15.9 million in October.

A deed had not been recorded for the Fairview Road sale as of early Tuesday morning, so the buyer’s identity wasn’t yet known. It was also unclear if the price reported in the MLS would match the one expected to be recorded at the Palm Beach County Courthouse.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/01/16/fox-news-anchor-bret-bair-sells-1-of-his-2-palm-beach-florida-homes-for-…

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Fox's Bret Bair sells 1 of his 2 Palm Beach homes for $13.5 million

FROM THE 2023 ARCHIVES: Fox's Bret Baier buys Palm Beach house on Wells Road for $37 million in private deal Bret Baier hosts Fox News’ “Special Report with Bret Baier” and is the network’s chief political anchor. Before that, he was the Fox News’ chief White House correspondent and Pentagon correspondent. Last week, he co-hosted three “town hall” candidate forums in Des Moines in advance of the Jan 15. Iowa Republican presidential caucuses.

Early this month, Bret Bair drew a sold out crowd in Palm Beach for a wide-ranging talk about the 2024 presidential race and world affairs at the Society of the Four Arts.

Broker Christian Angle of Christian Angle Real Estate handled both sides of the sale on Fairview Road, which closed Jan. 12, the MLS shows. Angle also represented both sides in the 2022 private transaction when the Baiers bought the property through revocable trusts in their names.

The house was developed on speculation and completed in 2021, records show. The Hilfigers had bought it new.

The Baiers couldn’t be reached for comment. Angle declined to discuss the transaction.

The two-story house has “perfectly scaled rooms, high ceilings, and stunning hardwood and marble flooring,” according to Angle’s sales listing. “South facing French doors allow for natural, sun-filled interiors.”

The formal living room has a fireplace, while the kitchen opens to the dining area and family room crowned with beamed ceilings. Upstairs are the primary suite and what Angle's listing described as a “loft/family/bonus room.” Outdoor amenities include a built-in grille and a covered loggia facing the pool.

BRET BAIER SPEAKS IN PALM BEACH: Fox News' Bret Baier says Trump's divisiveness could be key to 2024 presidential race Angle also represented the Baiers when they bought their house at 125 Wells Road last summer. With Palm Beach Regency-style architecture, it’s about a mile south of the one they just sold.

Records show the Wells Road house has five bedrooms and 7,798 square feet of living space, inside and out, or about 2,300 square feet more than the house the Baiers sold on Fairview Road. https://www.palmbeachdailynews.com/story/business/real-estate/2024/01/16/fox-news-anchor-bret-bair-sells-1-of-his-2-palm-beach-florida-homes-for-…

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Fox's Bret Bair sells 1 of his 2 Palm Beach homes for $13.5 million

Bret Baier bought the house on Wells Road as trustee of a trust, according to the deed recorded for the sale.

The seller on Wells Road was longtime resident Roberta Weiner, whose husband is Boston real estate developer Stephen R. Weiner. Among his business ventures he founded S.R. Weiner & Associates and co-founded Weiner Venture and WS Development. The latter company os affiliated with the management of Royal Poinciana Plaza shopping center in Palm Beach. Agents Paulette Koch and Dana Koch of the Corcoran Group handled the sellers’ side on Wells Road.

In December, the Architectural Commission approved a project to add new security gates and replace the front door at the Wells Road house.

Hilfiger and his wife, handbag designer Dee Ocleppo Hilfiger, had used a limited liability company named Villa Deniz LLC to buy the house on Fairview Road for a recorded $9 million in March 2021 when it was brand new. The Hilfigers own two other homes in Palm Beach. * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Emaildhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz.

https://www.palmbeachdailynews.com/story/business/real-estate/2024/01/16/fox-news-anchor-bret-bair-sells-1-of-his-2-palm-beach-florida-homes-for-…

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11/7/23, 8:30 AM

House on a rare hillside lot in Palm Beach sells for $15.5 million

REAL-ESTATE

Palm Beach house with high elevation on Chapel Hill Road in Midtown fetches $15.5 million The house at 309 Chapel Hill Road was built in 1981 by the late developer Robert Gottfried.

Darrell Hofheinz Palm Beach Daily News Published 5:33 a.m. ET Nov. 7, 2023

Updated 5:33 a.m. ET Nov. 7, 2023

A house on one of the highest points in Midtown Palm Beach has sold for $15.5 million, the price reported with the closed sales listing in the multiple listing service.

The four-bedroom house at 309 Chapel Hill Road was the home of Robert Dettmer and his late wife, Patricia.

A deed for the sale had not been recorded as of Monday, so the identity of the buyer was not yet available in public records. It was also unclear if the price reported in the MLS would match the one expected to record at the Palm Beach County Courthouse.

Built in 1981, the house has 5,050 square feet of living space, inside and out. It stands on a lot measuring about a third of an acre.

The property is on a tucked-away cul-de-sac bordered on the north by the Royal Poinciana Chapel. The short lake-block street traverses a hill that rises toward the waterfront from Cocoanut Row, an unusual topographical setting in Midtown.

“It’s very quiet and we are 15 feet above sea level," Robert Dettmer told the Palm Beach Daily News in July, shortly after he listed the house for sale at just under $16 million.

Higher elevations have become key selling points over the past several years in Palm Beach amid stiffer federal flood-plain regulations and buyers’ concerns about the possibility of flooding in an era of climate change and rising seas.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/11/07/florida-real-estate-house-on-a-rare-hillside-lot-in-palm-beach-sells-for-mo…

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The house was built by the late developer Robert Gottfried in his signature “Gottfried Regency” style. The architecture features a blend of classical elements with a symmetrical façade, pilasters and ball finials at the roofline.

The layout features an open-air courtyard with an awning-covered patio on one side of the main living area. On the other side is an enclosed loggia facing the pool.

READ MORE ABOUT THE HOUSE: Palm Beach Regency-style house on Chapel Hill Road listed at just under $16 million With ties to Greenwich, Connecticut, the Dettmers bought the house from the late interior designer Ann Downey for $4.53 million in 2010, according to property records.

Before his retirement in 1996, Robert Dettmer’s professional resume including longtime tenure as an executive with Pepsico, where his duties included serving as president of PepsiCola Bottling Group in Purchase, New York.

Patricia Dettmer was a former stock portfolio analyst and bond trader. She died at 90 on June 12.

Broker Linda R. Olsson of Linda Olsson Inc, Realtor, listed the house for sale in late June.

The house landed under contract in early October, and the sale closed Nov. 2.

The MLS shows the buyer’s side of the sale was handled by Christian Angle, broker at Christian Angle Real Estate.

The house twice had other contracts pending after it was listed but the deals fell through, the MLS shows.

Ceilings in most of the rooms rise 12 feet, and floors are finished in marble, hardwood and tile. Abundant windows and glass doors bring natural light into the interior, which features generously proportioned rooms.

ON THE MARKET IN PALM BEACH: Listed at $31.5 million, apartment sets a new asking-price record for a Palm Beach condo When they first saw the house, the Dettmers were impressed with its condition and Downey’s interiors, Dettmer recalled in July.

“It didn't need any construction work, and Ann helped us decorate the house — that was part of our deal,” he said. https://www.palmbeachdailynews.com/story/business/real-estate/2023/11/07/florida-real-estate-house-on-a-rare-hillside-lot-in-palm-beach-sells-for-mo…

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House on a rare hillside lot in Palm Beach sells for $15.5 million

Design details include a wood-burning fireplace in the living room and a wet bar off the foyer.

Bath fixtures throughout are by Sherle Wagner International.

Other selling points mentioned in the sales listing included an electrical connection to charge a Tesla, a full-house generator and electrically operated shutters.

Chapel Hill Road has only five houses and they rarely enter the market. But a lakeside house at 315 Chapel Hill Road, at the western terminus of the street, was recently listed by Angle at $59.5 million. * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/11/07/florida-real-estate-house-on-a-rare-hillside-lot-in-palm-beach-sells-for-mo…

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12/2/23, 10:14 AM

House sale on North End of Palm Beach tops $15 million. Here's why

REAL-ESTATE

Two generations of same Palm Beach family linked to home that just sold for $15.25 million The four-bedroom house at 156 Seagate Road was completed in 2017.

Darrell Hofheinz Palm Beach Daily News Published 4:53 p.m. ET Dec. 1, 2023

Updated 9:35 a.m. ET Dec. 2, 2023

The $15.25-million sale of a four-bedroom house on the North End’s Seagate Road has closed a real-estate chapter for an extended Palm Beach family with ties to Michigan.

The sellers — aircraft sales executive Michael W. McDonald Jr. and wife Megan Saur McDonald — bought 156 Seagate Road in October 2020 from her parents, Lisa and Mark Saur, via a deed recorded at $4.136 million.

The Saurs, in turn, had commissioned the “island-colonial”-style house, which was completed in 2017. When the Architectural Commission reviewed the plans for it, the panel learned that the Saurs intended to use the new residence as a guesthouse for their children on visits, town records show.

The Saurs, meanwhile, had built themselves an oceanfront home across town, where they still reside.

The Saurs deeded the house on Seagate Road to their daughter and son-in-law several months into the unexpected real estate boom in Palm Beach that followed the arrival of the coronavirus pandemic in March 2020. Palm Beach home prices climbed precipitously over the next two years to record highs. And although the housing rush appears to be over, overall prices haven’t yet receded, especially for newer, move-in ready homes such as the one on Seagate Road.

The “island colonial”-style house, is on the south side of the street. Its quarter-acre lot is the second one east of the Sailfish Club of Florida. https://www.palmbeachdailynews.com/story/business/real-estate/2023/12/01/florida-real-estate-house-sale-on-north-end-of-palm-beach-tops-15-millio…

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House sale on North End of Palm Beach tops $15 million. Here's why

The house has 4,450 square feet of living space, inside and out.

MORE PALM BEACH REAL ESTATE NEWS: Palm Beach home of 'This Old House' star Bob Vila enters the market at $52.9 million Broker Christian Angle of Christian Angle Real Estate represented the McDonalds in the justclosed deal, with agent Margit Brandt of Premier Estate Properties handling the buyer’s side.

Brandt declined to discuss the sale, and Angle could not be immediately reached for comment Friday.

The McDonalds and the Saurs also could not be reached.

The sale closed Thursday, the multiple listing shows, but a deed for the transaction had not been recorded as of Friday. That means the identity of anyone on the buyer’s side isn’t yet available in public records. It’s also unclear if the $15.25-million sale price reported in the MLS will match the one expected to be recorded by the Palm Beach County Clerk’s office.

Palm Beach home’s living room has vaulted ceiling, fireplace The sale came together quickly, the MLS shows. Angle listed the house at just under $17 million on Sept. 22 and had it under contract about two weeks later.

Angle also orchestrated the sale in 2014 when the Saurs bought the property on Seagate Road for about $1.64 million.

The McDonalds had their house homesteaded as their primary home in the latest tax rolls.

MAR-A-LAGO MISTAKE: Oops! Eric Trump denies Mar-a-Lago sold for $422 million; Zillow admits listing error Angle’s sales listing described the open floor plan, which includes a living room with a vaulted-and-beamed ceiling, a brick fireplace and wall-to-wall, pocket-style slidingglass doors. The dining room is near the kitchen, which features Bianco Superiore quartzite countertops and a work island with seating for five.

The primary bedroom suite is on the ground floor — a prime selling point for many buyers today — and features an office, built-in cabinetry and an “oversized bath and closet,” the listing said.

The two-car garage accesses a mudroom with a bench and built-in cabinetry. https://www.palmbeachdailynews.com/story/business/real-estate/2023/12/01/florida-real-estate-house-sale-on-north-end-of-palm-beach-tops-15-millio…

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12/2/23, 10:14 AM

House sale on North End of Palm Beach tops $15 million. Here's why

Facing the backyard, the open-air loggia has a vaulted ceiling and motorized screens to cover its openings. The outdoor amenity list includes a built-in grill, a shower, a whirlpool spa and a 40-foot pool.

Architect Roger Janssen of Dailey Janssen Architects designed the house. Benitz Building was the contractor.

Residents of Seagate Road have access to the neighborhood’s North Shore Beach Club, which includes a beach cabana with a dining area, a waterfront patio and hammock area.

Saurs’ custom home faces beach in Midtown Palm Beach Mark McDonald is a sales director for JetEffect, which buys and sells aircraft. The company has an office in Jupiter among its six locations across the country.

Fourth-generation fruit growers, the Saurs co-founded Old Orchard Brands, a Michiganbased fruit-juice company headquartered in Sparta near Grand Rapids. The company offers more than 100 varieties of bottled and frozen juice products, according to its website.

The Saurs’ Palm Beach residence is an island-colonial-style home they completed in 2014 on nearly an acre of oceanfront at 102 Seaview Ave. in Midtown. It was also designed by Janssen and built by Benitz Building.

Angle acted on the Saurs’ behalf when they bought the Seaview Avenue lot and an adjacent one for about $9 million in 2012 from Donald R. and Irene Dizney, who were represented by the agent Jim McCann, then of Corcoran Group but today with Premier Estate Properties.

FROM THE 2012 ARCHIVES: Saur trust pays nearly $9 million for oceanfront lots on Seaview Avenue * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Emaildhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz. https://www.palmbeachdailynews.com/story/business/real-estate/2023/12/01/florida-real-estate-house-sale-on-north-end-of-palm-beach-tops-15-millio…

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1/8/24, 10:20 AM

Palm Beach lakeside house on Ibis Isle fetches more than asking price

REAL-ESTATE

A 1980s-era lakeside house on Palm Beach's Ibis Isle fetches more than its asking price The house on the southwest corner of the small island on the South End had been in the same family since 1989 and had been marketed for its land value.

Darrell Hofheinz Palm Beach Daily News Published 9:37 a.m. ET Jan. 8, 2024

Updated 9:49 a.m. ET Jan. 8, 2024

With dramatic water views, a house standing on more than half an acre on the southwest point of Ibis Isle has sold in the South End of Palm Beach for $16.45 million — nearly $1 million more than its asking price, according to an updated sales listing in the local multiple listing service.

The five-bedroom house at 2308 Ibis Isle Road W. was listed at its land value for $15.5 million in the Palm Beach Board of Realtors Multiple Listing Service.

Bult in 1981 on a lot of three-fifths of an acre, the house had been in the same family since 1989, when the late Dr. Irving J. Sherman and his late wife, Florence, paid $1.55 million for it. Florence Sherman died Sept. 23 at 97. Her husband, to whom she was married for 56 years, died at 103 on Dec. 4, 2019.

A deed had not been recorded as of early Jan. 8, so it's unclear if the sale price reported in the MLS will match the one expected to be documented at the Palm Beach County Courthouse.

The buyer's identity also is not yet available in public records.

The contemporary-style house was last owned by the Shermans’ daughter, Andrea S. Barletta of Tolland, Connecticut, property records show. The house had not been previously marketed for sale since the Shermans bought it.

DOWN THE STREET ON IBIS ISLE: Photographyer Kelly Klein’s modern-style house on Ibis Isle earns architecture award https://www.palmbeachdailynews.com/story/business/real-estate/2024/01/08/palm-beach-lakeside-house-on-ibis-isle-fetches-more-than-asking-price/…

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1/8/24, 10:20 AM

Palm Beach lakeside house on Ibis Isle fetches more than asking price

Dr. Sherman was a retired neurosurgeon and his wife, a retired nursing manager. The couple had ties to New York and Connecticut.

The house has 7,307 square feet of living space, inside and out, of which 5,617 square feet is under airconditioning.

Broker Christian Angle of Christian Angle Real Estate listed the property Nov. 13 and had it under contract by Dec. 22, the MLS shows. The sale closed Jan. 4.

Angle had marketed the house in both the single-family and the land categories of the MLS. Agents Liza Pulitzer and Whitney McGurk of Brown Harris Stevens represented the buyer, according to the updated sales listing.

Neither Angle, Pulitzer or McGurk could be immediately reached for comment.

Angle's listing said the property as a “one-of-a-kind southwest-facing point lot” with wide views of the Intracoastal Waterway and the Palm Beach Par 3 golf course.

SEE TOMMY HILFIGER'S PALM BEACH HOUSE: 'We miss it' says Tommy Hilfiger about the Palm Beach house he is selling for $35.9M A short causeway connects Ibis Isle to the barrier island that comprises Palm Beach. The entrance to Ibis Isle is opposite Phipps Ocean Park.

The sales listing described the property an “excellent opportunity to renovate and make it your own or (to) start fresh and build new.”

The house's covered loggia faces a patio and a lakeside pool.

Ibis Isle was originally platted by the Phipps family in 1953 and developed with single-family residences, condominiums and townhouses. The south end of Ibis Isle, where the former Sherman house stands, was developed with houses, while the north end is anchored by two mid-rise towers. dhofheinz@pbdailynews.com * This is a developing story. Check back for updates. * https://www.palmbeachdailynews.com/story/business/real-estate/2024/01/08/palm-beach-lakeside-house-on-ibis-isle-fetches-more-than-asking-price/…

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12/21/23, 11:55 AM

Sale of Palm Beach condo, bought in unusual 2012 swap, tops $10M

REAL-ESTATE

On Palm Beach's Breakers Row, condo sells for $10.125 million; it was part of a 2012 swap The estate of the late Charlotte “Chris” Marden sells oceanfront Unit N-43 at 2 N. Breakers Row to a Delaware limited liability company.

Darrell Hofheinz Palm Beach Daily News Published 6:49 p.m. ET Dec. 20, 2023

Updated 9:45 p.m. ET Dec. 20, 2023

The estate of the late Charlotte M. “Chris” Marden has sold her direct-oceanfront condominium and its poolside cabana at Palm Beach’s 2 N. Breakers Row for a recorded $10.125 million.

The buyer of Unit N-43 was Capricorn Properties LLC, a Delaware-registered limited liability company, according to the deed. Because of Delaware’s strict corporate privacy laws, no other information about the buyer was immediately available in public records.

Marden, who died Oct. 26 at age 96, had acquired the apartment in 2012 through a rare condo swap in the building. In that off-market deal, investor and former investment banker Roy J. Zuckerberg paid Marden a recorded $9.85 million for her penthouse — and she, in turn, paid a recorded $4 million for the smaller condo he owned with his wife, Barbara.

The two-bedroom condo that just changed hands is immediately below the penthouse Roy Zuckerberg bought. The parties also traded cabanas in the 2012 deal.

FROM THE 2012 ARCHIVES: Breakers Row penthouse, apartment owners Marden, Zuckerberg trade spaces in Palm Beach James P. Marden signed the deed recorded Dec. 15 as the personal representative of his mother’s estate.

The listing placed by broker Lawrence Moens of Lawrence A. Moens Associates marketed the apartment as “a rare opportunity” to own a condo with “sweeping ocean views” and “ready https://www.palmbeachdailynews.com/story/business/real-estate/2023/12/20/florida-real-estate-sale-of-palm-beach-condo-bought-in-unusual-2012-sw…

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12/21/23, 11:55 AM

Sale of Palm Beach condo, bought in unusual 2012 swap, tops $10M

for immediate use.”

The condo has 3,131 square feet of living space, inside and on its covered terrace, according to its sales listing. Based on that measurement, the apartment sold for about $3,234 per square foot.

The apartment is on the southeast corner of the fourth floor of the five-story north building, one of the two buildings that comprise 2 N. Breakers Row. The buildings stand on land owned by The Breakers.

Broker Christian Angle of Christian Angle Real Estate acted for the buyer, the MLS shows.

Neither broker could be immediately reached for comment.

Marden was the widow of businessman, financier and private investor Bernard A. Marden, who died in 2010.

Moens handled both sides of the 2012 condo trade.

Many of the most expensive condos ever sold in Palm Beach are in 2 N. Breakers Row, which offers its residents white-glove concierge service. Residents also can order meals from The Breakers, contract for housekeeping services and take advantage of the resort’s facilities via a club membership. The condo development opened in 1986. * This is a developing story. Check back for any updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Emaildhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz

https://www.palmbeachdailynews.com/story/business/real-estate/2023/12/20/florida-real-estate-sale-of-palm-beach-condo-bought-in-unusual-2012-sw…

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8/4/23, 2:52 PM

New Palm Beach 'spec' house sells for millions. How much did it bring?

REAL-ESTATE

Appeal of the new: Just-finished house built on speculation fetches $16.9M in Palm Beach The just-completed house developed on speculation by Lee Fensterstock sold at 240 Mockingbird Trail on the North End of Palm Beach.

Darrell Hofheinz Palm Beach Daily News Published 5:38 p.m. ET Aug. 2, 2023

Updated 8:43 a.m. ET Aug. 3, 2023

Never-lived-in houses developed on speculation and priced below $18 million seldom last for long in Palm Beach, thanks to continuing market demand for move-in ready residences in this built-out town.

So it comes as no surprise that one such property — a just-completed two-story house at 240 Mockingbird Trail on the North End — has sold for a recorded $16.9 million.

Alan M. Sebulsky and his wife, Susan, bought the property, the deed recorded Wednesday shows.

Longtime Palm Beach real estate investor and resident Lee Fensterstock developed and sold the five-bedroom home through a Florida limited liability company named 240 Mockingbird LLC. It was unclear from property records whether any other investors were involved in the project.

With West Indies-inspired architecture, the house has 5,500 square feet of living space, inside and out.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/08/02/new-palm-beach-spec-house-sells-for-millions-how-much-did-it-bring/705…

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New Palm Beach 'spec' house sells for millions. How much did it bring?

The property is the second investment project Fensterstock has sold in Palm Beach this year. In April, he sold an investment house he renovated on Miraflores Drive for a recorded $13.15 million in a sale previously reported by the Palm Beach Daily News.

Fensterstock's longtime real estate agents, Paulette Koch and Dana Koch of the Corcoran Group, represented him in both sales.

Dana Koch, who declined to discuss the transactions, also declined to comment on behalf of Fensterstock.

Broker Christian Angle of Christian Angle Real Estate handled the buyer’s side of the deal on Mockingbird Trail. He declined to comment about the transaction, and the Sebulskys could not immediately be reached.

Deal after Palm Beach deal: Couple who paid about $170 million for Palm Beach mansion has sold other home across town A man by the name of Alan M. Sebulsky is a venture capitalist and investments adviser who has specialized in the health care industry. His resume includes tenure as managing partner of Apothecary Capital LLC, and as a portfolio manager at BBT Capital Management Advisors, according to online records.

The Corcoran agents listed the house on Mockingbird Trail for sale at just under $16 million in October 2021 and raised the price by $1 million to $16.995 million about three months later, the multiple listing service shows. That price held steady during construction, and the house landed under contract this past February.

The floorplan includes a great room with a dining area set into a bay window. The adjacent family room is open to the kitchen and accesses a poolside loggia. The primary bedroom's balcony overlooks the pool area as well. There’s also a two-car garage.

The lot measures about three-tenths of an acre. Mockingbird Trail lies about halfway between the Palm Beach Country Club and the inlet at the northern tip of the island.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/08/02/new-palm-beach-spec-house-sells-for-millions-how-much-did-it-bring/705…

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New Palm Beach 'spec' house sells for millions. How much did it bring?

Developer razed 1950s-era house to build home that just sold in Palm Beach Represented by the two Corcoran agents, Fensterstock bought the Mockingbird Trail property in March 2021 for a recorded $4.26 million and razed a 1950s-era house there to accommodate his new one. In that 2021 sale, Corcoran agent Bill Yahn represented the seller, Malcolm M. McCluskey, another longtime Palm Beach real estate investor.

Michael Perry of MP Design & Architecture in Palm Beach designed the Mockingbird Trail house. It was built by Albright Construction of Lantana with interior finishes by Scott Sanders of Scott Sanders LLC of Palm Beach and New York. Landscape architect Mario Nievera of Palm Beach’s Nievera Williams Design drew up the landscape plans.

During his career, Fensterstock has worked in the financial and investments industry, including running his own company, Fensterstock Management LLC, according to a brief online biographical sketch. Fensterstock Management invests in the financial services industry. He is a former member of the board of trustees at George Washington University in Washington, D.C. The house Fensterstock sold last spring at 233 Miraflores Drive was a completely renovated 1990s-era residence. The one-story house with four bedrooms has 4,486 total square feet. The buyer in April was PB 130 Limited Partnership of Ontario, an entity linked in public records to Canadian real estate businessman Keith L. Ray. Douglas Elliman Real Estate agent Spencer Schlager negotiated for the buyer opposite the Koch team.

Who bought that house? Mystery buyer pays $68 million for Palm Beach house on "corner" of ocean and inlet In May, Fensterstock paid $9.6 million for a 21-year-old house — said to be ripe for renovation — at 125 Via Vizcaya in the town's Estate Section. In the Via Vizcaya deal, Paulette Koch and Dana Koch handled both sides of the sale. https://www.palmbeachdailynews.com/story/business/real-estate/2023/08/02/new-palm-beach-spec-house-sells-for-millions-how-much-did-it-bring/705…

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New Palm Beach 'spec' house sells for millions. How much did it bring?

Fensterstock is finishing up construction on another house in Palm Beach that is listed with the Koch team. Priced at $22 million, the five-bedroom house at 130 Algoma Road in the Estate Section will have 7,312 square feet when it is completed, likely within the next two months, according to sources familiar with the property.

The property is a few streets north of former President Donald Trump's Mar-aLago Club.

Fensterstock lives with his wife, Ann, in a North End house they have owned since 2013 on Merrain Road.

Pricey tear-down in Palm Beach: $155-million teardown: Billionaire W. Lauder razing Rush Limbaugh's old Palm Beach estate * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/08/02/new-palm-beach-spec-house-sells-for-millions-how-much-did-it-bring/705…

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5/15/23, 9:12 AM

Record sale in Palm Beach as home goes for around $170 million

NEWS

Palm Beach oceanfront home sells for around $170 million, beating previous record by millions Kimberly Miller and Darrell Hofheinz Palm Beach Post Published 3:25 p.m. ET April 27, 2023

Updated 6:36 a.m. ET April 28, 2023

A luxury oceanfront estate in Palm Beach traded hands for around $170 million this month in a clandestine sale that would top the record for the priciest single-family residential property on the island if it was even close to that price.

The off-market purchase of 589 N. County Road was confirmed by people familiar with the deal, which was first written about by The Palm Beach Daily News last week when it had yet to be finalized. A Wall Street Journal article posted online Wednesday also noted the blockbuster exchange had closed.

At near $170 million, the sale is likely the second highest in the state, following the June 2022 sale of a Manalapan estate to software billionaire Larry Ellison of Oracle Corp for $173 million.

The previous sale price record in Palm Beach was set in March when the estate of the late Rush Limbaugh sold for $155 million. A company linked to cosmetics billionaire William P. Lauder bought the former Limbaugh estate, which comprises three separate parcels, including the main house at 1495 N. Ocean Blvd.

The sellers of 589 N. County Road, Green Mountain Coffee founder Robert Stiller, and his wife Christine, had owned the 20,000-square-foot home since 2014 through a trust called Oceanview Trust.

As of Thursday, no deed with specific details of the sale or sale price had been filed in Palm Beach County official records, but a special warranty deed for $10 was filed April 24 between Oceanview and a second trust called Florida Investment Properties Land Trust. Both trusts name Stephen Magowan, of Sunrise Management Services, as co-trustee or trustee.

World’s wealthiest: More Palm Beach billionaires than ever, says our look at Forbes data Real estate attorneys said the $10 deed could be a simple title transfer from one trust to another, but also a possible transaction between the Stillers and the buyer, who sources name as high-end car dealer Michael Cantanucci.

Cantanucci, and his wife Kimberly, could not be reached for comment Thursday. A message left at a phone number listed for Robert Stiller was not returned, nor was a message left for Magowan.

Despite indications of a normalizing home market in Palm Beach County, the latest deal on the island of Palm Beach underscores that the the world's richest people are still open to paying top dollar for property here. With this purchase, the top three deals for Florida real estate have all been closed within the past year https://www.palmbeachdailynews.com/story/news/2023/04/27/record-sale-in-palm-beach-as-home-goes-for-around-170-million-to-beat-local-and-likely…

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5/15/23, 9:12 AM

Record sale in Palm Beach as home goes for around $170 million

even as worries of interest rates and economic slowdowns have dampened the pandemic-fueled real estate boom in South Florida.

"There are things on the luxury market for sale for over $200 million," said Jim Bertles, a Palm Beach resident and principal and managing director of wealth management and investment firm Alti Tiedemann Global. "It's a little crazy. It's staggering. It's unbelievable, but it's not all of Palm Beach County."

But other Realtors on the island said the sale follows a trend of sky-high price increases seen since the pandemic as wealthy people from urban areas in the Northeast, Midwest and California began a migration to South Florida.

Pricey flip: Sea-to-lake estate near Palm Beach fetches $37 million; it sold in late 2021 for $32.25M “What I think this shows is that Palm Beach is a safe place to put your money,” said Tom Shaw, senior global real estate advisor for Sotheby’s in Palm Beach. “I’m not saying that wealthy people are smarter than everyone else, but they typically have the best wealth advisors and the best attorneys and the best accountants.”

The estate at 589 N. County Road measures 1.6 acres with about 153 feet of direct beachfront, according to property records.

The property sits between two larger beachfront estates — one owned by an entity associated with radio shock jock and television personality Howard Stern and his wife, Beth; the other the home of billionaire financier Nelson Peltz and his wife, Claudia.

Kimberly Miller is a veteran journalist for The Palm Beach Post, part of the USA Today Network of Florida. She covers real estate and how growth affects South Florida's environment. Subscribe to The Dirt for a weekly real estate roundup. If you have news tips, please send them to kmiller@pbpost.com. Help support our local journalism, subscribe today.

https://www.palmbeachdailynews.com/story/news/2023/04/27/record-sale-in-palm-beach-as-home-goes-for-around-170-million-to-beat-local-and-likely…

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1/4/22, 8:54 AM

New seaside spec mansion fetches $57M near Mar-a-Lago in Palm Beach

REAL-ESTATE

New seaside ‘spec’ mansion fetches $57 million in Palm Beach, MLS shows Stock Custom Homes of Naples developed the house at 916 S. Ocean Blvd., which was listed, furnished, at $59 million.

Darrell Hofheinz Palm Beach Daily News Published 4:36 p.m. ET Jan. 3, 2022

Updated 5:35 p.m. ET Jan. 3, 2022

An oceanfront mansion developed on speculation on a long-vacant lot in Palm Beach has sold for $57 million at 916 S. Ocean Blvd., according to an updated sales listing in the multiple listing service.

With eight bedrooms, the estate has 14,916 square feet of living space, inside and out, including its beach cabana. A tunnel beneath the coastal road connects the main property to its beach parcel, which has 130 feet of oceanfront and a swimming pool — one of two pools on the estate.

The property lies about a half-mile north of former President Donald Trump’s Mar-a-Lago Club. The lot and the beach parcel measure eight-tenths of an acre with 130 feet of oceanfront, property records show.

Completed and furnished at the tail end of 2021, the house is the first Palm Beach project to be developed and sold by Stock Custom Homes, part of Stock Development in Naples on Florida’s west coast. The company’s Palm Beach County projects include houses it has built and sold in Wellington.

A deed for the Palm Beach sale had not been recorded as of Monday, so the buyer had not yet been identified in public records. It was also unclear if the price reported in the MLS would match the one to be recorded by the county clerk’s office.

Read more about the house: On the Market — Nearly finished seaside ‘spec’ house priced, furnished, at $59M in Palm Beach

https://www.palmbeachdailynews.com/story/business/real-estate/2022/01/03/new-seaside-spec-mansion-fetches-57-m-near-mar-lago-palm-beach/908… 1/3

1/4/22, 8:54 AM

New seaside spec mansion fetches $57M near Mar-a-Lago in Palm Beach

The estate was listed while in construction in July 2020 at $59 million — a price that also included the furnishings — by agent Carol A. Sollak of Engel & Völkers. She declined to discuss the sale.

Broker Christian J. Angle of Christian Angle Real Estate handled the buyer’s side of the deal.

He couldn’t be reached immediately for comment.

It was unclear from the MLS if any furnishings changed hands, although sources familiar with the sale said at least some of the furniture was included.

The deal closed Thursday, the MLS shows, and the listing was updated to reflect the sale on Monday.

Architect Roger Janssen of Dailey Janssen Architects in West Palm Beach designed the house, and the landscape plan was by Keith Williams of Palm Beach’s Nievera Williams Landscape Design. The house was furnished by a design team at Marc-Michaels Interior Design of Boca Raton and Winter Park.

Biggest deals of the year: These 6 real estate sales shattered price records in Palm Beach this year The house is designed around a courtyard, which has a swimming pool.

The estate was developed with outdoor living in mind, Matthew Sellick, president of Stock Custom Homes told the Palm Beach Daily News last year.

“Outdoor living spaces are one of our hallmarks, and this property has lushly landscaped terraces, an outdoor kitchen, outdoor seating with a fireplace — and the main pool has multiple fountains,” Sellick said.

The house stands immediately north of one of Palm Beach’s most recognizable landmarks — the 1928 mansion many locals refer to as the “ham-and-cheese” house because of its alternating exterior banding of red brick and coral Key stone.

Janssen previously told the Daily News he wanted his design to complement the landmarked house, which is considered one of noted architect Maurice Fatio’s masterpieces. Janssen designed the house in a general Mediterranean Revival style with an expansive courtyard, one of Fatio’s design signatures.

“Stock didn’t have preconceived notions,” Janssens said about his design process. “They allowed us to study the property and come up with a home that has serious architecture https://www.palmbeachdailynews.com/story/business/real-estate/2022/01/03/new-seaside-spec-mansion-fetches-57-m-near-mar-lago-palm-beach/908… 2/3

1/4/22, 8:54 AM

New seaside spec mansion fetches $57M near Mar-a-Lago in Palm Beach

commensurate with the Estate Section that would capitalize on the ocean views and take advantage of the depth of the property,” Janssen told the Daily News last year.

On the main level, the living room, library and a guest suite face the ocean. Another guest suite, the formal dining room, the family room and the kitchen front the courtyard.

The master suite comprises the entire north portion of the second floor, with French doors opening from the bedroom to oceanside and poolside verandas.

Big deals: What were the year’s biggest condo, townhouse sales in Palm Beach? Ten hit $9M or more Janssen’s plans for the basement included a game room, an exercise room, a home theater, a wine cellar and a lounge with a bar. The house also has a three-car garage.

Stock Custom Homes paid $12 million for the lot in December 2017, property records show. * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

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5/15/23, 9:10 AM

Designer Tom Ford swaps Palm Beach house in deal said to top $100M

REAL-ESTATE

Fashion icon Tom Ford involved in Palm Beach house swap valued at more than $100M: sources Fashion icon Tom Ford is trading houses in the Estate Section with Brian and Andrea Kosoy via a transaction worth more than $100 million, the Palm Beach Daily News confirms.

Darrell Hofheinz Palm Beach Daily News Published 2:20 p.m. ET May 12, 2023

Updated 7:20 p.m. ET May 13, 2023

Billionaire fashion icon Tom Ford is trading houses with a couple nearby in a hush-hush Palm Beach deal valued at more than $100 million, several people familiar with the transaction have confirmed for the Palm Beach Daily News.

Ford is selling the sleek, contemporary-style house he bought for a recorded $51 million on Jungle Road in late December to real estate entrepreneur Brian Kosoy and his wife, Andrea, sources told the Palm Beach Daily News, the first media outlet to report the deal.

The Kosoys, in turn, are deeding to Ford their landmarked 1920s-era home on Via Del Mar. Known as Casa Della Porta, that house — with exterior walls of quarry coral stone — is considered the most impressive designed by noted architect Maurice Fatio's firm, Treanor & Fatio. The Kosoys extensively renovated the home.

The off-market deal’s closing was imminent, although the exact terms haven't surfaced, sources said this week. Moving trucks were spotted Thursday and Friday at both estates, neither of which has water frontage.

Tom Ford buys on Jungle Road: Fashion icon is behind trust that bought Palm Beach house for $51 million: sources From the archives: Look who's (not) talking about Tom Ford's new house in Palm Beach It’s unclear what prices might be recorded at the Palm Beach County Courthouse for the sale of each property.

House trades often include extra money tossed in when the homes are not of equal value. Several real estate sources said the Kosoy residence would be worth more in today's market than the house Ford bought in December.

In any case, the Estate Section transaction would certainly rank among the largest house trades in the town’s history and could set a new sale price record for non-waterfront estates in Palm Beach. The Palm

https://www.palmbeachdailynews.com/story/business/real-estate/2023/05/12/designer-tom-ford-swaps-palm-beach-house-in-deal-said-to-top-100m/70…

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Designer Tom Ford swaps Palm Beach house in deal said to top $100M

Beach Daily News was unable to reach Ford, the Kosoys and real estate broker Christian Angle of Christian Angle Real Estate, who is said to have handled both sides of the deal.

In a new interview published at Airmail.news, Ford mentioned his purchase of a "really fabulous" Palm Beach house designed in 1928 by Fatio.

"I'm putting offices in a wing that used to be for staff. Four people that were with me in [Los Angeles] at Black [Ford's film production company] are moving here," Ford said in the interview, which also mentioned his plans to pursue his interest in making movies.

From the 2015 archives: Landmarked Casa Della Porta sells for $19.39 million in Palm Beach

Historic Casa Della Porta in Palm Beach has a three-story tower In 2015, the Kosoys bought Casa Della Porta, at 195 Via Del Mar, through a trust for a recorded $19.39 million, courthouse records show. The 1.66-acre property faces Via Del Mar and stretches to Via La Selva on the corner of South County Road, about a half-mile north of former President Donald Trump's Mar-aLago Club.

The latest tax rolls list the house as the Kosoys' primary residence.

Fatio designed the Estate Section house in 1928 for William McAneeny, president of the Hudson Motor Car Co. Property records show the two-story house has nearly 23,526 square feet of living space, inside and out.

It includes a three-story tower, extensive outdoor loggias, a central courtyard with a fountain, and a tennis court.

The Florentine Romanesque-style architecture includes a front entry recessed into a compound-arch surround, which took Italian stonecutters six months to carve and gave the house its name. Roman-style arches are a repeated architectural motif in Fatio's design.

When it was built, the house's name was Casa Bella Porta ("House of the Beautiful Door"), although after 1947, it became known as Casa Della Porta, said architectural historian Augustus Mayhew. It's unclear if the new name was the result of a journalist's typographical error or a later owner's rechristening, Mayhew added.

In his book, “Maurice Fatio: Palm Beach Architecture,” author Kim I. Mockler quotes Fatio as having once described the villa as “the greatest house I have ever done.”

Palm Beach house on Jungle Road was built as custom home The estate Ford sold to the Kosoys at 241 Jungle Road was completed in 2016 as a custom home for longtime residents James Held and Kenn Karakul, who serves on the town's architectural board.

The Jungle Road estate comprises two single-story buildings with a combined 12,914 square feet of living space, inside and out, according to property records. On the north side of Jungle Road, the lake-block lot measures about an acre and is about a third of a mile north of Casa Della Porta. https://www.palmbeachdailynews.com/story/business/real-estate/2023/05/12/designer-tom-ford-swaps-palm-beach-house-in-deal-said-to-top-100m/70…

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Designer Tom Ford swaps Palm Beach house in deal said to top $100M

Broker Angle was already familiar with both properties. He represented the Kosoys’ trust when the couple bought Casa Della Porta eight years ago.

Angle also orchestrated the private sale late last year when Ford used a trust to buy the Jungle Road house — his first property in Palm Beach — from an ownership entity affiliated with private-equity specialist Rob Heyvaert.

That deal set a sale-price record at the time for the sale of a non-waterfront estate in Palm Beach.

Heyvaert’s company had bought the house in August 2021 for a recorded $35.75 million.

More about the house on Jungle Road: Preservation group honors contemporary-style home for its architecture, sustainability From the 2021 archives: Award-winning contemporary-style house on Jungle Road fetches $35.75 million in Palm Beach

Tom Ford bought house in Palm Beach shortly after selling company Ford closed his purchase of the Jungle Road house about a month after The Estée Lauder Cos. announced it would acquire his eponymous fashion-and-lifestyle brand, which it valued at $2.8 billion. The announcement said The Estée Lauder Cos. would be the sole owner of the brand “and all its intellectual property.” By April, Ford was ranked 1,368th among the world’s billionaires on the annual list published by Forbes.com, which estimated his fortune at $2.2 billion.

Ford founded the Tom Ford fashion label in 2005 after stints as creative director for Gucci and Yves Saint Laurent. The line includes apparel for men and women, beauty products, eyeglasses and accessories. Ford has directed feature films, including 2009’s “A Single Man,” starring Colin Firth. Ford was nominated for an Academy Award for the film.

Brian Kosoy is managing principal and CEO of Sterling Organization, a private-equity real estate company he co-founded in 2007 and which once held the management lease, through a subsidiary, for the Royal Poinciana Plaza shopping center in Palm Beach. Headquartered in West Palm Beach, the company has offices across the country and maintains a portfolio of retail and commercial properties, with more than $2 billion in assets under management, according to its website.

In 2015, broker Lawrence Moens of Lawrence A. Moens Associates represented the late Houston-based energy businessman William M. Kallop, who sold the estate to the Kosoys’ trust. The couple later transferred ownership into their own names. Moens could not be reached for comment.

The just-closed sale marks the eighth time Casa Della Porta has changed hands since 2000, courthouse records show. Among its previous owners were Moens, who owned it with real estate investor Robert Fessler; and the late investments advisor and businessman Howard Gittis.

The town granted Casa Della Porta landmark protection in 1990.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/05/12/designer-tom-ford-swaps-palm-beach-house-in-deal-said-to-top-100m/70…

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House on Jungle Road in Palm Beach is an award-winner In 2019, the house on Jungle Road made headlines when the Preservation Foundation of Palm Beach awarded its architect Daniel Kahan, the Elizabeth L. and John H. Schuler Award, which recognizes excellence in new architecture. Kahan, a principal with Smith and Moore Architects, shared the award with Held and Karakul. Kahan, Held and Karakul could not be reached for this story.

The Jungle Road house has a gallery-white exterior, a flat roof and custom-built, 13-foot-tall French doors.

The floor plan revolves around an open-air courtyard.

The house was built to be extremely energy-efficient and environmentally sustainable, Held told the Palm Beach Daily News when the house won the Schuler Award. Among its features is an extensive system of rooftop solar panels.

The layout includes an expansive living room with a 15-foot ceiling, a library, an office and a space originally designated as a music room. The family room, which is open to the breakfast area and kitchen, looks out to a loggia and the guesthouse on the opposite side of the swimming pool.

The Palm Beach Daily News was the first outlet to report the sale of the Jungle Road house in December. * This story was updated from a previous version. This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island.

Emaildhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/05/12/designer-tom-ford-swaps-palm-beach-house-in-deal-said-to-top-100m/70…

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2/14/23, 9:28 AM

Florida real estate: Billionaire buys Palm Beach condo for $17.9M

REAL-ESTATE

Which billionaire just bought a Palm Beach condo for a recorded $17.9 million?

Here's what you need to know about the sale of 219 Brazilian Ave. in the Palazzo Villas complex in Midtown Palm Beach.

Darrell Hofheinz Palm Beach Daily News Published 5:37 p.m. ET Feb. 13, 2023

Updated 5:59 p.m. ET Feb. 13, 2023

The list of billionaires who have own homes in Palm Beach just keeps growing.

The latest uber-wealthy buyer to close a deal in the island town is Dr. Herbert “Herbie” A. Wertheim, who just paid $17.9 million for a luxury condominium in Midtown, according to a deed recorded Monday Wertheim — an optometrist, inventor and stock investor — served as trustee of a trust that bought 219 Brazilian Ave., a never-lived-in, four-bedroom condo in the Palazzo Villas quadplex.

Resembling a townhouse, the three-level condo has 6,092 square feet of living space, inside and out, and is as large as some single-family homes in Palm Beach.

The sale marks the condo’s fourth sale in a little more than two years. It last set a condo price record, which has since been broken, when it changed hands in May 2022 for a recorded $18.6 million, a price that included the furnishings, according to sources familiar with that transaction.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/02/13/florida-real-estate-billionaire-buys-palm-beach-condo-for-about-18-million…

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When the condo was relisted for sale at $19.999 million in November, it was marketed with the same furnishings, which the sales listing said cost more than $1 million. But the listing agent, Margit Brandt of Premier Estate Properties, on Monday confirmed the recorded price for the most recent sale did not include the furnishings. She declined to comment further about the transaction.

The seller in the just-recorded deal was a limited liability company controlled by a family that is said to own another property in Palm Beach.

Here’s a look at the residence and the players involved in the most recent sale.

Listed in November: Listed at about $20 million, townhouse-like condo at 219 Brazilian Ave. among top 5 priciest in Palm Beach Big deal: Condo at 219 Brazilian AVe sells for $18.6 million, a record-setting price in Palm Beach

Why is the residence in Palazzo Villas worth millions of dollars?

The condo that just changed hands sold new for a recorded $6 million in December 2020 and then again for just under $12 million in April 2021 before trading once more last year, courthouse records show. Prices escalated steeply in Palm Beach after a rush of buyers descended on the island following the arrival of the coronavirus pandemic in early 2020.

Brandt’s listing described the residence as “primed for immediate occupancy” — always a selling point in Palm Beach, where buyers are not necessarily interested in doing a major renovation.

The condo has custom finishes, a library/den and a private pool. The layout includes a living room and family room along with an upper-level master suite with walk-in-closets, an office and a terrace overlooking the garden and pool in the private back yard, according to the sales listing. There’s also a two-car garage on the lowest level. https://www.palmbeachdailynews.com/story/business/real-estate/2023/02/13/florida-real-estate-billionaire-buys-palm-beach-condo-for-about-18-million…

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The residence was furnished by Marc-Michaels Interior Design before it sold last year, and the photos in Brandt’s listing show those furnishings and fixtures remained in place.

The condo shares a wall in Palazzo Villas with another unit — at 221 Brazilian Ave. — that sold in March 2022 for a recorded $17.8 million.

Brandt acted for the buyer when the condo sold last May, the multiple listing service shows. She negotiated in that deal opposite her Premier Estate Properties colleague Jim McCann.

World’s wealthiest: Palm Beach sees hike in billionaires, analysis of latest Forbes data shows A closer look: Palm Beach billionaires’ wealth tops $408 billion, our analysis of new Forbes data shows

Who is the buyer, Dr. Herbie Wertheim, and how much is he worth?

Wertheim has residential ties to Coral Gables, according to Forbes.com, which estimates his net worth at $4.4 billion.

“He founded and still runs Brain Power Inc., a manufacturer of optical tints for eyeglasses; it holds more than 100 patents and copyrights,” says a brief Forbes biographical sketch.

Wertheim is a savvy Wall Street investor, according to Forbes, and the largest individual shareholder in aerospace firm Heico.

Broker Christian Angle of Christian Angle Real Estate represented him in the sale, according to the updated MLS listing.

Wertheim and Angle could not be reached for comment.

Wertheim bought the condo as trustee of the Brookhill 219 Revocable Trust, the deed shows.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/02/13/florida-real-estate-billionaire-buys-palm-beach-condo-for-about-18-million…

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Florida real estate: Billionaire buys Palm Beach condo for $17.9M

More than 50 billionaires own property in Palm Beach, according to a Palm Beach Daily News of the latest Forbes data.

Sold next door: Townhouse-like condo fetches $17.8M, sets condo price record Palm Beach: deed Pricey condos: These Palm Beach condo, townhouse sales topped $12M in 2022; new records set, then broken

Who was on the seller’s side of the Palazzo Villas deal?

Public records don't identify the family behind 219 Brazilian Avenue LLC, the limited liability company that sold the condo. The deed was signed on behalf of the seller by attorney Alison R. Percy of the Peneiro Byrd law firm in Jupiter.

But the sellers are widely said to be a family who owns Palm Beach waterfront property, where a new house has been in the works.

It’s unclear if the sellers had bought the condo last year as an investment, to house guests or family members, or to use as a temporary residence. * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island.

Emaildhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/02/13/florida-real-estate-billionaire-buys-palm-beach-condo-for-about-18-million…

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6/21/23, 12:21 PM

Palm Beach real estate agents rank on U.S., Florida sales-volume lists

REAL-ESTATE

Palm Beach real estate agents land in U.S., Florida sales-volume rankings for 2022 deals Dozens of Palm Beach real estate agents earn spots on U.S. and Florida salesvolume lists compiled from 2022 data by Real Trends and Tom Ferry International.

Darrell Hofheinz Palm Beach Daily News Published 2:52 p.m. ET June 20, 2023

Updated 12:18 p.m. ET June 21, 2023

After a supercharged year in 2021, residential real estate sales in Palm Beach began to return to some semblance of normal in 2022 — but “normal” is always a relative term in the wealthy South Florida town. The number of deals and the amount homes fetched were down, year-over-year, even though prices at the tippy-top of the scale continued to crane necks last year.

That point is driven home in the latest rankings of the country’s top agents and brokers based on their 2022 sales volume and other criteria. The rankings are an annual joint project by two real estate companies — Real Trends and Tom Ferry International.

There are plenty of Palm Beach names in the 18th edition of “The Thousand,” which was promoted in a recent Wall Street Journal special advertising section.

There are always a couple of caveats to the lists. The rankings were open only to those real estate professionals who chose to participate in the project, paid a $175

https://www.palmbeachdailynews.com/story/business/real-estate/2023/06/20/palm-beach-real-estate-agents-rank-on-u-s-florida-sales-volume-lists/703…

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submission fee and met the criteria for the rankings, according to the Real Trends website.

And some Palm Beach agents and brokers — among them top-tier producer Lawrence Moens of Lawrence A. Moens Associates — did not submit sales figures for consideration and verification.

Among the Palm Beach professionals who participated was broker Christian Angle of Christian Angle Real Estate, who took the No. 7 spot on the list of the country’s Top 250 residential sales professionals after reporting $790.23 million in sales volume last year. He also was the No. 3 top-volume broker in Florida on the latest list.

Under the rules of the survey, agents and brokers who handled both sides of a transaction — representing the buyer and the seller — were allowed to double the final dollar figure when they calculated their total sales volume for the sale.

Participants were entered into “The Thousand” rankings and a separate list known as “America's Best Real Estate Professionals,” which ranks the top-producing agents in each state and includes agents and sales teams with a qualifying submission who did not make “The Thousand,” according to the Real Trends website.

In addition to Angle, there were six other agents and brokers based in Palm Beach to took spots in the Top 250 national sales-volume rankings. Two others are not Palm Beach-based but have strong ties to the island as principals of their Palm Beach County agencies, which have locations in town.

In the nation’s Top 20 agents, Dana Koch of the Corcoran Group ranked No. 17 nationally and No. 4 in Florida with a reported 2022 sales volume of $418.56 million.

Other Palm Beach-based professionals in the sales rankings included agent Suzanne Frisbie of the Corcoran Group (ranked No. 26 nationally and No. 7 in Florida with $358.43 million); agent Gary Pohrer of Douglas Elliman Real Estate https://www.palmbeachdailynews.com/story/business/real-estate/2023/06/20/palm-beach-real-estate-agents-rank-on-u-s-florida-sales-volume-lists/703…

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Palm Beach real estate agents rank on U.S., Florida sales-volume lists

(No. 30 nationally and No. 9 in the state with $324.88 million); agent Margit Brandt of Premier Estate Properties (No. 66 on the U.S. list and No. 15 in Florida with $211.95 million); agent Elizabeth DeWoody of Compass Florida (No. 127 nationally and No. 29 in Florida with $157.42 million); and agent Alison Newton of Douglas Elliman (No. 249 nationally and No. 49 in Florida with $113.89 million).

In addition, Wellington-based Carol Sollak, a principal at the Palm Beach office of Engel & Volkers, was ranked No. 84 nationally and No. 19 in Florida with $190.16 million; and Jupiter-based broker/owner Rob Thomson, whose Waterfront Properties and Club Communities has an office in Palm Beach, was ranked No. 89 nationally and No. 21 in Florida with $183.96 million.

Read about last year's rankings: Palm Beach real estate pros ranked on national, state sales-volume lists for their 2021 deals Those who participated were required to provide information about their sales that could be verified, under the rules of entry. That information could be data reported in the multiple listing service, a production report using a “reputable” software program or, for agents, confirmation by the agency’s managing broker, according to the Real Trends website.

The No. 1 ranked agent in the country, based on sales volume, has held that distinction for a number of years: Dallas-based Ben Caballero of HomesUSA.com generated sales in 2022 totaling $3.06 billion.

Palm Beach real estate teams also ranked among country's top residential pros Another national category in “The Thousand” report ranked “small teams” of two to five real estate professionals by sales volume. The only Palm Beach-based small team on the Top 250 U.S. list was The Cregan Team, led by Lisa and John Cregan at Sotheby’s International Realty, which ranked No. 59 on the national list and No. 11 in Florida with $188.11 million. https://www.palmbeachdailynews.com/story/business/real-estate/2023/06/20/palm-beach-real-estate-agents-rank-on-u-s-florida-sales-volume-lists/703…

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Palm Beach real estate agents rank on U.S., Florida sales-volume lists

In the “medium teams” category of the Top 250 list — comprising teams of six to 10 real estate professionals — Douglas Elliman’s Palm Beach-based Leavitt McIntosh Team generated a sales volume of $493.81 million, ranking it No. 6 nationally and No. 2 in the state. That team is led by agents Chris Leavitt and Ashley McIntosh.

One other medium-size team in the county with an office in Palm Beach made the Top 250 list. The K2 Realty team at K2 Realty, led by James Kenny and Paul Kaneb, in North Palm Beach was ranked No. 23 nationally and No. 4 in Florida with $291.21 million.

And in the Top 250’s large teams category, for teams of 11 to 20 agents, The Coastal Collective team at Compass Florida — led by Palm Beach-based Chris Deitz and Michael Costello — ranked No. 37 nationally and No. 7 in the state with $226.46 million.

To be considered for a ranking, an agent must have closed at least 40 transaction “sides” or recorded $16 million in closed sales volume for 2022, according to Real Trends. Teams must have closed 60 residential transactions or documented $24 million in closed sales volume.

Palm Beach real estate agents ranked among Florida's top producers Of the Palm Beach agents whose sales volume did not meet the threshold for the national list, 57 found a spot among the 1,105 agents ranked in Florida, based on their 2022 sales volume.

Among those 57, there were 15 who saw their sales volume exceeded $50 million in 2022. Those Palm Beach-based agents on the Florida list included John Wilson of Douglas Elliman (ranked No. 70 with $83.97 million); Betty Schneider of William Raveis South Florida (No. 84 with $78.61 million); Fern Fodiman of Sotheby’s International Realty (No. 86 with $77.92 million); Sonja Stevens of Sotheby’s International Realty (No. 88 with $77.35 million); Shelly Newman of William https://www.palmbeachdailynews.com/story/business/real-estate/2023/06/20/palm-beach-real-estate-agents-rank-on-u-s-florida-sales-volume-lists/703…

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Raveis South Florida (No. 91, with $75.87 million); and Carol Falciano of WIlliam Raveis South Florida (No. 98 with $70.77 million).

Other Palm Beach agents on the state list whose sales volume topped $50 million were Tina Roberts of Sotheby’s International Realty (No. 101 with $69.35 million); Derek Olsen of Douglas Elliman (No. 103 with $69.14 million); Samantha Curry of Douglas Elliman (No. 105 with $67.98 million); Jennifer Hyland of the Corcoran Group (No. 113 with $63.84 million); Todd Peter of Sotheby’s International Realty (No. 120 with $61.55 million); Cara McClure of Douglas Elliman (No. 125 with $59.21 million); Ashley Copeland of Brown Harris Stevens (No. 132 with $57.34 million); John Reynolds of Douglas Elliman (No. 133 with $57.09 million; Lilly Ferreira of Brown Harris Stevens (No. 134 with $56.8 million); and Steven Presson of the Corcoran Group (No. 140 with $55.17 million).

Nine Palm Beach-based small teams did not land a spot on the national list but ranked among the top sales-volume teams in Florida. They included the Jim McCann Group at Premier Estate Properties (ranked No. 16 in Florida with $148.55 million; the Pulitzer McGurk Collection, led by Liza Pulitzer and Whitney McGurk at Brown Harris Stevens (No. 39 with $93.88 million); the Scott Gordon Team at Douglas Elliman (No. 45 with $88.15 million); and Michelle and Paula, led by Michelle Noga and Paula Wittmann, at William Raveis South Florida (No. 46 with $87.88 million).

The other Palm Beach small teams appearing on the Florida sales-volume list were The Menezes Team, led by Steven Menezes at Douglas Elliman (No. 96 with $63.78 million); The Bretzlaff Group, co-led by Palm Beach-based agent Heather Bretzlaff, at Douglas Elliman (No. 134 with $53.21 million); The Cronican Group, led by Lori Cronican and Christopher Cronican, at Douglas Elliman (No. 252 with $39.2 million); The Pam & Toni Team, led by Pam Thomes and Toni Valentino, at Compass (No. 340 with $32 million); and the Gottfried Wenzel team, lead by Pamela Gottfried and Joan Wenzel, at Elliman (No. 448 with $26.22 million.) https://www.palmbeachdailynews.com/story/business/real-estate/2023/06/20/palm-beach-real-estate-agents-rank-on-u-s-florida-sales-volume-lists/703…

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Palm Beach real estate agents rank on U.S., Florida sales-volume lists

In addition to the Leavitt McIntosh Team, one other Palm Beach medium-size team landed on the Florida list, based on sales volume. The East Coast Luxury Group, led by Lauren Barrocas, at Compass ranked No. 138 with $39.72 million.

On the large teams state list, The Mirsky Group at Compass Florida in Palm Beach, led by Norma Mirsky, ranked No. 84 with $41.22 million in sales volume.

And one Palm Beach group landed on the top Florida list in the “mega team” category — for teams with 21 agents or more — based on its sales volume: The Hall Group Palm Beach, led by Stephen Hall, ranked No. 16 with $162.24 million.

Palm Beach names round out the Florida list of top real estate pros Here are the other Palm Beach agents who appeared in the Florida-only rankings, based on their sales volume last year. They include Allison Wren of the Corcoran Group (ranked No. 182 in Florida with $47.3 million); Bill Yahn of the Corcoran Group (No. 190 with $45.64 million); Patricia Mahaney of Sotheby's International Realty (No. 192 with $45.44 million); Heidi Wicky of Sotheby's International Realty (No. 207 with $43.86 million); Lisa Wilkinson of Douglas Elliman (No. 208 with $43.4 million); Nick Grodzicki (No. 228 with $40.92 million); Ann Summers of Brown Harris Stevens (No. 230 with $40.73 million); Joshua McPherson of Douglas Elliman (No. 237 with $40.07 million); Kimberly Spears of Douglas Elliman (No. 253 with $38.41 million); Ashley O'Neil of Brown Harris Stevens (No. 305 with $35 million); and Patrice McInerney of Brown Harris Stevens (No. 321 with $33.98 million).

Other Palm Beach agents on the Florida list include: Thor Brown of Douglas Elliman (No. 331 with $33.34 million); Laura Pope of Sotheby's International Realty (No. 336 with $33 million); Karen Donnelly of William Raveis South Florida (No. 351 with $32.14 million); Spencer Schlager of Douglas Elliman (No. 362 with $31.66 million); Andrew Thomka-Gazdik of Sotheby's International Realty (No. 371 with $31.48 million); Rosalind Clarke of Premier Estate Properties (No. 391 with $30.49 million); Grace Brown of Brown Harris Stevens (No. 406 with $29.78

https://www.palmbeachdailynews.com/story/business/real-estate/2023/06/20/palm-beach-real-estate-agents-rank-on-u-s-florida-sales-volume-lists/703…

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million); Anne Carmichael of Brown Harris Stevens (No. 419 with $29.11 million); Denise Segraves of Sotheby's International Realty (No. 442 with $28.25 million); Kevin Condon of Sotheby's International Realty (No. 456 with $27.64 million); and W. Roger Warwick of the Corcoran Group (No. 457 with $27.63 million).

The Florida sales-volume rankings also include these Palm Beach agents: Paul Birmingham of Sotheby's International Realty (No. 479 with $26.8 million); Wahkuna Vega of William Raveis South Florida (No. 510 with $25.48 million); Burt Minkoff of Douglas Elliman (No. 530 with $24.89 million); Bobby Goodnough of Sotheby's International Realty (No. 538 with $24.73 million); Kristina Anderson McPherson of the Corcoran Group (No. 561 with $24.17 million); Kourtney Pulitzer of Sotheby's International Realty (No. 594 with $23.26 million); Stephen Simpson of William Raveis South Florida (No. 625 with $22.71 million); Shirley Wyner of William Raveis South Florida (No. 707 with $21.31 million); Danielle McCarroll of Douglas Elliman (No. 747 with $20.56 million); Doreen Danton of the Corcoran Group (No. 760 with $20.22 million); and Diana Reed of the Corcoran Group (No. 771 with $20.11 million).

Rounding out the list of Palm Beach agents on the Florida sales-volume list are: Elizabeth Hartigan Callahan of Brown Harris Stevens (No. 826 with $19.14 million); Tierney O'Hara of Sotheby's International Realty (No. 844 with $18.94 million); Lillian "Minnie" Munn Pulitzer of Brown Harris Stevens (No. 858 with $18.75 million); Colleen Hanson of the Corcoran Group (No. 898 with $18.11 million); Brandon Solomon of Douglas Elliman (No. 909 with $18.01 million); Lynn Telling of Illustrated Properties (No. 933 with $17.76 million); Claudia Fisher of Douglas Elliman (No. 955 with $17.58 million); and Maryann Chopp of Sotheby's International Realty (No. 1043 wtih $16.46 million).

A disclaimer on “The Thousand” report says the Wall Street Journal’s editors and newsroom were not involved in the creation or production of the special advertising section featuring the rankings.

The complete rankings are available at RealTrends.com/agent-rankings. https://www.palmbeachdailynews.com/story/business/real-estate/2023/06/20/palm-beach-real-estate-agents-rank-on-u-s-florida-sales-volume-lists/703…

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Penthouse Atop Tiffany Building in Palm Beach Sells for $18 Million - WSJ

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/penthouse-atop-tiffany-building-in-palm-beach-sells-for-18-million-9d84265b

◆ WSJ NEWS EXCLUSIVE

Penthouse Atop Tiffany Building in Palm Beach Sells for $18 Million The two-story unit first hit the market for $24 million in November

By E.B. Solomont

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Updated April 20, 2023 9:25 am ET

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert.

An unfinished two-story penthouse in Palm Beach, Fla., has sold for $18 million, according to the listing agents.

The sellers were real-estate developer Todd Michael Glaser and his business partners. The buyer was an entity tied to car-dealership owner Terry Taylor, records show. Mr. Taylor didn’t respond to requests for comment.

Located atop the Tiffany & Co. building at the corner of Worth and Hibiscus avenues, the unit went on the market for $24 million in November. More recently, the sellers dropped the price to $19.98 million in order to sell before construction of the interior was set to begin on May 1, Mr. Glaser said.

Mr. Glaser and his partners purchased the residence for $15.5 million last year, records show. Mr. Glaser estimated that the unit will cost $4 million to $5 million to complete.

The penthouse has more than 9,800 square feet of interior space, and can be configured with up to six bedrooms, according to the listing. There is a private roof deck with a pool, outdoor bar and dining area.

The penthouse is the only residence in the building, which occupies a prominent spot in the area’s tony shopping corridor. The penthouse was originally developed by John C. Kean, whose Kean Development owned the project in partnership with Fortress Investment Group and Atlanta-based Hyde Retail Partners. They purchased the building for $20 million in 2018.

https://www.wsj.com/articles/penthouse-atop-tiffany-building-in-palm-beach-sells-for-18-million-9d84265b

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Penthouse Atop Tiffany Building in Palm Beach Sells for $18 Million - WSJ

The building is located at the corner of Worth and Hibiscus avenues. PHOTO: DANIEL PETRONI

In Palm Beach, condo sales fell 54.8% during the fourth quarter of 2022, according to real-estate appraisal firm Miller Samuel, while the median condo sale price rose 31.8% year-over-year.

The listing agents were Chris Leavitt of Douglas Elliman and Jill Eber and Jill Hertzberg of The Jills Zeder Group at Coldwell Banker Realty. Christian J. Angle of Christian Angle Real Estate represented the buyer.

Write to E.B. Solomont at eb.solomont@wsj.com Appeared in the April 21, 2023, print edition as 'Palm Beach Condo Trades'.

https://www.wsj.com/articles/penthouse-atop-tiffany-building-in-palm-beach-sells-for-18-million-9d84265b

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4/6/22, 12:15 PM

A Palm Beach Spec Home Near Mar-a-Lago Sells for $50 Million - WSJ

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. https://www.wsj.com/articles/a-palm-beach-spec-home-near-mar-a-lago-sells-for-50-million-11649257473

◆ WSJ NEWS EXCLUSIVE

A Palm Beach Spec Home Near Mar-a-Lago Sells for $50 Million The 13,000-square-foot spread includes deeded beach access and a 1,700-bottle wine cellar

By E.B. Solomont Follow April 6, 2022 11:04 am ET

A spec mansion in Palm Beach has sold to a mystery buyer for $50 million.

The roughly half-acre property with a swimming pool and deeded beach access had been asking $52.5 million, according to listing agent Chris Deitz of Compass. Christian Angle of Christian Angle Real Estate represented the buyer, whose identity couldn’t be determined.

Located a few streets north of Mar-a-Lago, the house was developed by Palm Beach-based Lion’s View Holdings, which purchased the site for $7.6 million in 2018, records show.

The house spans about 13,000 square feet.

PHOTO: SHAWN HOOD

https://www.wsj.com/articles/a-palm-beach-spec-home-near-mar-a-lago-sells-for-50-million-11649257473

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A Palm Beach Spec Home Near Mar-a-Lago Sells for $50 Million - WSJ

The house has eight bedrooms.

PHOTO: SHAWN HOOD

Spanning approximately 13,000 square feet, the eight-bedroom house is clad in white Jerusalem stone with a stone driveway. The primary suite has a terrace, his-and-hers walk-in closets and bathrooms with steam showers. The basement level has a media room, a gym and a walk-in, 1,700-bottle wine cellar. There are multiple loggias, including one in the front facing the ocean and another in the pool area.

The house was first listed for $42.5 million in 2020, when it was unfinished, according to Zillow. Mr. Deitz said construction took more than two years, in part because of supply chain delays. By the time the building was complete, he said, the market was “on a tear” and the developers adjusted the price accordingly. During 2021’s fourth quarter, the average sale price for single family homes in Palm Beach jumped 128% year-over-year to $14.8 million, according to appraisal firm Miller Samuel. But with dwindling supply, the number of sales dropped 68.3% during the same period.

Write to E.B. Solomont at eb.solomont@wsj.com

Copyright © 2022 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com.

https://www.wsj.com/articles/a-palm-beach-spec-home-near-mar-a-lago-sells-for-50-million-11649257473

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6/7/22, 11:02 AM

Oceanfront condo on Breakers Row brings $12.25 million in Palm Beach

REAL-ESTATE

Two-bedroom condo brings $12.25 million at 2 N. Breakers Row in Palm Beach: deed A trust bought the apartment, No. N32, which had been in the Goldberg family since 1997.

Darrell Hofheinz Palm Beach Daily News Published 8:27 a.m. ET June 7, 2022

Updated 9:17 a.m. ET June 7, 2022

A corner condominium facing the ocean at 2 Breakers Row that had been in the same family since 1994 has sold in Palm Beach for $12.25 million, the price recorded with the deed.

On the seller’s side of Unit N32 were two trusts associated with the adult children of Carol Rabb Goldberg and her husband of 71 years, the late Avram J. Goldberg. For years, he headed Stop & Shop, the New England supermarket chain founded by his wife’s family. He died in January at 92.

Carol Goldberg — also a former president and CEO of The Stop & Shop Cos. — is president of The AVCAR Group Ltd., a private investment and consulting firm she and her husband founded in 1990.

The Goldbergs in 1997 paid $2.75 million for the apartment, which has 3,445 square feet of living space, inside and on its balconies. Originally built with three bedrooms, it was later converted to a two-bedroom layout, according to the sales listing.

Big sale on Breakers Row: At $17.68 million, penthouse sale sets new condo record in Palm Beach More: ‘Undervalued’ no more: Palm Beach real estate prices have soared The Seahorse Two Revocable Trust was on the buyer’s side of the just-closed sale, according to the deed recorded Thursday. Palm Beach attorney John W. Randolph Jr. served as trustee. https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/07/oceanfront-condo-breakers-row-brings-12-25-million-palm-beach/754247…

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Oceanfront condo on Breakers Row brings $12.25 million in Palm Beach

Because of privacy rules governing trusts, no other information about the buyer was immediately available in public records.

The buyer paid $3,555 per square foot, based on the overall size of the apartment.

Sold in 2021: $13.75M sale at 2 N. Breakers Row is among priciest beachfront condo deals ever in Palm Beach More: Breakers’ affiliate pays $11 million for landmarked commercial building in Palm Beach Broker Christian Angle of Christian Angle Real Estate acted on behalf of the buyer. He declined to comment.

Broker Linda Gary of Linda A. Gary Real Estate listed the condo for sale in July at $13.25 million.

Her listing described the apartment’s “fabulous” ocean and sky views and mentioned its 32by-21-foot living room with a separate dining room, both opening to an oceanfront covered terrace.

“It is in the (vertical) line of apartments that is closet to the ocean,” Gary said, but declined further comment.

In the northern building of the two-building development, the third-floor apartment features cove lighting and marble floors.

The buildings of 2 N. Breakers Row are home to some of the most expensive condos ever sold in Palm Beach. The development is known for the concierge services it offers to residents, who can order meals from The Breakers, contract for housekeeping services and use the resort's recreational facilities via a club membership. The condo development opened in 1986 on land still owed by The Breakers.

Boston attorney Charles A. Cheever is the trustee of the two trusts that sold the apartment and owned equal interests, the deed shows. The trusts benefited the Goldbergs children, Joshua R. Goldberg and Deborah B. Goldberg, who serves as state treasurer for Massachusetts. * This is a developing story. Check back for any updates. https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/07/oceanfront-condo-breakers-row-brings-12-25-million-palm-beach/754247…

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4/13/22, 12:07 PM

Palm Beach ‘spec’ mansion sale said to scrape $50 million near Mar-a-Lago

REAL-ESTATE

UPDATE: Trust buys ‘spec’ mansion for $48.5 million near Mar-a-Lago in Palm Beach: deed Deed shows a trust, with Martin L. Edelman as trustee, bought the never-lived-in house at 1030 S. Ocean Blvd., which was developed on speculation on a lot with an ocean view.

Darrell Hofheinz Palm Beach Daily News Published 5:57 p.m. ET April 6, 2022

Updated 9:23 a.m. ET April 12, 2022

A recently completed, never-lived-in mansion near former President Donald Trump’s Mar-aLago Club in Palm Beach has sold to a trust for $48.5 million, the price recorded with the deed.

Martin L. Edelman serves as trustee of the trust on the buyer’s side of 1030 S. Ocean Blvd., the deed shows. A real estate attorney by that name has the title “senior of counsel” at the Paul Hastings law firm in New York City. He did not immediately return a phone message left for him.

The trust is named after the address of the mansion.

The sale initially was confirmed April 6 by a statement emailed to the Palm Beach Daily News on behalf of the agency that held the listing. The deed was recorded April 11 at the Palm Beach County Courthouse.

The eight-bedroom mansion was developed on speculation by Lion’s View Partners, a real estate investment group. The property was owned through 1030SOcean LLC, a limited liability company co-managed by Palm Beach residents Nedim Soylemez and George P. “Beau” Taylor, business and property records show. Soylemez signed the deed on behalf of 1030SOcean LLC. In all, the mansion and its pool cabana have 15,237 square feet of living space, inside and out, according to the sales listing prepared by Compass Florida agent Chris Deitz. Deitz couldn’t https://www.palmbeachdailynews.com/story/business/real-estate/2022/04/06/palm-beach-spec-mansion-sale-said-scrape-50-m-near-mar-lago/948244…

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Palm Beach ‘spec’ mansion sale said to scrape $50 million near Mar-a-Lago

be reached to discuss the transaction.

The neo-classical-style house entered the market, furnished, at $52.5 million in early January and landed under contract on Monday, according to the sales listing in the multiple listing service.

Listed in January: New Palm Beach house at 1030 S. Ocean Blvd. near Mar-a-Lago priced at $52.5M, furnished The statement emailed on behalf of Compass Florida quoted the sale price at $50 million, but it was unclear if that price included the furnishings in the house and other fees associated with the sale.

Broker Christian Angle of Christian Angle Real Estate confirmed he handled the buyer’s side of the sale but declined further comment.

The trust on the buyer’s end has a mailing address in care of Palm Beach attorney Paul Rampell’s office on Royal Palm Way. Rampell also declined to discuss the sale or the parties involved, and because of the rules governing trusts, no other information about anyone else connected with the buyer was available in public records.

The house stands on a lot of about six-tenths of an acre in the Estate Section, property records show. Its front door faces Via Palma, the fourth street north of Mar-a-Lago.

The property looks across the coastal road to what was for many years a vacant lot belonging to the owner of an adjacent oceanfront house. That owner recently broke ground on an addition on the lot that when finished will obstruct some — but not all — of the ocean views from the house that just sold, according to the design approved by the town.

The house that just changed hands has two stories and a below-ground area Deitz previously described as “entertainment level” with a home theater, game room and gym, which has a steam shower, the listing says.

“This is really one of the best high-end ‘spec’ custom homes that I've been involved with to date,” Deitz said about the house in January. “The quality (of the finishes) is at a level 10 in that house.”

Architects Harold Smith of Smith and Moore Architects and his son, Taylor Smith, designed the house, which was approved by the Architectural Commission in 2018.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/04/06/palm-beach-spec-mansion-sale-said-scrape-50-m-near-mar-lago/948244…

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Palm Beach ‘spec’ mansion sale said to scrape $50 million near Mar-a-Lago

The layout was designed around a courtyard, where there’s a heated pool with a whirlpool spa and a cabana structure linked to the main house by a pergola-covered patio.

Other features include a well-equipped kitchen, a library and a 1,500-bottle walk-in wine cellar.

History in the neighborhood: Building Mar-a-Lago, Marjorie Merriweather Post’s Palm Beach showplace On the second floor, the “owner's suite” opens to an oceanview terrace. The suite also has dual walk-in closets with dressing areas and baths with a Roman tub and steam shower.

Construction was overseen by John Rogers of Rogers General Contracting Corp. in West Palm Beach. The interior finishes and furnishings were chosen by IMG Interior Marketing Group of New York City.

The $52 million price tag included the furnishings but not the artwork.

The house’s sellers paid $7.6 million for the property in 2018 and razed an outdated house to make room for the new one. Deitz, who at the time was affiliated with the agency that later became William Raveis South Florida, handled the buyer’s side of that deal. Agent Stephen Ploof, who was then with Linda A. Gary Real Estate but has since joined Douglas Elliman Real Estate, negotiated for seller Vanessa Porreca in 2018.

Soylemez and Taylor have been involved in other real estate deals in Palm Beach, courthouse records show. Both men built careers in the investments industry, specifically in the commodities-trading field, according to online biographical information.

Soylemez declined to commment, and Taylor couldn’t be reached.

Compass agent Jonathan Duerr assisted Deitz in marketing the house. He declined to comment.

The house was previously listed in late 2020 at a lower price — $42.5 million — while it was in construction. But that listing later dropped out of the MLS. The Wall Street Journal on April 6 was the first media outlet to report the sale. * This story was updated April 11, 2022, the day the deed recorded for the sale of 1030 S. Ocean Blvd. in Palm Beach. This is a developing story. Check back for updates. https://www.palmbeachdailynews.com/story/business/real-estate/2022/04/06/palm-beach-spec-mansion-sale-said-scrape-50-m-near-mar-lago/948244…

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1/10/23, 8:58 AM

Designer Tom Ford is buyer behind $51M house purchase in Palm Beach

REAL-ESTATE

Designer Tom Ford behind trust that bought Palm Beach house for $51 million: sources The Palm Beach Daily News has confirmed that Ford is linked to the trust that bought a contemporary-style house at 241 Jungle Road in December.

Darrell Hofheinz Palm Beach Daily News Published 9:55 p.m. ET Jan. 9, 2023

Updated 8:27 a.m. ET Jan. 10, 2023

Fashion designer Tom Ford is the buyer behind a trust that paid a recorded $51 million in December for an award-winning, contemporary-style house in Palm Beach’s Estate Section, the Palm Beach Daily News has confirmed with multiple sources familiar with the off-market transaction.

As the Daily News reported at the time of the sale, the estate at 241 Jungle Road was sold by a limited liability company controlled by private-equity specialist Rob Heyvaert.

Ford bought the house through the Aurora Trust, for which California attorney Joel Patrick Erb serves as trustee. The trust’s mailing address on the deed is that of Gelfand, Rennert & Feldman, a Los Angeles law firm that specializes in representing celebrities. The deed was recorded Dec. 20.

The Wall Street Journal on Monday was the first outlet to report Ford’s involvement in the deal.

The estate was completed in 2016 as a custom home for longtime residents James Held and Kenn Karakul, who serves on the town’s architectural board. Heyvaert’s company last year bought the house for a recorded $35.75 million.

The estate comprises two single-story buildings with a combined 12,914 square feet of living space, inside and out, according to property records. On the north side of Jungle Road, the lake-block lot measures about an acre. https://www.palmbeachdailynews.com/story/business/real-estate/2023/01/10/designer-tom-ford-is-buyer-behind-51m-house-purchase-in-palm-beach-f…

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Designer Tom Ford is buyer behind $51M house purchase in Palm Beach

The house stands about a half-mile south of Worth Avenue and about a mile north of former President Donald Trump's Mar-a-Lago Club.

Sale closed in December: Sold in 2021 for about $36M, Palm Beach house on Jungle Road brings $51M in off-market deal From the 2021 archives: UPDATE: Award-winning contemporary-style house fetches $35.75 million in Palm Beach: deed Ford could not be reached for comment late Monday. The Wall Street Journal reported that Ford and Heyvaert did not respond to a request for comment.

Broker Christian Angle of Christian Angle Real Estate confirmed in December he was the only real estate broker or agent involved in the sale. But Angle declined to make any further comment.

In November, The Estée Lauder Cos. announced it would acquire the Tom Ford brand, which it valued at $2.8 billion. The announcement said The Estée Lauder Cos. would be the sole owner of the brand “and all its intellectual property.”

With deep residential ties to Palm Beach, members of the billionaire Lauder family serve in a number of leadership positions at The Estée Lauder Cos. Ford founded his eponymous fashion label in 2005 after stints as creative director for Gucci and Yves Saint Laurent. The line includes apparel for men and women, beauty products, eyeglasses and accessories.

“I could not be happier with this acquisition as The Estée Lauder Companies is the ideal home for the brand,” Ford said in a statement accompanying November’s announcement of the acquisition.

Ford also has directed feature films, including 2009’s “A Single Man” starring Colin Firth.

Ford was nominated for an Academy Award for the film.

Heyvaert founded and is managing partner of Motive Partners, a specialist private-equity firm that focuses on financial technology.

Read more about the house: Architect Daniel Kahan designs a modern-style home with an environmental focus on Jungle Road Down to the ground! Crews begin razing billionaire’s $110-million-plus tear-down mansion in Palm Beach https://www.palmbeachdailynews.com/story/business/real-estate/2023/01/10/designer-tom-ford-is-buyer-behind-51m-house-purchase-in-palm-beach-f…

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Designer Tom Ford is buyer behind $51M house purchase in Palm Beach

In 2019, the Preservation Foundation of Palm Beach awarded architect Daniel Kahan the Elizabeth L. and John H. Schuler Award, which recognizes excellence in new architecture, for his work on the Jungle Road house. Kahan, a principal with Smith and Moore Architects, shared the award with Held and Karakul.

Karakul, Held and Kahan could not be reached for comment.

The house has a gallery-white exterior, flat roof and custom-built, 13-foot-tall French doors.

The floorplan revolves around an open-air courtyard.

The house was built to be extremely energy efficient and environmentally sustainable, Held told the Palm Beach Daily News when the house won the award. Among its features is an extensive system of rooftop solar panels.

The layout includes an expansive living room with a 15-foot ceiling, a library, an office and a space originally designated as a music room. The family room, which is open to the breakfast area and kitchen, looks out to a loggia and the guesthouse on the opposite side of the swimming pool.

The Palm Beach Daily News was the first outlet to report the sale of the house in December. dhofheinz@pbdailynews.com * This is a developing story. Check back for updates.

Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz.

https://www.palmbeachdailynews.com/story/business/real-estate/2023/01/10/designer-tom-ford-is-buyer-behind-51m-house-purchase-in-palm-beach-f…

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3/11/22, 1:02 PM

Condo resembling a townhome sells for nearly $18M in Palm Beach: MLS

REAL-ESTATE

Sold! Condo resembling a townhome fetches $17.8 million in Midtown Palm Beach, MLS shows The five-bedroom residence in the Palazzo Villas quad-plex at 221 Brazilian Ave. in Midtown last sold for $7 million two years ago.

Darrell Hofheinz Palm Beach Daily News Published 11:58 a.m. ET March 11, 2022

Updated 1:00 p.m. ET March 11, 2022

A five-bedroom condominium that looks like a townhouse — and is as large as many Palm Beach homes — has sold at 221 Brazilian Ave. for $17.8 million, the price reported Thursday in the multiple listing service.

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3/11/22, 1:02 PM

Condo resembling a townhome sells for nearly $18M in Palm Beach: MLS

The residence changed hands new two years ago for a recorded $7 million, the first of the units in its Midtown quad-plex to be sold by the project’s developer. The buyer in the 2020 sale was businessman Paul E. Gallagher, property records show.

The condo had been listed since early February at $17.995 million by broker Christian Angle of Christian Angle Real Estate.

The unit has 5,242 square feet of living space, inside and out, of which just over 5,000 square feet is air-conditioned, according to the sales listing.

The townhouse is on one end of the Palazzo Villas development on the north side of the Brazilian Ave., immediately west of a commercial building on South County Road. Its convenience to shopping and dining options on South County Road and Worth Avenue were among the development’s prime selling points.

A deed for the Palazzo Villas condo had not been recorded as of Friday morning, so the buyer’s identity is not yet available in public records. It’s also unclear whether the price reported in the MLS will match the one to be recorded with the deed at the Palm Beach County Courthouse.

Agent Alice D. Hodach of Keller Williams Palm Beach Island represented the buyer, according to the closed sales listing.

Listed in February: Price just set for 221 Brazilian Ave. scrapes $18 million, on the heels of nearby unit The Mediterranean-style development was completed in 2018. Each of the three-level residences, which share common walls, has its own two-car garage and, in the backyard, a private pool area with a covered loggia, whirlpool spa and summer kitchen.

Although the units in Palazzo Villas resemble townhouses, the development is classified as a condominium, so it has its own homeowners’ association, which maintains the landscaping and handles maintenance at the property.

Angle declined to discuss the sale, and Gallagher could not be reached immediately for comment.

But when Angle listed the residence, he told the Palm Beach Daily News: “It lives like a home in the center of town. And it has windows everywhere.”

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3/11/22, 1:02 PM

Condo resembling a townhome sells for nearly $18M in Palm Beach: MLS

When Gallagher bought the residence, he owned a condominium in the oceanfront Winthrop House, which he sold in June 2020 for a recorded $2.275 million, according to courthouse records.

In early 2021, Gallagher and his wife, Valeria, paid $895,000 for a renovated two-bedroom condominium in Villa Del Sur at 226 Brazilian Ave., property records show. That condo building is catty-corner from the Palazzo Villas on the opposite side of the street. The unit in Villa Del Sur, No. 2C, has 1,317 total square feet.

‘Perfect for entertaining’ Angle’s sales listing for the Palazzo Villas unit described the residence’s “gorgeous finishes” that include floors of hardwood and marble. The kitchen is outfitted with “top-of-the-line appliances” and has a nearby butler’s pantry.

The layout also includes an open-plan living area in which foot traffic flows easily through the living room, formal dining room, family area and breakfast room — “perfect for entertaining,” Angle’s listing states.

The “owner’s suite,” meanwhile has an en-suite bathroom, walk-in closets and a balcony overlooking the pool.

Other selling points included the 11½ -foot ceilings, an elevator, a fireplace, a generator, and impact-resistant windows and doors.

Price hike next door: Asking price for second-priciest Palm Beach condo rises to $19.5 million Big 2021 condo deals: What were the year’s biggest condo, townhouse sales in Palm Beach?

Angle acted on behalf of Gallagher when he bought the condo from developer ARCA 21 LLC, a limited liability company at one point controlled by the late businessman and real estate investor Arnaldo Cuhna Campos. With ties to Brazil and Boca Raton, Campos bankrolled the Palazzo Villas project.

In the 2020 sale, Douglas Elliman agents Christopher Leavitt and Ashley McIntosh acted for the developer.

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3/11/22, 1:02 PM

Condo resembling a townhome sells for nearly $18M in Palm Beach: MLS

One other condo in Palazzo Villas, at 219 Brazilian Ave., is listed for saIe in the MLS, which also shows it is under contract. Agent Jim McCann of Premier Estate Properties has that unit priced, furnished, at $19.95 million. No 219 had been extensively customized before it sold in May for a recorded $11.99 million.

Property records show No. 219 is owned by a land trust for which Palm Beach attorney M. Timothy Hanlon serves as trustee.

In the Gallaghers’ February 2021 purchase at Villa Del Dur, agent Leslie Dashiell of the Corcoran Group handled both sides, the MLS shows. In Paul Gallagher’s June 2020 sale of unit No. 307 at the Winthrop House, 100 Worth Ave., the MLS shows Angle was the listing broker opposite agent James Upham Clarke of Illustrated Properties. * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/03/11/condo-resembling-townhome-sells-nearly-18-m-palm-beach-mls/6998988… 4/4

12/7/22, 8:52 AM

Buyer of Palm Beach home linked to Reyes family’s beer-and-food empire

REAL-ESTATE

Buyer of Palm Beach house is linked to Reyes family’s beer-distribution empire A remodeled Bermuda-style house at 231 El Dorado Lane in Palm Beach has changed hands for a recorded $9.55 million.

Darrell Hofheinz Palm Beach Daily News Published 8:23 a.m. ET Dec. 7, 2022

Updated 8:46 a.m. ET Dec. 7, 2022

A company associated with the Reyes family’s beer-distribution empire has paid $9.55 million for a four-bedroom house on the North End of Palm Beach, according to a deed recorded Nov. 6.

A Delaware-registered limited liability company named Rockefeller Road LLC bought the house at 231 El Dorado Lane, the document shows.

Pubic records link Rockefeller Road LLC to Reyes Holdings LLC, the Rosemont, Illinoisbased food-and-beverage distribution company with more than $30 billion in sales and 33,000 employees, according to Forbes and the company website.

Rockefeller Road LLC bought the house from another Delaware-registered entity, Golden Gator Road Holdings LLC., which paid a recorded $4.27 million for the house in June 2020, property records show.

The deed lists Golden Gator Road Holdings address as 250 Royal Palm Way, Suite 305, in Palm Beach. New York attorney Anthony Onorato signed the deed as the seller’s authorized representative.

No other information about the seller was immediately available in public records.

The Bermuda-style house has been extensively remodeled since it was built in 1955.

With 3,961 square feet of living space, inside and out, the residence features fine finishes, custom built-in cabinetry, a gas fireplace in the living room and a well-equipped kitchen, https://www.palmbeachdailynews.com/story/business/real-estate/2022/12/07/buyer-palm-beach-home-linked-reyes-familys-beer-and-food-empire/108…

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12/7/22, 8:52 AM

Buyer of Palm Beach home linked to Reyes family’s beer-and-food empire

according to the sales listing prepared by broker Christian Angle of Christian Angle Real Estate.

Down to the ground! Crews begin razing billionaire’s $110-million-plus tear-down mansion in Palm Beach Big listing: Casino billionaire Steve Wynn lists investment house in Palm Beach at $78.5 million Members of the Reyes family have been linked to a number of Palm Beach real estate transactions over the years. But it’s unclear who exactly is behind the entity that bought the house.

Sotheby’s International Realty agents Lisa and John Cregan, represented the buyer, according to the updated sales listing in the multiple listing service. The sale closed Dec. 1, the MLS shows.

Like Angle, the Cregans did not immediately respond to a message seeking comment.

The Cregans represented billionaire David “Duke” K. Reyes and his wife, Pamela A. Perri Reyes, in April when they sold, for a recorded $21 million, a house they owned at 151 Chilean Ave. in Midtown, according to records at the courthouse and in the MLS. The Reyeses are said to have bought a house in the Estate Section.

Related sale?: Billionaire Duke Reyes, wife sell house in Midtown Palm Beach for $21 million Duke Reyes is on the list: Palm Beach sees hike in billionaires, analysis of Forbes data shows

James Reyes also owns a Palm Beach home, property records show Duke Reyes is CEO of Reyes Holdings, the parent of Reyes Beer Division; MB (Martin Bowers), which is billed as the largest McDonald’s distributor in the world; and Reyes CocaCola Bottling, which serves the Midwest and the West Coast.

Reyes Holdings was founded by Duke Reyes’ older brothers, Chris and Jude Reyes, who serve as its co-chairmen. Two other brothers, including Palm Beach resident James Reyes, are also involved in the company. https://www.palmbeachdailynews.com/story/business/real-estate/2022/12/07/buyer-palm-beach-home-linked-reyes-familys-beer-and-food-empire/108…

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Buyer of Palm Beach home linked to Reyes family’s beer-and-food empire

The Reyes’ company in early 2015 bought Gold Coast Beverage Distributors — a beer distributor based in Doral in Miami-Dade County — from Palm Beach resident Stephen Levin.

West Palm Beach attorney Paul Krasker signed a 30-year, $7.16-million mortgage with Citibank on the house on El Dorado Lane on behalf of Rockefeller Road LLC. The mortgage document was recorded simultaneously with the deed.

Illinois-based accountant and wealth manager Ronald J. Spiotta is listed in business records as the manager of Rockerfeller Road LLC.

Palm Beach house on El Dorado Lane has soaring ceilings, fine finishes Angle’s listed the house in August for $9.75 million. It stands on a midblock lot on the fourth street south of the Palm Beach Country Club.

The sales listing described the open floor plan and its “light and bright” formal living room with soaring ceilings. There are also “stunning solid oak flooring, marble flooring, Porcelinosa bathrooms and Fantini bath fixtures,” the listing said. The layout includes an expansive primary suite, a library and a two-car garage.

The front and rear gated gardens were designed by Nievera Williams Design. The rear of the house features a covered loggia and a pool.

Angle also handled both sides of the 2020 deal when Golden Gator Holdings LLC bought the house from Peter and Irina Dictenberg, courthouse and MLS records show.

In the April sale involving Duke and Pamela Reyes on Chilean Avenue, Compass Florida agent Jonathan Duerr represented the buyer, a land trust. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/12/07/buyer-palm-beach-home-linked-reyes-familys-beer-and-food-empire/108…

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6/10/22, 12:31 PM

Palm Beach house brings nearly $40M after selling year ago for $25.4M

REAL-ESTATE

Lakeside Palm Beach house brings $39.9M after selling last year for $25.4M, records show

auty mogul Adrien Arpel sold 1020 N. Lake Way to a company controlled by s, who just flipped it for $14.525 million more. A trust was on the buyer’s side of the Darrell Hofheinz Palm Beach Daily News Published 12:47 p.m. ET June 3, 2022

Updated 2:52 p.m. ET June 4, 2022

A lakefront house that changed hands about a year ago for $25.375 million in Palm Beach was resold this week for its asking price of $39.9 million, the price recorded with the deeds.

The price difference — $14.525 million — between the sales at 1020 N. Lake Way represents a 57 percent hike in value for the house, which was sold last year by beauty mogul and homeshopping television star Adrien Arpel.

Lakefront properties with water deep enough to accommodate a yacht of 75 to 80 feet in length, depending on its draft, are rare finds in Palm Beach and fetch premium prices, thanks to intense buyer demand, according to Palm Beach real estate observers.

Arpel sold her four-bedroom house in May 2021 to a company controlled by businessman Warren B. Kanders and his wife, Allison, who have ties to Greenwich, Connecticut.

In November 2020, the couple bought another North End house from singer Jimmy Buffett and his wife, Jane.

They bought Jimmy Buffet's home: Jimmy Buffett, wife sell house in Palm Beach for $6.9 million Rare properties: Yacht owners shopping for deep-water lakefront in Palm Beach have just a few choices https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/03/palm-beach-house-brings-40-million-after-selling-year-ago-for-about-25-…

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The Kanderses had sought, unsuccessfully, permission from the town’s architectural board to build a new house they had designed to replace the home at 1020 N. Lake Way. Built in 1998, the two-story house stands on nearly half an acre at the intersection of North Lake Way and Garden Road, six streets north of Palm Beach Country Club.

With about 7,600 square feet, the house looks out to 105 feet of waterfront, a deepwater dock and the Rybovich Marina in West Palm Beach.

A revocable trust named after the property’s address was on the buyer’s side, according to the deed recorded Friday by the Palm Beach County Clerk’s office. West Palm Beach attorney Paul A. Krasker serves as its trustee.

Because of privacy rules governing trusts, no other information about anyone else connected to the buyer’s side was immediately available in public records.

The house was on the market for only two weeks before it landed under contract April 29, according to its sales listing, which was updated Friday in the local multiple listing service.

Broker Christian Angle of Christian Angle Real Estate had the listing. He declined to comment for this story.

But shortly after the property entered the market April 15, he told the Palm Beach Daily News, “We’ve gotten a lot of interest and have been doing multiple showings.

Agents Paulette Koch and Dana Koch of the Corcoran Group handled the buyer’s side. Dana Koch declined to discuss the sale.

Sold about a year ago: Beauty maven Adrien Arpel sells Palm Beach lakeside house for $25.38 million: deed Arpel buys condo under married name: Palm Beach homes: Seaside condo brings $9.41 million; sellers built new home Warren Kanders’ resume has included investing in industries ranging from health care, hospitality and restaurants to infrastructure and real estate, according to an online biographical sketch. He founded Benson Eyecare Corp. and has served as executive chairman of Clarus Corp., president of Kanders & Co., and chairman and CEO of Maui https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/03/palm-beach-house-brings-40-million-after-selling-year-ago-for-about-25-…

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Palm Beach house brings nearly $40M after selling year ago for $25.4M

Acquisition Corp. The latter is the parent company of The Safariland Group, which owns Safariland, a manufacturer and distributor of products used by law enforcement, military, fire-rescue and EMS personnel.

Arpel had owned — and sold — the house, which she extensively renovated, under her married name, Adrienne Newman. In 2020, she paid $9.4 million for an oceanside condominium at the Leverett House on Sunset Avenue, property records show.

The house on North Lake Way has French-influenced architecture with a mansard-style roof and a brick motor court fronting the attached two-car garage. In addition to the main bedrooms, the house has a one-bedroom staff apartment with a separate entrance.

The layout includes a formal dining room, a wet bar and a living area with French doors that open to a covered loggia offering views of the backyard pool and the lake beyond. Interior details include stone floors, coffered ceilings and a sleek kitchen accented with wood elements.

Shortly after buying the house, the Kanderses earned the town’s permission to demolish it.

In November, the Architectural Commission voted 4-3 to kill a Palm Beach Regency-style design by Michael Perry of MP Design & Architecture after it had been in the review process for several months. The board said it lacked architectural interest, was too boxy and appeared too formal for the neighborhood.

When Perry returned to the commission with a new neoclassical design in March, board members asked him to refine the proposed house’s proportions, scale and some details before deferring the project to their April meeting. But the owners instead requested and got deferrals at the April and May meetings.

Whoever bought the house this week is considering keeping it intact, sources familiar with the transaction told the Palm Beach Daily News.

Angle represented the Kanderses last year when they bought the house in a deal that saw broker Lawrence Moens of Lawrence A. Moens Associates acting on behalf of Arpel.

Property records list a Palm Beach address on Royal Poinciana Way for Three Palm Trees LLC, the Florida-registered company that Warren Kanders used to buy the property from Arpel. He has family ties to Palm Beach, where his parents, Jeanne Kanders and Dr. Ralph Kanders, own a condominium, property records show.

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Palm Beach house brings nearly $40M after selling year ago for $25.4M

Angle also represented the Kanderses when they bought the former Buffett house last fall on Garden Road, negotiating opposite listing broker Denise A. Hanley of Denise A. Hanley Inc. When Arpel bought her Leverett House condo in March 2020, agent Cristina Condon of Sotheby’s International Realty handled the buyer’s side of opposite listing agent Suzanne Frisbie, then of Premier Estate Properties but today with the Corcoran Group.

A New Jersey native with ties to New York, Arpel bought the house on North Lake Way in 2000, property records show.

Arpel entered the beauty industry as a teenager more than 50 years ago, according to published biographical sketches. She developed her own line of makeup under the brand Adrien Arpel, a name she devised, and sold it in department stores. In 1992, she became a popular vendor on the HSN shopping network, where her beauty and jewelry lines are marketed under the name Signature Club A by Adrienne. She has written several books on beauty topics. * This story was updated from a previous version. This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

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1/6/22, 6:12 PM

Palm Beach house fetches $13.21M, or 75 percent more than a year ago

REAL-ESTATE

Palm Beach house that sold for $7.5M a year ago resold for $13.21 million, MLS shows The house at 215 Via Tortuga is in the Phipps Estate neighborhood on the North End of town.

Darrell Hofheinz Palm Beach Daily News Published 1:54 p.m. ET Jan. 6, 2022

Updated 2:29 p.m. ET Jan. 6, 2022

A house in Palm Beach’s Phipps Estate enclave has changed hands for $13.21 million — about 75 percent more than it sold for about a year ago, according to courthouse records and a sales listing updated Wednesday.

The three-bedroom house 215 Via Tortuga on the near North End was apparently sold by a Florida limited liability company named after the address. That company paid a recorded $7.25 million for it in late December 2020.

A deed for the most recent sale had not been recorded as of Thursday afternoon, so the buyer’s identity wasn’t yet available in public records. It was also unclear if the price for the closed sale reported in the multiple listing service would match the one expected to be recorded by the Palm Beach County Clerk’s office.

The house is only the latest property to change hands in Palm Beach at a price significantly higher than it sold for in 2020 or 2021. Since March 2020 — when town officials first declared a state of emergency in reaction to the coronavirus pandemic — Palm Beach has seen a rush of real estate sales, which has depleted the housing supply and created a sellers’ market that has sent prices soaring.

Big flip: Palm Beach estate sells for $41.7M — $15.6M more than it sold for in January The entity that owned the property on Via Tortuga is managed by real estate attorney Robert.

S. Raynes Jr. of the Gunster law office in Stuart, courthouse and business records show.

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Palm Beach house fetches $13.21M, or 75 percent more than a year ago

Broker Christian Angle of Christian Angle Real Estate, who represented the seller, also handled the buyer’s side of the sale a year ago, according to the multiple listing service.

Angle listed the house at $14.9 million on Nov. 30 and it was under contract within a week, the MLS shows. Agent Spencer J. Schlager of Douglas Elliman Real Estate brought the buyer.

Angle and Schlager declined to comment about the sale on Via Tortuga. A phone message left Thursday for Raynes was not immediately returned.

House among first built in neighborhood The single-story house was built in 1997 and was one of the original homes developed in the Phipps Estate neighborhood. With 6,738 square feet of living space, inside and out, the house stands on the northernmost of the two streets in the development, which lies about a mile north of Royal Poinciana Way. Angle’s sales listing mentioned the house has living areas “perfect for entertaining.” The foyer leads to an “oversized” living room and the formal dining room. There’s also a club room with a full bar. At the rear of the house, an outdoor loggia overlooks a patio and swimming pool.

The master’s suite has five walk-in closets, two full bathrooms and a sitting room, according to the listing.

The company that owned the house, 215 Via Tortuga LLC, bought it in a sale that closed Dec. 30, 2020, from the estate of the late Violet Werner, who died at 93 in February 2019. Broker Lawrence Moens of Lawrence A. Moens Associates held the listing when Werner’s two children sold the house.

Werner had bought the house in December 1996 with her late husband, Harvey L. Werner, for $1.275 million. The couple had ties to Minneapolis.

Price hike: Palazzo Villas unit sold for $6M in January flipped for $12M: deed The house is one of six houses listed in the MLS to have sold in Phipps Estate in the last two years, an online search Thursday showed.

Via Torguga and Via Las Brisas — the other street in Phipps Estate — border the multiacre estate known as Casa Phippsberger, which is home to artist Susie Phipps Cochran and her businessman husband, Bob Eigelberger. https://www.palmbeachdailynews.com/story/business/real-estate/2022/01/06/palm-beach-house-fetches-12-21-m-75-percent-more-than-year-ago/911…

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Palm Beach house fetches $13.21M, or 75 percent more than a year ago

As the first planned single-family development in town, Phipps Estate was developed by the Dan E. and Karen Swanson of Addison Development Corp. on land once owned by the Phipps family, who were among Palm Beach's most prominent property owners.

The main entrance to the neighborhood is off North County Road, with gated entrances also accessing North Lake Way. The neighborhood has a residents’ association and offers homeowners concierge services.

Another Palm Beach flip: House sold in December for $7M resold for $11M In November, the players on the seller’s side of the Via Tortuga sale both took part on the buyer’s end of much larger real estate deal at 1700 S. Ocean Blvd. in Palm Beach, but it’s unclear if the two sales are related.

In the transaction on South Ocean Boulevard, a new oceanfront mansion sold for a recorded at $41 million. Raynes manages the Florida limited liability company – named after the property’s address – that bought the property, while Angle acted for the buyer at the negotiating table. No one else associated with the buyer on South Ocean Boulevard has been identified in public records.

Angle has declined consistently to discuss the South Ocean Boulevard sale, as has the listing agent, Shelly Newman of William Raveis South Florida. * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/01/06/palm-beach-house-fetches-12-21-m-75-percent-more-than-year-ago/911…

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6/10/22, 12:32 PM

Palm Beach house fetches $23.85M, a 76% jump in value since 2020 sale

REAL-ESTATE

Palm Beach house fetches $23.85 million, a 76% jump in value since it sold new in 2020 Completed in 2020, the house at 101 Gulfstream Road near Midtown Beach just sold at close to its asking price, the multiple listing service shows.

Darrell Hofheinz Palm Beach Daily News Published 12:40 p.m. ET May 23, 2022

Updated 9:32 a.m. ET May 24, 2022

A house completed on speculation in 2020 near the ocean in Midtown Palm Beach has sold for a recorded $23.85 million, or just shy of its asking price in local multiple listing service.

The house last changed hands for a recorded $13.525 million in July 2020, and its 76% jump in value reflects the fierce demand for newer homes that has kept real estate agents scrambling during the past two years.

In the 2020 sale, Mark T. and Elizabeth A. Massey of South Hamilton, Massachusetts, bought the house from its developer through their ChubbyChooChoo Trust, for which Oliver F. Ames Jr. served as trustee, property records show. All three of their names are listed on the seller's side of the deed for the sale that closed last week.

The buyer was 101 Waters Edge LLC, a Delaware-registered limited liability company with an address at an office building at 444 Lake St. in Chicago. Because of Delaware's strict corporate privacy laws, no other information about the buyer's side of the sale was immediately available in public records.

The five-bedroom house has 9,069 square feet of living space, inside and out, according to the sales listing prepared by broker Christian Angle of Christian Angle Real Estate.

Angle had listed the house in early February at $23.95 million. The property was under contact by March 25 and the sale closed Friday, the MLS shows.

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Palm Beach house fetches $23.85M, a 76% jump in value since 2020 sale

Online sources show a Mark T. Massey co-founded AltaRock Partners LLC, a Massachusettsbased hedge fund.

With ties to Massachusetts, the Masseys have the Palm Beach house homesteaded as their primary residence in the latest tax rolls, records show.

Agents Pat McInerney and Sylvia James of Brown Harris Stevens handled the buyer’s side of the sale, the MLS shows.

McInerney declined to comment, and Angle and his clients could not immediately be reached.

Palm Beach-based Frisbie Group developed the house on a third of an acre after buying the lot vacant in 2018 as part of its $26.3 million purchase of the old Charley’s Crab restaurant site facing Midtown Beach.

The developer razed the restaurant and built four ultra-luxury townhouses on the oceanfront portion of the property, three of which have sold for a combined $83.35 million.

House sold new in 2020: Frisbie Group’s ‘spec’ home brings $13.53M at 101 Gulfstream Road, deed shows New townhomes bring big bucks: Seaside townhouse quadplex sees third sale, for $27.75 million, in Palm Beach, deed shows Designed by architect Roger Janssen, the Mediterranean-style house that just changed hands stands immediately west of the townhouse project.

With beamed ceilings and hardwood floors, the house has a formal living room with a fireplace along with a library, Angle’s sale listing shows.

A butler’s pantry links the formal dining room to a well-equipped kitchen, while the nearby family room has a wet bar and built-in cabinetry. Folding glass doors open to a covered loggia designed for indoor/outdoor entertaining, the listing says. A detached cabana overlooks the pool, which has a built-in whirlpool spa.

The house also has a finished basement with a media-and-game area, wine storage and a “bonus room.”

In the 2020 transaction, Angle handled the buyer’s side. He negotiated opposite agent Suzanne Frisbie, a Frisbie Group principal who at the time was affiliated with Premier Estate Properties but has since moved to the Corcoran Group. https://www.palmbeachdailynews.com/story/business/real-estate/2022/05/23/palm-beach-house-fetches-23-85-m-76-jump-value-since-2020-sale/9893… 2/3

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* This story was updated May 24, 2022 — the day the deed recorded for the sale of 101 Gulfstream Ave. — to include information about the buyer. This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

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12/20/22, 3:33 PM

Palm Beach house fetches $51M after selling last year for about $36M

REAL-ESTATE

Sold last year for about $36M, Palm Beach house brings $51M in off-market deal Darrell Hofheinz Palm Beach Daily News Published 1:09 p.m. ET Dec. 20, 2022

Updated 1:30 p.m. ET Dec. 20, 2022

After selling in the summer of 2021 for $35.75 million, an award-winning, contemporarystyle house in Palm Beach has just changed hands for $51 million, according to the prices recorded with the deeds in the off-market sales.

Private-equity specialist Rob Heyvaert sold the Estate Section house and guesthouse at 241 Jungle Road through RH Real Estate Organization LLC, a Delaware-registered limited liability company he controls, the deed recorded Tuesday shows. RH Real Estate Organization LLC bought the Palm Beach estate in August last year, courthouse records show.

A trust was on the buyer’s side in the sale recorded this week, with California attorney Joel Patrick Erb serving as trustee. The 241 Aurora Trust’s mailing address on the deed is that of Gelfand, Rennert & Feldman, a Los Angeles law firm that specializes in representing celebrities, according to published reports.

Erb works at a different law firm, Pioneer Law Group in Sacramento, according to online records. He couldn’t immediately be reached for comment, and because of the rules governing trusts, no other information about the buyer was immediately available in public records.

Sold last year: UPDATE: Award-winning contemporary-style house fetches $35.75 million in Palm Beach: deed Read more about the Jungle Road house: 'Simplicity and Consistency' https://www.palmbeachdailynews.com/story/business/real-estate/2022/12/20/palm-beach-house-fetches-51m-after-selling-last-year-for-about-36m/697…

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The estate on Jungle Road was completed in 2016 as a custom home for longtime Palm Beach residents James Held and Kenn Karakul, who serves on the town’s architectural board.

The estate comprises two single-story buildings with a combined 12,914 square feet of living space, inside and out, according to property records. On the north side of the Jungle Road, the lake-block lot measures about an acre and is the second parcel west of South County Road. The house stands about a half-mile south of Worth Avenue and about a mile north of former President Donald Trump’s Mar-a-Lago Club.

Broker Christian Angle of Christian Angle Real Estate confirmed that he was the only real estate broker or agent involved in this week’s sale. He declined to make any further comment.

Heyvaert founded and is managing partner of Motive Partners, a specialist private-equity firm that focuses on financial technology. The company has locations in New York and London. Through his office, Heyvaert declined to comment about the sale.

Architect Daniel Kahan designed the house, with its gallery-white exterior, flat roof and custom-built, 13-foot-tall French doors. The floorplan revolves around an open-air courtyard.

In 2019, the Preservation Foundation of Palm Beach awarded Kahan the Elizabeth L. and John H. Schuler Award, which recognizes excellence in new architecture. Kahan, a principal with Smith and Moore Architects, shared the award with Held and Karakul.

America’s wealthiest: America’s wealthiest: Trump back on Forbes 400 and is among list’s 34 Palm Beach billionaires Down to the ground! Crews begin razing billionaire’s $110-million-plus tear-down mansion in Palm Beach The house was built to be extremely energy efficient and environmentally sustainable, Held told the Palm Beach Daily News when the house won the award. The design featured an extensive system of rooftop solar panels, while parts of the flat roof were planted with strips of grass to help absorb heat from the sun. The house also was designed with a fresh-air ventilation system, a technologically advanced water-collection system and highly efficient air-conditioning units.

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Palm Beach house fetches $51M after selling last year for about $36M

The layout includes an expansive living room with a 15-foot ceiling, a library, an office and a space originally designated as a music room. The family room, which is open to the breakfast area and kitchen, looks out to a loggia and the guesthouse on the opposite side of the swimming pool.

Landscape architect Mario Nievera of Nievera Williams Design drew up the original plans for the grounds. The construction was overseen by contractor Hugh Davis of Davis General Contracting.

The sale is the second off-market transaction above $30 million on Jungle Road this month.

Via a deed recorded Dec. 12, an ownership entity affiliated with Palm Beach real estate investor Richard True and Courchene Development Co. of Boca Raton sold, for a recorded $32 million, a never-lived-in house they developed on speculation at 220 Jungle Road. The buyer in that deal was a trust for which Palm Beach real estate attorney Louis L. Hamby III acted as trustee. Angle was the only broker involved in the sale of No. 220, the broker confirmed.

The six-bedroom, Mediterranean-style house at 220 Jungle Road has about 9,000 square feet of living space, inside and out, according to the plans approved in 2019 by the Architectural Commission. * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/12/20/palm-beach-house-fetches-51m-after-selling-last-year-for-about-36m/697…

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2/8/22, 8:45 AM

Palm Beach house nearly doubles its sale price from a year ago: deeds

REAL-ESTATE

Palm Beach house fetches nearly twice what it sold for a year ago: deeds A newer house at 307 Chilean Ave. sells for $12 million after changing hands in December 2020 for $6.34 million, according to the prices recorded at the courthouse.

Darrell Hofheinz Palm Beach Daily News Published 1:57 p.m. ET Jan. 28, 2022

Updated 9:42 p.m. ET Jan. 29, 2022

Add another home sale to the ever-growing list of Palm Beach real estate transactions where sellers have seen their investments deliver breathtaking short-term returns.

A four-bedroom house at 307 Chilean Ave. sold this week for nearly double what the seller paid for it in December 2020, the year it was built, according to the prices documented with the deeds. https://www.palmbeachdailynews.com/story/business/real-estate/2022/01/28/palm-beach-house-nearly-doubles-its-sale-price-year-ago-deeds/925162…

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Palm Beach house nearly doubles its sale price from a year ago: deeds

The sale was recorded Wednesday at $12 million by the Palm Beach County Clerk’s office.

The 2020 deed shows the property sold for $6.34 million.

The house has 3,988 square feet, of which 3,462 square feet is air-conditioned.

The seller this week was Grammarian Inc. That Florida corporation’s vice president is Fawwaz Nazem Kudsi, who signed the deed.

On the buyer’s side was KLS Investments LLC, a Delaware-registered limited liability company with a Houston address that matches that of Senterra Real Estate Group. Headed

by Chairman and CEO Neil H. Tofsky, Senterra Real Estate Group has experience in commercial and residential development, along with real estate management, leasing, construction and acquisitions, according to its website.

Broker Christian Angle of Christian Angle Real Estate represented the buyer. He declined to discuss the transaction.

The lot measures less than two-tenths of an acre and is the second property west of Hibiscus Avenue on one of Palm Beach’s oldest platted streets. Chilean Avenue is two blocks north of Worth Avenue.

The sales listing shows agent Elizabeth DeWoody of Compass Florida set a price of $12.5 million when the property entered the multiple listing service Dec. 20. It was under contract

by Jan. 10, and the deal closed 15 days later, the MLS shows.

DeWoody declined to comment.

The house was marketed unfurnished, but DeWoody’s listing described it as move-in ready — requiring no renovations — as a prime selling point in Palm Beach’s ultra-competitive real estate market at the height of the winter season.

“Bring your toothbrush,” the listing said.

DeWoody’s listing mentioned the house's “state-of-the-art” security system and its wellequipped kitchen — with two dishwashers — and Wolf, Sub-Zero and Miele appliances. The layout also includes a single-car garage, an elevator, a pair of laundry rooms and a master suite with twin closets and bathrooms.

The 2020 sales listing described floors of European white oak and white Bulgarian limestone flooring. https://www.palmbeachdailynews.com/story/business/real-estate/2022/01/28/palm-beach-house-nearly-doubles-its-sale-price-year-ago-deeds/925162…

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Palm Beach house nearly doubles its sale price from a year ago: deeds

The outdoor-entertaining area includes a pool, a whirlpool spa, an outdoor shower, a barbecue grill and a covered loggia equipped with motorized screens.

The house was designed by Palm Beach Architect Patrick Segraves of SKA Architect + Planner and built by Dunworth Builders. The landscape plan was created by Nievera Williams Landscape Design.

The residence was built as a custom home for the sellers in the 2020 deal, Justin B. and Meira S. Besikof, who instead decided to sell it as its completion neared. They had paid $2.25 million for the property in May 2019, property records show, and razed a four-bedroom rental-apartment building to accommodate the house.

The sales price recorded in the MLS for the 2020 sale was $6.9 million, a higher price than the one documented at the courthouse. Courthouse prices are frequently lower than contract prices, which may include items such as real estate commissions, closing costs and other fees.

In the 2020 sale, DeWoody acted for the buyer opposite Linda Olsson of Linda R. Olsson Inc., who in turn represented the Besikofs when they bought the property the previous year.

In the latter sale, agent Burt Minkoff of Douglas Elliman Real Estate was the listing agent.

Seller sold another Palm Beach home The seller in this week’s deal has bought and sold at least one other house in Palm Beach, courthouse records show. In May 2017, Grammarian Inc. paid a recorded $5.48 million for a then-new four-bedroom house with 5,207 square feet at 1233 N. Ocean Way on the North End. Sold in 2020: Palm Beach real estate: Grammarian Inc sells N. Ocean Way home Grammarian Inc. sold the North Ocean Way house for a recorded $7 million in November 2020 to Scott R. Norman of Chattanooga, Tennessee, according to property records. Officers of Grammarian Inc. include Kudsi along with Nazem Fawwaz Nazem Alkudsi and Hashim Fawwaz Nazem Alkudsi, according to state business records.

They have ties to Abu Dhabi in the United Arab Emirates, records show.

In the 2020 sale on North Ocean Way, DeWoody returned to represent the seller opposite Douglas Elliman agent Michael Costello, who has since joined Compass Florida. MLS records show DeWoody also had represented both sides in the 2017 sale, when she was affiliated with the Corcoran Group. https://www.palmbeachdailynews.com/story/business/real-estate/2022/01/28/palm-beach-house-nearly-doubles-its-sale-price-year-ago-deeds/925162…

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Palm Beach house nearly doubles its sale price from a year ago: deeds

Other sizable returns Driven by the strong sellers’ market, a number of other houses in Palm Beach have sold at prices that far exceeded the ones recorded in previous sales within the past year. Earlier this month, for example, a three-bedroom, 6,738-square foot house at 215 Via Tortuga changed hands for a recorded $13.21 million — about 75% more than it sold for in December 2020, according to courthouse records.

Solid profit: Palm Beach house that sold for $7.5M a year ago resold for $13.21M, deed shows And last month, a five-bedroom house at 231 Nightingale Trail in Palm Beach fetched a recorded $12.35 million; it sold in December 2020 for a recorded $9.35 million.

November saw a sale recorded $12.475 million for a four-bedroom, 4,968-square-foot house the sellers bought new in November 2020 for a recorded $7.44 million at 211 Ocean Terrace.

Notable sale: Sold new a year ago for $7.44 million, house fetches $12.48 million in Palm Beach The escalating price trends were backed up in fourth-quarter Palm Beach sales reports released recently by real estate agencies. Those reports generally agreed that prices had skyrocketed in 2021. The report released by the Corcoran Group, for instance, noted that average sale prices for single-family homes rose more than 80%.

A big year in sales: Palm Beach property deals in 2021 hit record $4 billion: Q4 sales reports The market has seen an influx of buyers partly driven not only by a desire for more open space because of the coronavirus pandemic. Other market forces at play include the popular work-from-home trend, relatively low interest rates and Florida’s favorable taxes compared to other areas of the country, real estate observers say. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today. https://www.palmbeachdailynews.com/story/business/real-estate/2022/01/28/palm-beach-house-nearly-doubles-its-sale-price-year-ago-deeds/925162…

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1/7/22, 10:53 AM

Palm Beach house sale tops $12M, at $1 million over asking price

REAL-ESTATE

Palm Beach house sells for recorded $12.25 million — $1 million over asking price Darrell Hofheinz Palm Beach Daily News Published 7:01 a.m. ET Jan. 7, 2022

Updated 10:13 a.m. ET Jan. 7, 2022

Longtime Palm Beachers Lawrence “Larry” F. and Victoria Lunt have sold — for a recorded $12.25 million — the four-bedroom house they bought new for about $5 million in 2017 on Palm Beach’s North End. The sales price exceeded by $1 million the asking of $11.25 million that was set when the property at 225 Plantation Road entered the local multiple listing price at the tail end of October.

The two-story house was developed on speculation by Sciame Homes and completed in 2015 with 4,683 square feet of living space, inside and out.

The buyer was a Florida limited liability company named after the property’s address and managed by Buckhead Development LLC of Atlanta, according to the deed recorded Thursday.

Buckhead Development LLC, in turn, is managed by Bijon Memar, according to courthouse records. A man by that name founded and is chairman of Medac Inc., which provides anesthesia products and services to clients in 40 states, according to its website. The company is based in North Augusta, South Carolina. Memar also founded and heads KAM Technologies, a related company.

Heard the latest? Read more Palm Beach real estate news On the seller’s side was a Florida limited partnership named Casa Para Siempre LP of Greenwich, Connecticut. Larry Lunt manages the selling entity’s Connecticut-registered parent company, Armonia LLC, the deed recorded Thursday show.

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With West Indies-style architecture, the house has an open floor plan focused on a great room, according to a previous story in the Palm Beach Daily News. The house has a secondfloor master suite, a library, a loggia and a cabana among its features. There also are an elevator and a two-car garage.

The lot measures about a quarter of an acre and lies eight blocks south of the Palm Beach County Club.

The Lunts have owned a home in Palm Beach since at least 2003, property records show. Belgian-born Larry Lunt is a private investor who manages his family office in Greenwich.

Nearby sale: Plantation Road house that sold for $7.5 million a year ago sells again for $13.21 million, MLS shows Broker Christian Angle of Christian Angle Real Estate held the listing for the house on Plantation Road. He landed it under contract on Nov. 8, about two weeks after the listing entered the MLS. Angle declined to comment about the transaction, which closed Dec. 29.

Agent Elizabeth DeWoody of Compass Florida acted on behalf of the buyer, according to the MLS. She also declined to comment.

Memar signed a $7.9 million, 30-year mortgage on the property with Northern Trust Co. The mortgage document was recorded simultaneously with the deed.

Angle was the listing agent when the house sold with its furnishings in 2017. In that deal, agent Michael Harris of Douglas Elliman Real Estate acted on behalf of the Lunts, the MLS shows.

The sale just recorded is the second within a week on Plantation Road. An MLS listing updated Wednesday showed that a new house at 260 Plantation Road has sold for $13.21 million. That was 75 percent more than the house sold for a year ago, courthouse records show. * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real https://www.palmbeachdailynews.com/story/business/real-estate/2022/01/07/palm-beach-house-sale-tops-12-m-1-million-over-asking-price/9123027002/ 2/3

3/11/22, 8:52 AM

Palm Beach house sale tops $14 million, double what it sold for in 2020

REAL-ESTATE

Value doubles! Renovated Palm Beach house sale tops $14M, twice what it sold for in 2020 The four-bedroom house at 1556 N. Ocean Blvd. was sold by Howard and Kerrie Lance to Palm Beach resident Martin G. McGuinn Jr. Darrell Hofheinz Palm Beach Daily News Published 7:00 a.m. ET March 11, 2022

Updated 8:13 a.m. ET March 11, 2022

A four-bedroom house that sold new in September 2020 for a recorded $7.15 million has just changed hands for more than double that price in Palm Beach, courthouse records show.

Businessman Howard Lance and wife Kerrie sold the North End house at 1556 N. Ocean Blvd. for $14.5 million, the price recorded Thursday with the deed. The Lances had renovated https://www.palmbeachdailynews.com/story/business/real-estate/2022/03/11/palm-beach-house-sale-tops-14-million-double-what-sold-2020/69899410… 1/3

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the home, according to its sales listing.

Palm Beach resident and banker Martin G. McGuinn Jr. bought the house, which stands on a lot measuring three-tenths of an acre at the corner of North Ocean Boulevard and Caribbean Road. It’s the fourth property from the beach.

The house has 5,552 square feet of living space, inside and out, property records show.

Wowza asking price: Vacant ocean-to-lake property lists at $150 million on Palm Beach’s Billionaires Row The deed says McGuinn is married but does not list his wife’s name. He has owned a condominium in L’Ermitage at 200 Bradley Place since 2015, courthouse records show. The apartment is under contract after being listed at $6.95 million, the local multiple listing service shows.

McGuinn has that apartment homesteaded as his primary residence in the latest tax rolls.

A man by the name of Martin McGuinn holds a law degree but spent most of his career in finance, holding executive positions as at Mellon Bank of Pittsburgh and later serving as CEO and Chairman of Mellon Finance Corp., according to an online biographical sketch.

McGuinn was represented in the purchase on North Ocean Boulevard by broker Christian Angle of Christian Angle Real Estate, the MLS shows.

Angle also has the listing in L’Ermitage for McGuinn’s three-bedroom apartment, No. 206. It last sold for $2.9 million in 2015.

Angle declined to comment, and McGuinn couldn’t be reached.

Sold in 2020: Lances buy new ‘spec’ house at 1556 N. Ocean Blvd. for $7.15M, deed shows The house on North Lake Way was marketed in the MLS by Sotheby’s International Realty agent Bobby Goodnough with colleague Raj Shrestha. They listed it for the Lances late last year at just under $17 million, later dropping the price to $15.995 million, the MLS shows.

The listing agents and the Lances couldn’t be immediately reached.

The two-story house’s layout includes an open-concept kitchen adjacent to the family room, along with a library and formal dining room. The “generously proportioned formal and informal rooms (flow) seamlessly,” the sales listing said.

Outside by the pool are patios and a covered loggia with a fireplace.

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Other features of the property include wine storage in the butler’s panty, an elevator and a generator.

The Lances have a home in Loxahatchee, the courthouse records show. They had the Palm Beach house homesteaded.

Double deal: 2 next-door homes sell for $23.53M in Palm Beach, nearly double their sale in late 2020 Howard Lance’s professional resume includes serving as chairman of the boards of Summit Materials, a Denver firm that services the paving industry, and of Nashville technology firm Change Healthcare, according to a brief online biographical sketch.

He also is a former president and CEO of Colorado-based Maxar Technologies and was previously an executive adviser specializing in private equity at The Blackstone Group, one of the world’s largest investment firms.

Goodnough and Shrestha represented the Lances when they bought the house in 2020, with Angle acting on behalf of its developer, Susan Shulman. She is married to Ron Pertnoy, who co-founded Shapiro Pertnoy, the West Palm Beach company that built the house. Shulman has developed a number of Palm Beach spec projects with her husband's firm over the years, building records show. * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

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1/5/23, 4:49 PM

Palm Beach house sells for $66 million after selling in 2021 for $35M

REAL-ESTATE

Palm Beach house fetches $66M after selling last year for about $35M The sale recorded this week for 6 Via Los Incas was an off-market deal. The oceanfront property sold in June 2021 for a recorded $35.43 million.

Darrell Hofheinz Palm Beach Daily News Published 10:25 a.m. ET Dec. 28, 2022

Updated 12:22 p.m. ET Dec. 31, 2022

Palm Beach has seen another sizable sale in which a property — this one a beachfront house at 6 Via Los Incas — sold for substantially more than it did last year.

The house on the North End of Palm Beach just changed hands privately for $66 million after selling in June 2021 for $35.43 million, according to the prices recorded with the deeds in both sales.

A Delaware-registered limited liability company named TT 47th LLC was the buyer, the deed recorded Wednesday shows. That entity was registered in Delaware on Nov. 22, according to business records. Because of Delaware’s strict corporate privacy laws, the identity of anyone connected to the buyer wasn’t readily available in public records.

Built in 1981 on a lot measuring six-tenths of an acre, the 9,775-square-foot house stands directly on the beach with 125 feet of shoreline on the North End. The house was sold by a Delaware-registered limited liability company named Sunshine Home 5 LLC. The company is linked in public records to HRS Management LLC, a family office founded by Josh Harris, who co-founded the New York City-headquartered privateequity company Apollo Global Management. He also founded the private-equity firm 26North; co-founded Harris Blitzer Sports Entertainment, known as HBSE; and is managing director of the Philadelphia 76ers professional basketball team.

Miami attorney Staci J. Rutman signed the deed recorded this week as the “authorized signatory” of the selling entity. She did not immediately return a phone message seeking https://www.palmbeachdailynews.com/story/business/real-estate/2022/12/28/florida-real-estate-palm-beach-house-sells-for-66-million-after-selling-in-2…

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comment about the sale.

Broker Christian Angle of Christian Angle Real Estate confirmed he handled the seller's side of the sale but declined to comment further.

Multiple sources confirmed that Douglas Elliman Real Estate agents Phatavanh and Derek Olsen represented the buyer. The Olsens would neither confirm nor deny their involvement.

Gunster attorney Brad McPherson, who also is listed on the deed, could not be reached.

Sold last year: Beachfront house at 6 Via Los Incas sells for $35.43 million in Palm Beach Big return on investment: Sold last year for about $36M, Palm Beach house brings $51M in off-market deal

Direct-beachfront properties rare in Palm Beach market Direct-beachfront properties have become rare birds in the Palm Beach market, real estate observers have noted, and as a result are continuing to earn premium prices when they sell.

The house is at the end of a cul-de-sac, a little more than a half-mile north of The Breakers. It was built by the late Palm Beach developer Robert Gottfried in his signature “Palm Beach Regency” style with classical details, 12-foot ceilings and grandly scaled rooms. The living room faces the ocean, and the layout also incudes a dining room and a library with a wet bar and a fireplace, according to previous sales listings.

When it sold last year, the layout included four en-suite bedrooms, a breakfast area off the kitchen and a temperature-controlled wine cellar. The seaside primary suite includes two dressing rooms and bathrooms.

The property has an outdoor loggia, a private beachside cabana and a swimming pool.

There's also a two-car garage.

In early November last year, Angle began marketing the furnished house for seasonal rent at $250,000 a month. A note on the listing said a short-term lease had already been signed at $226,000 a month for the period between Feb. 1 and March 31, 2023, according to the multiple listing service. The annual rental rate was $175,000 a month. That listing was canceled Tuesday.

Agent Gary Porher handled both sides of last year’s sale but said Wednesday he was not involved in the just-closed transaction. https://www.palmbeachdailynews.com/story/business/real-estate/2022/12/28/florida-real-estate-palm-beach-house-sells-for-66-million-after-selling-in-2…

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Palm Beach County records show a $33.6 million, 15-year mortgage on the property was signed with Bank of America in September 2021 on behalf of Sunshine Home 5 LLC by Frank Marra, vice president of the entity. A man by that name is managing director of finance for Apollo Global Management.

Palm Beach Board of Realtors President John O. Pickett III recently told the Palm Beach Daily News that price escalation on the island reflects a housing market where buyer demand for properties continues to outstrip the number of homes available. “There is still a very limited supply of houses on the market in Palm Beach, and there are still a lot of (would-be) buyers just waiting for houses to show up,” said Pickett, an agent with Brown Harris Stevens.

Before the 2021 sale, the house on Via Los Incas had been in the same family for a decade.

The late Massachusetts investments executive Sean M. Healey had paid $17 million for it in February 2011, property records show.

A few months before his death at 59 in May 2020, Healey deeded the house to a limited liability company, Orion Real Estate Holdings LLC, in an internal transaction. His widow, Amy Louise Broch, joined him in that transaction. The limited liability company is listed as the seller on the 2021 deed.

Healey for more than a decade led Affiliated Managers Group, better known as AMG, as CEO and chairman. He previously served as president of the asset management firm, which forges partnerships with independent investment managers around the world, according to its website.

Obituary: Sean Healey, investment executive, dies at 59

Street named for historic estate Via Los Incas is named for a storied Palm Beach estate. The original mansion was built on a 6-acre property around 1916, commissioned by John S. Phipps for his father-in-law, shipping magnate Michael Paul Grace. The house originally was known as El Inca and later renamed Los Incas.

Between the 1930s and the ’70s the house was best known for parties hosted by its owners, actress-turned-socialite Mary Sanford and her husband, carpet heir and polo player Stephen “Laddie” Sanford.

In 1978, attorney Joseph Farish bought the estate from the Sanford Carpet Co. heirs, demolished the three-story, much-renovated mansion and platted https://www.palmbeachdailynews.com/story/business/real-estate/2022/12/28/florida-real-estate-palm-beach-house-sells-for-66-million-after-selling-in-2…

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6/10/22, 12:21 PM

Palm Beach house split from larger estate sells for $16.23 million

REAL-ESTATE

House split from larger estate sells for $16.23 million on North End of Palm Beach Darrell Hofheinz Palm Beach Daily News Published 5:00 a.m. ET June 10, 2022

Updated 6:58 a.m. ET June 10, 2022

Palm Beach real estate investor and developer Patrick Carney has paid a recorded $16.225 million for a 1970s-era renovated house at 301 Polmer Park on the North End. Carney bought the six-bedroom house under his name, although the deed recorded Wednesday mentions that he is married. He and his wife, Lillian, live about 2 miles away at 125 Dolphin Road in a house they bought last year.

“We plan to use the house on Polmer Park as a guesthouse for our children and grandchildren,” Carney said Thursday, adding that the house was in move-in-ready condition, thanks to renovations by previous owners.

The Palm Beach Regency-style house has 8,473 square feet of living space, inside and out, records show.

The house was owned by a Florida limited liability company named after the property’s address and managed by developer Richard C. True, who has built and sold a number of Palm Beach homes.

Last July, True’s company bought the house for a recorded $25 million as part of a larger estate that he has since split into two separate lots. The lot occupied by the house measures a little more than half an acre.

Sold last year: Investors buy home for $25M with plans to refresh, relist it at nearly $35M on North End The Carneys have been involved in a number of major real estate transactions over the past couple of years, including their sale — recorded at $64.8 million — of an oceanfront https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/10/palm-beach-house-split-larger-estate-sells-16-23-million-real-estate-hom…

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mansion they originally planned as a custom home on North Ocean Boulevard.

The house on Polmer Park was built in 1973 by the late developer Robert Gottfried, who developed it and all of the original homes on the short lake-block street. The house stands on the corner of North Lake Way, five roads south of the Palm Beach Country Club.

The street’s houses, all of which remain intact, were built in the architectural style dubbed by locals as “Gottfried Regency,” featuring classically inspired details influenced by the English Regency style. The house Carney just bought features Gottfried’s signature flat roof, generously proportioned rooms and abundant windows that bring in natural light and showcase views.

Set amid lushly landscaped gardens, the house has a cabana facing the swimming pool. Other features include a terrace with a fountain and a three-car garage.

House was last listed at $22.5 million Although True is a real estate agent with the Corcoran Group, he did not market the property himself. Broker Christian Angle of Christian Angle Real Estate held the listing.

The Carneys’ longtime real estate agent, Jim McCann of Premier Estate Properties, handled the buyer’s side of Wednesday’s sale.

True, Angle and McCann could not be reached immediately for comment.

When True’s company bought the estate last summer, the property measured about ninetenths of an acre and included a tennis court and viewing pavilion immediately west of the house. True promptly relisted the estate in July for $34.85 million after a minor refurbishment.

“It was perfect,” True told the Palm Beach Daily News last year, when the property was listed

by McCann. “We just did some cosmetic (improvements) — polished the floors, fixed some windows, repainted and put in new carpets in the bedrooms.”

Entire estate marketed last year: Listed at $34.85M, an updated estate at 301 Polmer Park is ‘pristine and beautiful’ But in February, True began marketing the house alone at $25.995 million in the multiple listing service through Christian Angle Real Estate. In May, he dropped the price to $22.5 million. https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/10/palm-beach-house-split-larger-estate-sells-16-23-million-real-estate-hom…

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True’s company, 301 Polmer Park LLC, bought the estate from a trust affiliated with Brenda Axelrod, widow of real estate developer and property manager Carlin Axelrod. The Axelrods paid a recorded $11.39 million for the house in 2015 and carried out a substantial renovation a few years later, records show.

Agent Spencer Schlager of Douglas Elliman Real Estate handled both sides of the private sale last summer.

House planned for new lot next door True has since cleared the western portion of the lot of the tennis facilities and commissioned a Regency-style house designed by architect Kevin Asbacher for that lot. The house would be developed on speculation.

The Architectural Commission reviewed that one-story house in April and May, deferring it at each meeting after requesting changes.

At the board’s May 25 meeting, six neighbors’ objections to that proposed house were presented by Palm Beach real estate attorney Tim Hanlon. Hanlon told the board True had not met some of the conditional criteria for splitting the original estate — a claim that True’s attorney, Maura Ziska, said was specious.

The proposed house’s architecture would be too dissimilar to others on the street, Hanlon added. That idea was reiterated by neighbor Robert Fromer of 340 Polmer Park who said the one-story house would be too narrow and too small compared to others on the street.

And a more detailed plan was needed to show how construction vehicles and materials would be moved on and off the narrow dead-end street so that residents would not be blocked in.

Commissioners, by and large, liked the direction the design of the proposed house was headed.

“I think it’s a little jewel box of a house,” said Commissioner John David Corey.

Commissioner Richard Sammons was surprised that neighbors thought the house would be too small for the street and noted that the board far more often deals with large houses neighbors want scaled down.

“They hate it because it’s too small?” Sammons asked. “That a new one for me.” https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/10/palm-beach-house-split-larger-estate-sells-16-23-million-real-estate-hom…

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Other Palm Beach deals involving the Carneys Pat Carney is chairman and CEO of Claremont Cos., a real estate investment, development and asset-management company based in Bridgewater, Massachusetts.

In May 2021, he paid a recorded $12.2 million for the four-bedroom house he shares with his wife at 125 Dolphin Road.

That purchase closed a few months after the Carneys sold, for a recorded $68.4 million the oceanfront house they had recently completed at 905 N. Ocean Blvd to a company controlled by hedge-fund billionaire David Tepper and his wife, Nicole.

Big deal on the ocean: Billionaire Tepper on buyer’s side in sale of Palm Beach mansion built by Carneys Sold on the lake: Casino mogul Steve Wynn linked to $49M buy of Carneys’ Palm Beach custom home In March 2021, the Carneys sold, for a recorded $49 million, a lakefront house at 1350 N. Lake Way — a custom home they built in 2013 and had used as their residence. The buyer was casino and resort billionaire Steve Wynn.

Earlier this year, Pat Carney sold, via a deed documented at $10.2 million, four-bedroom condominium in the One Watermark Place tower on South Flagler Drive, more than doubling his money after only eight months of ownership.

Carney sells condo: Prices fetched by condos at One Watermark Place near Palm Beach defy skeptics’ doubts * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/10/palm-beach-house-split-larger-estate-sells-16-23-million-real-estate-hom…

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2/1/22, 4:58 PM

Palm Beach house with landmarked arch by architect Maurice Fatio sells

REAL-ESTATE

House with landmarked arch flipped for $22.5 million in Palm Beach, says Realtor.com The renovated house built in 1968 at 365 N. County Road changed hands in June for a recorded $18 million and just sold for $22.5 million.

Darrell Hofheinz Palm Beach Daily News Published 2:35 p.m. ET Feb. 1, 2022

Updated 3:43 p.m. ET Feb. 1, 2022

A house with a prominent remnant of Palm Beach’s architectural and social history has sold at 365 N. County Road for the second time in seven months. It changed hands in June for $18 million and was flipped this week for $22.5 million — a difference of $4.5 million, according to the courthouse records and Realtor.com.

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Palm Beach house with landmarked arch by architect Maurice Fatio sells

Longtime Palm Beacher and real estate investment entrepreneur Bruce S. Lane and his artconsultant wife, Leslie, had bought the renovated 1960s-era house last summer through a trust.

At the corner of El Mirasol, the house is known to passersby and historians for its imposing and freestanding tiled entrance arch set into a rectangular stucco-clad surround. The landmarked archway was designed in 1930 by prominent society architect Maurice Fatio and stands directly in front of the non-landmarked house directly behind it.

Sold last summer: House with landmarked arch in front brings $18 million on North County Road, deed shows The two-story archway was part of renovations carried out at one of the most famous estates of the 1920s in Palm Beach. The long-since-demolished El Mirasol was originally designed by architect Addison Mizner in 1919 for society doyenne Eva Stotesbury and husband Edward "Ned" Townsend Stotesbury of Philadelphia.

The deed for the sale had not been recorded at the courthouse as of early Tuesday afternoon, an online search showed. So the identity of the buyer was not available in public records. It was also unclear if the price reported in the updated sales listing would match the one to be documented by the Palm Beach County Clerk’s office.

The Lanes’ trust bought the Mediterranean-style house last summer from Frank Strausser, a playwright, stage producer and novelist, who is married to Dorrie Emrick Strausser. Frank Strausser had paid about $6 million for the property in 2016 and, with his wife, completely renovated the six-bedroom house.

The house was built in 1968 on a lot measuring about half an acre, nearly three-quarters of a mile north of Royal Poinciana Way, records show.

Palm Beach real estate: Palm Beach house fetches nearly twice what it sold for a year ago: deeds Exclusive: Planned ‘spec’ mansion lists at $125 million in Manalapan near Palm Beach With a lushly landscaped back yard, the two-story home has 7,027 square feet of living space, inside and out, property records show.

Bruce Lane co-founded and is managing director of The Meridian Group of Bethesda, Maryland. The company invests in office buildings, apartments and other properties in Washington, D.C., and along the East Coast. https://www.palmbeachdailynews.com/story/business/real-estate/2022/02/01/palm-beach-house-landmarked-front-arch-flipped-more-than-22-m/92714… 2/5

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Palm Beach house with landmarked arch by architect Maurice Fatio sells

With a home in Maryland, Lane and his wife have another Palm Beach residence at 351 Crescent Road, near the one that just sold. The Crescent Road house is listed for sale at $15.5 million in the Palm Beach Board of Realtors Multiple Listing Service.

Agent Margit Brandt of Compass Florida is marketing the Crescent Road house and held the listing for the one that just sold on North County Road. Broker Christian Angle of Christian Angle Real Estate acted on behalf of the buyer.

Brandt declined to comment. Angle and the Lanes could not be reached immediately.

House has first-floor master suite The North County Road house has first-floor rooms featuring 12-foot vaulted ceilings, hickory wood floors, multiple skylights and Italian-made windows and doors. The layout includes a well-equipped kitchen with a wine cooler and a first-floor master suite with a separate sitting room and floor-to-ceiling windows overlooking the saltwater pool. The suite also has two walk-in closets.

“The most recent improvements include a property-wide landscaping overhaul, physical and digital security additions, and updates to the pool,” Brandt said in her sales listing.

The house has two home offices — a feature that appealed to the Lanes when they bought the property, Bruce Lane told the Palm Beach Daily News in June.

The pool features cerulean tiles and is set amid a lush tropical landscape. With a summer kitchen, the poolside loggia easily accommodates outdoor entertaining.

The house has an air-conditioned garage, a full-house generator and private beach access down the street.

Agent Carole Koeppel of Sotheby's International Realty represented the Lanes in their June purchase of the property. In that transaction, she acted opposite agents Cara McClure and Lisa Wilkinson of Douglas Elliman Real Estate, who represented the Straussers.

The deed recorded for the June sale lists the trustees of the Lane 2013 Dynasty Trust, which bought the house, as F. Leslie Barron and G. David Check.

Arch built after deadly 1928 hurricane https://www.palmbeachdailynews.com/story/business/real-estate/2022/02/01/palm-beach-house-landmarked-front-arch-flipped-more-than-22-m/92714…

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2/1/22, 4:58 PM

Palm Beach house with landmarked arch by architect Maurice Fatio sells

The El Mirasol cul-de-sac traverses land that was once part of oceanfront El Mirasol, Mizner’s first residential commission in Palm Beach. Designer Albert Herter of California and New York initially was involved in planning the Stotesburys’ mansion, according to historian Augustus Mayhew.

But Mizner took over the project, which came on the heels of his first Palm Beach commission, the 1918 building that became The Everglades Club on Worth Avenue.

The club building and the Stotesbury house are credited with popularizing the Mediterranean architectural style among the island’s society set and cementing Mizner’s reputation as a leading Palm Beach architect.

During the deadly hurricane of 1928, Mayhew said, the estate’s oceanfront entrance was destroyed and Fatio was commissioned to handle renovations. His design included the entrance arch. As part of his renovations, Fatio also designed a landmarked fountain that remains intact behind a house at 109 El Mirasol.

The Stotesbury house was demolished in the late 1950s and the land subdivided for new homes, with the street named to honor the estate.

The town granted landmark protection to the entrance arch in 1980, a designation that protects it from significant alterations unless they are approved by the Landmarks Preservation Commission.

On Crescent Road: Agent’s three new Palm Beach listings include two homes owned by same family

House on Crescent Road The Lane’s house on Crescent Road is their primary residence, Palm Beach County tax records show. That house was built in 2001, and the Lanes bought it for a recorded $4 million for in 2003 and then customized it, records show.

Brandt’s sales listing describes the Crescent Drive property — with a three-bedroom main house and a one-bedroom guest house with a kitchen — as being in “turn-key” condition with a total of 6,643 square feet. The Crescent Road lot measures about a third of an acre in the middle of the tucked-away street just west of North County Road. The house is a few lots southwest of the house that just changed hands. https://www.palmbeachdailynews.com/story/business/real-estate/2022/02/01/palm-beach-house-landmarked-front-arch-flipped-more-than-22-m/92714…

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7/6/22, 8:37 AM

Palm Beach lakefront estate sells off-market for recorded $56 million

REAL-ESTATE

Lakeside estate sells for $56 million in off-market deal, Palm Beach deed shows A company managed by Warren Kanders buys estate of about an acre at 325 Via Linda in a private sale. The property was the longtime home of the late Eugene Applebaum and his late widow, Marcia.

Darrell Hofheinz Palm Beach Daily News Published 11:40 a.m. ET June 27, 2022

Updated 2:08 p.m. ET June 30, 2022

The lakefront on the North End of Palm Beach keeps generating sizable sales of older homes, including a just-recorded $56 million deal for a 1993 house on about an acre at 325 Via Linda.

A company controlled by businessman Warren B. Kanders bought the house, the deed shows.

Kanders and his wife, Allison, are seasonal Palm Beach residents with ties to Greenwich, Connecticut, property records show.

The Kanders-controlled company, Three Palm Trees LLC, in early June sold another North End lakefront estate — at 1020 N. Lake Way — for $39.9 million after the Kanderses failed to win the town’s approval for the design of a house they wanted to build on that property.

The Kanderses own another North End house they bought in late 2020 from singer Jimmy Buffett and his wife, Jane, who have other homes in Palm Beach.

Kanderses bought former Buffett house: Jimmy Buffett, wife sell house in Palm Beach for $6.9 million Kanderses sell house nearby: Lakeside Palm Beach house brings $39.9M after selling last year for $25.4M, records show The house the Kanderses just purchased on Via Linda was sold by Pamela A. Applebaum as trustee of four trusts linked to her late parents, Marcia C. Applebaum and Eugene Applebaum. The deed was recorded June 24. https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/27/palm-beach-lakefront-estate-sells-off-market-recorded-56-million/774547…

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Palm Beach lakefront estate sells off-market for recorded $56 million

Lakefront estates in Palm Beach in high demand The lakefront house faces about 120 feet of frontage on the Intracoastal Waterway and has a deep-water dock. It stands on a double lot, several streets south of the Palm Beach Country Club, on one of the highest points in Palm Beach.

Lakefront properties with water deep enough to accommodate a yacht of 75 to 80 feet in length, depending on its draft, have been rare finds in Palm Beach and have fetched premium prices, thanks to intense buyer demand, according to Palm Beach real estate observers.

Marcia and Eugene Applebaum bought the house on Via Linda in 1995, property records show. Their primary home was in Bloomfield Hills, Michigan.

Marcia Applebaum died in June 2021 at 81, and her husband died in December 2017, also at 81.

Trained as a pharmacist, Eugene Applebaum founded Arbor Drugs, which reportedly at one point was the eighth-largest drug-store chain in the country. The Michigan-based chain sold in the late 1990s to CVS via a stock transaction, according to published reports.

Broker Lawrence Moens of Lawrence A. Moens acted on behalf of the seller on Via Linda, his office confirmed. Although the property was not marketed in the multiple listing service, Moens placed advertisements that described the estate as an “elegant and stately” compound.

The property has seven bedrooms and 11,416 square feet of living space, inside and out, property records show. Moens and Pamela Applebaum could not be reached for comment.

Broker Christian Angle represented the buyer’s side of the deal, he confirmed, but he declined to discuss the sale. The Kanderses could not be reached.

Former Jimmy Buffett house sold for just under $7 million in Palm Beach Warren Kanders’ resume has included investing in industries ranging from health care, hospitality and restaurants to infrastructure and real estate, according to an online biographical sketch. He founded Benson Eyecare Corp. and has served as executive chairman of Clarus Corp., president of Kanders & Co., and chairman and CEO of Maui Acquisition Corp. The latter is the parent company of The Safariland Group, which owns Safariland, a https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/27/palm-beach-lakefront-estate-sells-off-market-recorded-56-million/774547…

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Palm Beach lakefront estate sells off-market for recorded $56 million

manufacturer and distributor of products used by law enforcement, military, fire-rescue and EMS personnel.

Sale on North Lake Way Angle also acted on behalf of the Kanderses when Three Palm Trees LLC sold the house on North Lake Way via a deed recorded June 3, as previously reported by the Palm Beach Daily News. Agents Paulette Koch and Dana Koch of the Corcoran Group acted for the buyer, a trust.

The Kanders-controlled company had bought the house on North Lake Way about a year ago for $25.375 million from beauty-products entrepreneur and home-shopping television star Adrien Arpel, who also goes by Adrienne Newman.

In November, the Architectural Commission voted 4-3 to kill the design of a Palm Beach Regency-style house the Kanderses had commissioned to replace Arpel’s former house.

When the couple submitted a new design for the property in March, the commission asked for revisions. But the house sold before the board had a chance to review any changes.

The Kanderses also were represented by Angle when they bought the former Buffett house at 309 Garden Road for a recorded $6.9 million in November 2020. In that deal, Angle negotiated opposite listing broker Denise A. Hanley of Denise A. Hanley Inc. In addition to the two lakeside sales involving the Kanderses, four other major estates facing the Intracoastal Waterway changed hands in June in Palm Beach at recorded prices between $23 million and $46 million. They include sales at 1265 N. Lake Way, 1494 N. Lake Way, 662 Island Drive and 640 Island Drive.

Related sale on North Lake Way: Beauty maven Adrien Arpel sells Palm Beach lakeside house for $25.38 million: deed Big sale on Everglades Island: Lakefront house on Island Drive fetches $46 million, deed shows * This is a developing story. Check back for updates. * https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/27/palm-beach-lakefront-estate-sells-off-market-recorded-56-million/774547…

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6/13/22, 10:26 AM

Palm Beach real estate pros ranked on national sales-volume list

REAL-ESTATE

12 Palm Beach real estate pros ranked among top 250 on national sales-volume list for 2021 Darrell Hofheinz Palm Beach Daily News Published 2:07 p.m. ET June 10, 2022

Updated 9:13 a.m. ET June 13, 2022

After what by any measure was a blockbuster year for real estate sales in 2021, Palm Beach agents and brokers have landed on the just released annual rankings based on their reported sales volume and other criteria last year.

Known as “The Thousand,” the 17th annual rankings released Friday were prepared by two real estate companies — Real Trends and Tom Ferry International — and promoted in a Wall Street Journal special advertising section. https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/10/palm-beach-real-estate-pros-ranked-national-sales-volume-list/75746370…

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Palm Beach real estate pros ranked on national sales-volume list

The rankings were open only to those real estate professionals who chose to participate in the project, according to the Real Trends website. And some Palm Beach agents and brokers, including top-tier producer Lawrence Moens of Lawrence A. Moens Associates, did not submit sales figures for consideration and verification.

Among the Palm Beach professionals who participated was broker Christian Angle of Christian Angle Real Estate. He took the No. 2 spot on the national list of the country’s Top 250 residential sales professionals after reporting $1.18 billion in residential sales volume last year.

Angle held the same spot in the 2020 rankings with a reported sales volume of $738.96 million.

Also in the top 10 agents and brokers on the list was agent Suzanne Frisbie of the Corcoran Group’s Palm Beach office, who ranked No. 7 with a reported sales volume in 2021 of $742.24 million. In 2020, she ranked No. 11 with $405.56 million in reported sales.

Big year for real estate: Palm Beach property deals in 2021 hit record $4 billion, reports show See the 2020 rankings: Annual survey ranks Palm Beach real estate pros among country’s top producers Under the rules of the survey, agents and brokers who handled both sides of a transaction — representing the buyer and the seller — were allowed to double the final dollar figure when they calculated their total sales volume for the sale.

Participants also paid a $175 submission fee to have their sales considered. The fee covered entry into “The Thousand” rankings and a separate list known as “America’s Best Real Estate Professionals,” which ranks the top-producing agents in each state and includes agents and sales teams “with a qualifying submission who did not make “The Thousand,” according to the Real Trends website. The “America’s Best” rankings are scheduled to be released June 15.

Those who participated were required to provide information about their sales that could be verified, under the rules of entry. That information could be data reported in the multiple listing service, tax returns or a “verification letter” signed by an accountant, a firm’s chief financial officer or, in the case of agents, the broker-owner of the agency, according to the rules published online before the rankings were released. https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/10/palm-beach-real-estate-pros-ranked-national-sales-volume-list/75746370…

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Palm Beach real estate pros ranked on national sales-volume list

Palm Beach big-dollar agents make cut There were 10 other agents and brokers with professional ties to Palm Beach in the Top 250 national sales-volume rankings for individual agents based on their performance in 2021.

Agent Dana Koch of the Corcoran Group ranked No. 12 with a reported sales volume of $544.33 million.

Agent Gary Pohrer of Douglas Elliman Real Estate took the No. 15 spot with $496.998 million.

Top-dollar sales: What were 2021’s biggest condo, townhouse sales in Palm Beach? Ten hit $9M or more Setting the bar higher in 2021: These six real estate sales shattered price records in Palm Beach Other Palm Beach professionals on the sales-volume list included agent Elizabeth DeWoody of Compass Florida (ranked No. 91 with $231.93 million); Wellington-based Carol Sollak, a principal at the Palm Beach office of Engel & Volkers (No. 97 with $227.63 million); broker Linda Olsson of Linda R. Olsson Inc. (No. 141 with $177.74 million); agent Lisa Cregan of Sotheby’s International Realty (no. 197 with $149.17 million); and agent William D. Yahn of the Corcoran Group (No. 199 with $149 million).

Rounding out the Palm Beach agents on the Top 250 list were Todd Peter of Sotheby’s International Realty (No. 208 with $144.75 million); Steven Presson of the Corcoran Group (No. 241 with $136.5 million); and Rosalind Clarke of Premier Estate Properties (No. 250 with $134.15 million).

The No. 1 ranked agent in the country, based on sales volume, has held that distinction for a number of years: Dallas-based Ben Cabalerro of HomesUSA.com generated sales in 2021 totaling $1.98 billion, compared to $2.45 billion in 2020.

Teams of Palm Beach agents also ranked Another national category in “The Thousand” report ranked “small teams” of two to five real estate professionals by sales volume. Premier Estate Properties’ Jim McCann Group of Palm Beach took the No. 5 spot on that list with a reported sales volume of $708 million.

In the 2020 rankings, McCann’s team earned the No. 3 spot with $417.54 million. https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/10/palm-beach-real-estate-pros-ranked-national-sales-volume-list/75746370…

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Palm Beach real estate pros ranked on national sales-volume list

In the “medium teams” category — comprising teams of six to 10 real estate professionals — Douglas Elliman’s Palm Beach-based Leavitt McIntosh Team generated a sales volume of $686 million, ranking it No. 2 nationally. That team is led by agents Christopher Leavitt and Ashley McIntosh.

And in the same teams category, The Coastal Collective team at Compass Florida — led by Michael Costello and Chris Deitz — ranked No. 23 with $339 million.

Other Palm Beach County agents, teams on lists In addition to the Palm Beach names on the Top 250 list of agents by sales volume, five agents affiliated with other agencies in Palm Beach County made the cut, including Boynton Beach-based Ralph Harvey of ListWithFreedom.com, who ranked No. 4 with $1.03 billion last year.

Other Palm Beach County agents were David Roberts of Royal Palm Properties in Boca Raton (ranked No. 11 with $545.34 million); Marcy F. Javor of Signature ONE Luxury Estates in Boca Raton (No. 57 with $304.45 million); Bonnie Rose Heatzig of Douglas Elliman in Boca Raton (No. 103 with $217.81 million); and Michael Ledwitz of Engel & Volkers in Boca Raton (No. 123 with $198.22 million).

Palm Beach real estate: Nine residential sales hit $39 million or more in the 2021-22 season World’s wealthiest: Palm Beach sees hike in billionaires, analysis of Forbes data shows Five other small teams in Palm Beach County made the sales-volume list: Douglas Elliman’s Senada Adzem Team in Boca Raton (ranked No. 10 with $570.15 million); Douglas Elliman’s Randy & Nick Team in Delray Beach (ranked No. 21 with $439.43 million); Premier Estate Properties’ D’Angelo/Liguori team in Boca Raton (No. 27 with $397.21 million); Compass Florida’s CBG Luxury Team in Boca Raton (No. 37 with $337.94 million) and the Corcoran Group’s Candace Friis Team in Delray Beach (No. 38 with $332 million).

In the medium-size team category, K2 Team at K2 Realty in North Palm Beach ranked No. 5 with $543.87 million, while the Jonathan Postma Group at Coldwell Banker Realty in Boca Raton ranked No. 40 with $274.53 million.

To be considered for a ranking, an agent or team must have closed at least 50 transaction “sides” or recorded $20 million in closed sales volume for 2021, according to Real Trends.

Teams must have closed 75 residential transactions or $30 million in closed sales volume. 4/5 https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/10/palm-beach-real-estate-pros-ranked-national-sales-volume-list/75746370…

7/6/22, 8:40 AM

Palm Beach real estate: House on Everglades Island fetches $46 million

REAL-ESTATE

Another big Palm Beach sale: House on Everglades Island fetches $46 million, deed shows Private-equity specialist Jeffrey C. Walker was on the seller’s side of the off-market sale at 662 Island Drive, which last changed hands for $19 million in 2015. A trust was on the buyer’s side.

Darrell Hofheinz Palm Beach Daily News Published 12:08 p.m. ET June 15, 2022

Updated 10:23 a.m. ET June 24, 2022

Sold seven years ago for $19 million, a lakeside house on Everglades Island in Palm Beach has changed hands off-market for $46 million, according to courthouse records.

The house at 662 Island Drive is the second most-expensive home ever sold on Everglades Island, property records show.

Private-equity specialist Jeffrey C. Walker and his wife, Suzanne, sold the five-bedroom house, which was built in 1996.

On the buyer’s side was the 662 Island Trust, for which Palm Beach attorney David E. Klein serves as trustee. The deed links the trust to a Palm Beach house at 101 Gulfstream Road, which was sold for a recorded $23.85 million in May by a trust linked to Mark T. Massey and his wife, Elizabeth, of South Hamilton, Massachusetts. The buyer in the deal on Gulfstream Road was a Delaware company, 101 Waters Edge LLC, with a Chicago mailing address.

Jeffrey Walker co-founded and served as CEO of CCMP Capital, the successor to JPMorgan Partners, until he retired in 2007. Property records show the Walkers have downsized to a house they bought in May for a recorded $7.1 million in Palm Beach Gardens.

The Walkers had the Everglades Island house homesteaded as their primary residence in the latest tax rolls.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/15/palm-beach-real-estate-house-everglades-island-fetches-46-million/7634…

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Palm Beach real estate: House on Everglades Island fetches $46 million

Sold in 2015: Jeffrey Walker pays recorded $19 million for Coleman house on Everglades Island On Gulfstream Road: Palm Beach house fetches $23.85 million, a 76% jump in value since it sold new in 2020 The house has five bedrooms and 9,618 square feet of living space, inside and out, property records show.

The property has 175 feet of water frontage on the east side of Everglades Island. On a lot of about sixth-tenths of an acre, the house is the seventh one south of the Island Road bridge that connects Everglades Island to the rest of Palm Beach.

Palm Beach architect Jeffery Smith designed the one-story, Bermuda-style house, town records show.

In the sale recorded June 15, agent Suzanne Frisbie of the Corcoran Group negotiated for the seller opposite broker Christian Angle of Christian Angle Real Estate, who handled the buyer’s side. Both confirmed their involvement but declined to comment further.

Frisbie and Angle were both involved in the off-market sale in July 2015 when Jeffrey Walker bought the house from former Palm Beach Town Councilman Denis Coleman and his wife, Annabelle. The Colemans had built it as a custom home in 1996.

Angle represented the Colemans in the 2015 deal, with Frisbie acting on behalf of Walker.

World’s wealthiest: Palm Beach sees hike in billionaires, analysis of Forbes data shows How big is too big?: Neighbors rally against size of Palm Beach ‘spec’ mansion planned for seaside lot When the house sold seven years ago, Frisbie said the property offered remarkable views across the Lake Worth Lagoon to Tarpon Island and homes on El Brillo Way and other streets in the Estate Section.

“The view corridors all the way back to El Brillo are really lovely. They're just striking,” she told the Palm Beach Daily News at the time.

With its east-side living room, the house was designed to take full advantage of its site, Frisbie added.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/15/palm-beach-real-estate-house-everglades-island-fetches-46-million/7634…

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Palm Beach real estate: House on Everglades Island fetches $46 million

“It really does focus on the views. The procession through the house gives every room a beautiful sight line,” she said in 2015.

In the May sale of the five-bedroom house on Gulfstream Road, Angle had the listing for the Masseys. Online sources show a Mark Massey co-founded AltaRock Partners LLC, a Massachusetts-based hedge fund.

The Masseys’ ChubbyChooChoo Trust bought the Gulfstream Road house — with 9,069 total square feet — new for $13.53 million in 2020 from its developer, Frisbie Group, where Suzanne Frisbie is a principal.

Agents Pat McInerney and Sylvia James of Brown Harris Stevens handled the buyer’s end of the Gulfstream Road deal, according to records in the multiple listing service.

The most expensive sale on Everglades Island was recorded at $49.14 million in May 2021.

In that deal, billionaire hedge-fund manager James G. Dinan and his wife, Elizabeth R. Miller, bought a never-lived-in California-style contemporary mansion. In that off-market sale, developer Corey Schottenstein of the Schottenstein real estate family sold the property.

Frisbie handled the buyer’s side, with agent Christopher Deitz — then of William Raveis South Florida but today at Compass Florida — and broker Lawrence Moens of Lawrence A. Moens Associates negotiating on behalf of the developer.

Biggest sale on Everglades Island: Billionaire buys ‘spec’ mansion on Everglades Island for $49 million: deed Big sale across town: Palm Beach mansion resold for recorded $85.98 million after fetching $64M last year * This story was updated from a previous version. This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/06/15/palm-beach-real-estate-house-everglades-island-fetches-46-million/7634…

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5/2/22, 12:25 PM

Palm Beach real estate: House sales hit $39 million or more

REAL-ESTATE

Palm Beach real estate: Nine residential sales hit $39 million or more this season The biggest deals since Oct. 1 included three new oceanside houses and a vacant beachfront lot.

Darrell Hofheinz Palm Beach Daily News Published 10:56 a.m. ET May 2, 2022

Palm Beach homebuyers with the deep-as-the-ocean wallets made their mark this season, even if they found fewer trophy properties on the market to buy.

Nine single-family properties — including three new oceanfront houses built on speculation and a vacant lot — sold for $39 million or more to land them on a list of the season’s biggestdollar deals.

All of the sales were recorded at the Palm Beach County Courthouse between Oct. 1 and Friday morning, and the prices and dates listed here are those documented with the deeds.

The transactions were confirmed by sales reports issued by the Palm Beach law firm Rabideau Klein.

Big bucks: Here are the 6 priciest condo, townhouse sales this season in Palm Beach • $57 million – The most-expensive single-family sale of the season closed in December when a new oceanfront mansion changed hands at 916 S. Ocean Blvd. in the Estate Section. With eight bedrooms, the estate has 14,916 square feet of living space, inside and out, including its beach cabana. The house was developed on speculation by Naples-based Stock Custom Homes, part of Stock Development, and was said to have sold with at least some of its furnishings. A Florida limited liability named MAWA 9167 LLC — managed by Palm Beach attorney Louis Hamby III — bought the property. Carol A. Sollak of Engel & Völkers was the listing agent, and broker Christian J. Angle of Christian Angle Real Estate represented the buyer.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/05/02/palm-beach-real-estate-house-sales-39-million/9546670002/

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Palm Beach real estate: House sales hit $39 million or more

Biggest sale of the season:: New seaside ‘spec’ mansion fetches $57 million in Palm Beach, deed shows • $53 million — Tampa Bay Buccaneers co-owner Darcie Glazer Kassewitz and her husband, private banker Joel Kassewitz, in February sold their six-bedroom estate on 2 lakefront acres at 854 S. County Road to developer Todd Michael Glaser, who bought it with two unnamed investors. Glaser buyer immediately re-listed the house for $79 million.

The main residence, a pool cabana and the detached guesthouse have a combined 16,491 square feet of living space. Agent Gary Pohrer of Douglas Elliman Real Estate represented the Kassewitzes. Broker Lawrence Moens of Lawrence A. Moens Associates acted for Glaser, who in April won the town’s approval to renovate and expand the 1940s-era house under a plan approved by the Landmarks Preservation Commission through its program for homes designated “historically significant.”

Sold and relisted:: Palm Beach home sold by Tampa Bucs co-owner for $53M relisted immediately for $79M • $48.5 million – In April, a trust was on the buyer’s side in the purchase of a recently completed oceanfront mansion developed on speculation at 1030 S. Ocean Blvd. near former President Donald Trump’s Mar-a-Lago Club. The eight-bedroom mansion with 15,237 total square feet was developed on speculation by Lion’s View Partners, a real estate investment group managed by Palm Beach residents Nedim Soylemez and George P. “Beau” Taylor, who both built careers trading commodities. The listing agent was Chris Deitz of Compass Florida, who marketed the house with its furnishings. Angle brought the buyer.

New near Mar-a-Lago: Trust buys ‘spec’ mansion for $48.5 million in Estate Section of Palm Beach: deed • $46.4 million — Sotheby’s International Realty agents Heidy Wicky and Jean Lembcke represented the sellers in the private sale recorded in April of a lakeside mansion at 460 Worth Ave. Billionaire homebuilder Dwight C. Schar bought the house through a trust and was represented by Moens. The house, which had been in the Andresen family for 14 years, was sold by Immohome AG, a Liechtenstein-based corporation for which Klaus Andresen holds the title of president and Gerhard Oehri sits on its board of directors. The main residence and an outbuilding have a grand total of 10,847 square feet, property records show.

Lakefront sale: Billionaire pays $46.4M for lakefront house at west end of Worth Ave. in Palm Beach:

https://www.palmbeachdailynews.com/story/business/real-estate/2022/05/02/palm-beach-real-estate-house-sales-39-million/9546670002/

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Palm Beach real estate: House sales hit $39 million or more

• $45.36 million — An entity linked to Princess Alia Bint Al Hussein, daughter of the late King Hussein of Jordan, in March sold a lakefront estate at 1330 N. Lake Way to a Delawareregistered limited liability company. Built in 1996, the house had replaced one that the king had reportedly used as a vacation home. With 10,161 square feet of living space, inside and out, the residence has five main bedrooms and three others for staff. Agent Shelly Newman of William Raveis South Florida held the listing, and agent Chris Leavitt of Douglas Elliman Real Estate handled the buyer’s side.

Princess parts with home: House linked to Jordanian princess sells for $45.36 million in Palm Beach: deed • $44.93 million — In March, Canadian businessman and Fiji Water co-founder David Harrison Gilmour sold a 1920s-era house at 5 Golfview Road as trustee of a trust in his name. His wife, Jillian, joined him in the off-market sale to a Delaware-registered limited liability company. On a half-acre site abutting The Everglades Club Golf Course, the house has five bedrooms and 8,619 total square feet of living space. Sotheby’s International Realty agents Lisa and John Cregan represented both sides.

Fore! Golf-course house sale: Palm Beach house owned by Fiji Water co-founder sells privately for $45 million • $41 million — With architecture reminiscent of neighboring houses in its 1960s-era Parc Monceau neighborhood, a new house on Billionaires Row at 1700 S. Ocean Blvd. sold in November to a Florida limited liability company named after the property’s address and managed by Gunster attorney Robert S. Raynes Jr. The house was developed by Manalapan residents Jagbir and Sarla Singh, who sold it through Ocean Villa Holdings LLC of Florida. The tri-level house has six bedrooms and 10,586 total square feet. Newman was the listing agent, and Angle acted on behalf of the buyer.

Big seaside sale: New house brings $41 million on Billionaires Row in Palm Beach, deed shows • $39.05 million — A direct-beachfront estate at 137 E. Inlet Drive sold privately in November on the far North End. With four bedrooms, the house has about 6,500 square feet of living space. The seller was a Florida limited liability company linked in public records to Palm Beach real estate investor Barbara Stovall Smith and her investments manager husband, Randall D. Smith of Alden Global Capital. Moens handled the seller’s side.

Corcoran Group agents Dana Koch and Paulette Koch represented the buyer, https://www.palmbeachdailynews.com/story/business/real-estate/2022/05/02/palm-beach-real-estate-house-sales-39-million/9546670002/

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5/2/22, 12:25 PM

Palm Beach real estate: House sales hit $39 million or more

the Ocean Inlet Revocable Trust, for which West Palm Beach attorney Paul A. Krasker serves as trustee.

On the far North End: Palm Beach seaside estate sells for $39 million, nearly $14 million more than in June sale • $39 million — A vacant half-acre beachfront lot at 7 Ocean Lane sold in February to an entity managed by developer Carl M. Sabatello of Palm Beach Gardens-based Sabatello Cos. He bought the property from 7 Ocean Lane LLC, a Florida limited liability company affiliated with an investment group, led by Soylemez, that had initially planned to develop a house on speculation. Representing the seller was agent Margit Brandt, who was at the time affiliated with Compass Florida but is today with Premier Estate Properties. Agent Bill Yahn of the Corcoran Group acted on behalf of Sabatello, who also has pursued the town’s approval for a spec house on the property.

Big bucks for vacant lot: Development group sells Palm Beach seaside lot for $39 million to another developer * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/05/02/palm-beach-real-estate-house-sales-39-million/9546670002/

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12/29/22, 9:40 AM

Patriots owner Robert Kraft behind Palm Beach record-setting condo buy

REAL-ESTATE

Patriots owner Robert Kraft behind $23.75M record-setting condo purchase in Palm Beach Robert Kraft, the owner of the New England Patriots, used an ownership entity to buy a Palm Beach beachfront condo in the Leverett House for $23.75 million, Palm Beach Daily News confirms.

Darrell Hofheinz Palm Beach Daily News Published 4:06 p.m. ET Dec. 28, 2022

Updated 7:37 a.m. ET Dec. 29, 2022

An entity linked to New England Patriots owner Robert Kraft has paid $23.75 million for a penthouse at the Leverett House, setting a new price record for a condominium in Palm Beach.

The billionaire bought the oceanfront apartment — No. E4B in the east building at 110 Sunset Ave. — and a poolside cabana through a Delaware-registered limited liability company named Leverett House PB LLC. Two deeds for the sale were recorded Wednesday.

Kraft already maintains a residence in Palm Beach.

The condo that just changed hands spans the entire ocean side of the four-story, directbeachfront building, the easternmost of the two mid-rises that comprise the Leverett House.

Developed in 1982, the buildings are immediately north of The Breakers.

Robert Kraft is on the list: Palm Beach billionaires’ wealth tops $408 billion, our analysis of new Forbes data shows Recently sold at Leverett House: Rare-to-market Palm Beach seaside condo sets a building record. But for how much?

https://www.palmbeachdailynews.com/story/business/real-estate/2022/12/28/patriots-owner-robert-kraft-behind-palm-beach-record-setting-condo-buy/…

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Patriots owner Robert Kraft behind Palm Beach record-setting condo buy

The record-setting price reflects the rarity, size, condition and site of the condo in a real estate market where property values have soared — and frequently doubled over the past two years.

“It’s a ‘wow’ apartment,” Corcoran Group agent Dana Koch told the Palm Beach Daily News when he co-co-listed the unit with his mother, Paulette Koch, also of Corcoran, in early September for $26.5 million.

The price tag set a Palm Beach record for the most expensive asking price ever set for a Palm Beach condo.

Dana Koch and his mother declined to comment Wednesday.

Broker Christian Angle of Christian Angle Real Estate confirmed he handled the buyer’s side of the sale but would not discuss specifics of the transaction or identify his client.

Record-setting price tag: Condo’s $26.5 million price tag sets a Palm Beach record. And this seaside unit is a doozy Wedding surprise: Patriot's Kraft springs big (nuptials) surprise on guests Kraft could not be reached immediately for comment Wednesday.

With floor-to-ceiling glass windows and doors, the four-bedroom condo has 6,376 square feet, including its 1,300-square-foot wraparound balcony.

The condo was extensively renovated and decorated in a contemporary style with high-end finishes by noted designer and sculptor Maya Lin, who designed the Vietnam Veterans Memorial in Washington, D.C. Lin was married to the late Mark Daniel Wolf, whose parents bought the penthouse in 2000 for $6 million and owned it until their recent deaths. Joyce “Joy” Wolf died Aug. 7 at 95. Her husband of 66 years, oil-and-gas industry entrepreneur Erving G. Wolf, died in 2018.

One of the deeds recorded Wednesday lists the sellers as Lin, Rachel Ming Wolf and India Lin Wolf “individually” and as the “ancillary personal representatives” of the estate of Mark Daniel Wolf. The second deed lists the seller as Matthew Davis Wolf, individually and as trustee of the Joyce Wolf Living Trust. Each deed was recorded with a sale price of $11.875 million.

The Wall Street Journal was the first news outlet to report the sale, which has been independently confirmed by the Palm Beach Daily News. https://www.palmbeachdailynews.com/story/business/real-estate/2022/12/28/patriots-owner-robert-kraft-behind-palm-beach-record-setting-condo-buy/…

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Patriots owner Robert Kraft behind Palm Beach record-setting condo buy

Kraft has an estimated net worth of $10.6 billion, according to Forbes.com. He is chairman and CEO of The Kraft Group, headquartered in Foxboro, Massachusetts, where the Patriots’ stadium is located.

The entity that bought the condo is linked in public records to The Kraft Group’s offices in Foxboro and James Cobery, an executive there. The family company's holdings include paper-and-packaging companies, real estate investments and other ventures.

Besides the NFL Patriots, Kraft also owns Major League Soccer’s New England Revolution club.

A Palm Beach address: Super Bowl team owners, including Robert Kraft, call island home Big sale on the South End: An $8.5 million Palm Beach condo sale sets South End record amid rush of big deals there In 2010, a trust linked to Kraft sold an oceanfront vacant lot at 947 N. Ocean Blvd. in Palm Beach for a recorded $19.32 million, property records show. The trust, which had bought the vacant lot five years before, sold the 1.6-acre lot to a company linked in public records to Philadelphia Phillies co-owner John Middleton. Middleton then built a new house there.

On his visits to Palm Beach, Kraft is said to reside in a double apartment at 1 Breakers Row, a white-glove-service rental building owned by The Breakers.

Kraft recently married Dr. Dana Blumberg. He was married for many years to the late Myra Kraft, who died in 2011.

In September, Dana Koch described the Leverett House penthouse as having a “toes-in-thesand” location, meaning that the building stands directly on the beach. As a result, it affords extraordinary vistas of the shore and sea from the living room, dining area and library/den, he said at the time.

Lin knocked down walls to “open up the apartment to take advantage of the views, which are unparalleled in all of Palm Beach,” Koch said in September.

Prior to the Leverett House sale, the most expensive condo ever sold in Palm Beach was a townhouse-like condominium in the Palazzo Villas quadplex at 219 Brazilian Ave., which changed hands in May for a recorded $18.6 million.

The previous record-setting sale for a Palm Beach condo sale in a more conventional multifamily building took place in November 2021, when an oceanfront penthouse, No. 4S, and a https://www.palmbeachdailynews.com/story/business/real-estate/2022/12/28/patriots-owner-robert-kraft-behind-palm-beach-record-setting-condo-buy/…

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4/25/22, 12:28 PM

Rare-to-market Palm Beach condo sets building record. But for how much?

REAL-ESTATE

Rare-to-market Palm Beach seaside condo sets a building record. But for how much?

Darrell Hofheinz Palm Beach Daily News Published 5:01 a.m. ET April 25, 2022

Updated 8:06 a.m. ET April 25, 2022

Condominiums in Palm Beach’s oceanfront Leverett House tend to fetch noteworthy prices because units in the full-service building on the near North End rarely change hands — and as a result are always in demand.

That bit of background helps explain a sale recorded last week at $10.63 million for Unit E 3A, one of only six units at 110 Sunset Ave. The sale set a building price record that had stood since 2013, courthouse records show. https://www.palmbeachdailynews.com/story/business/real-estate/2022/04/25/rare-market-palm-beach-condo-sets-building-record-but-how-much-real-e… 1/3

4/25/22, 12:28 PM

Rare-to-market Palm Beach condo sets building record. But for how much?

The apartment is in the easternmost of the two mid-rises that comprise the Leverett House, which was was developed in 1982.

The property lies immediately north of The Breakers The deed lists the buyer as Palm Beacher Ronald A. Rosenfeld, who, with his wife, Philo F. Liedquist, is selling a condo on the South End, according to the multiple listing service.

The four-bedroom unit at the Leverett House had been owned by the same Canadian family since 1985, when it changed hands for $1.65 million, courthouse records show.

Stephen Diamond signed the deed to sell the apartment as a director and authorized signing officer of Palm Beach Holdings Ltd. The document lists the Toronto address of the seller as that of the Diamond family’s Whitecap Venture Partners, where Carey Diamond is president and director. The company was founded by the late Eph Diamond.

State of the market: Palm Beach real estate prices skyrocket while sales drop in first quarter, reports show The Leverett House apartment, which included a cabana, has 5,600 square feet of living space, inside and on several covered balconies. The condo features floor-to-ceiling windows and a separate service entry. It was sold with two garage spaces.

The layout includes the main living area, a library, a formal dining room and what the listing placed by broker Christian Angle of Christian Angle Real Estate called an “owner’s suite.”

Angle listed the condo for sale in early December at $11.35 million. He also handled the buyer’s side of the deal, which was recorded April 18 at the Palm Beach County courthouse.

Angle declined to comment.

Another big Leverett House deal: Palm Beach homes: Seaside condo brings $9.41 million; sellers built new home Angle, meanwhile, has the listing for Rosenfeld and Liedquist’s condominium — No. 204S — in the 2000 building at Sloan’s Curve. With three bedrooms and 3,280 total square feet, that apartment is under contract with an asking price of just under $5 million, according to the MLS. Rosenfeld bought the Sloan’s Curve unit for a recorded $2.45 million in July 2019, when he was represented by agent Dragana Connaughton of Sotheby’s International Realty. In that sale, agents Paulette Koch and Dana Koch of the Corcoran Group acted for the sellers, longtime Palm Beachers Lee and Ann Fensterstock. https://www.palmbeachdailynews.com/story/business/real-estate/2022/04/25/rare-market-palm-beach-condo-sets-building-record-but-how-much-real-e… 2/3

1/7/22, 10:53 AM

Rental home near ocean sells for just under $9 million in Palm Beach

REAL-ESTATE

Rental home near ocean sells for just under $9 million in Palm Beach, deed shows The sellers used the house at 137 Australian Ave. as an investment property, according to rental listings in the multiple listing service.

Darrell Hofheinz Palm Beach Daily News Published 6:02 a.m. ET Jan. 7, 2022

As would-be buyers search for homes in Palm Beach amid inventory that remains sparse, one place to look sometimes gets lost in the shuffle — investment houses that have primarily been used as rental properties.

Yet Palm Beach traditionally has had plenty of homes that are leased to tenants and produce income for their owners, who must abide by the town’s strict rules governing how frequently residences can be rented out in any given year. Many of those properties have remained fully leased during the coronavirus pandemic, while others instead have been occupied by their owners in the off months — or even year-round — since the health crisis began.

But some of those properties do change hands. Among the rentals that have sold recently was a four-bedroom house in a prime Midtown ocean block at 137 Australian Ave. It sold privately at a price recorded at just under $9 million.

Leasing woes: Finding a Palm Beach rental this season will likely be a tough slog Tax attorney William Indoe and his wife, Jane, sold the house at 137 Australian Ave. to Toronto-based Deborah Kurtin, who acted as trustee of a residence trust in the sale documented last month at the Palm Beach County Courthouse. The house — with 4,457 square feet of living space, inside and out — stands on a quarter-acre a few lots west of Midtown Beach on the third street north of Worth Avenue.

Heard the latest? Read more Palm Beach real estate news here https://www.palmbeachdailynews.com/story/business/real-estate/2022/01/07/rental-home-near-ocean-sells-just-under-9-million-palm-beach/91147910…

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Rental home near ocean sells for just under $9 million in Palm Beach

The Indoes, who have ties to New York City, own a homesteaded townhouse they use as their primary home on nearby Chilean Avenue. They have owned that townhome since 2014, property records show.

They bought the residence on Australian Avenue in 2007 when it was new for about $4 million, property records show. They have regularly rented it out since at least 2009, according to records in the multiple listing service. It most recently was advertised for lease, furnished, in 2020 for $20,000 per month annually and for $40,000 a month on a seasonal basis.

Agents Pat McInerney and Sylvia James have been the Indoes’ leasing agents for years, first through the agency that eventually became William Raveis South Florida and more recently after they joined Brown Harris Stevens.

The two agents also represented the Indoes in the December sale of the Australian Avenue house, McInerney confirmed for the Daily News. She and James also had acted on the Indoes’ behalf when they bought it 14 years ago. Representing the buyer was broker Christian Angle of Christian Angle Real Estate, who also had handled negotiations for a tenant who leased the house in September 2019, the MLS shows.

McInerney and Angle declined to comment about the sale or their clients.

The Indoes own at least two other properties in town — a house at 310 Australian Ave. and condominium, No. 10, in a building at 429 Australian Ave, records show. They also once owned an investment house at 150 Algoma Road near The Mar-a-Lago Club. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/01/07/rental-home-near-ocean-sells-just-under-9-million-palm-beach/91147910…

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7/6/22, 8:39 AM

Sale of house marketed for land value tops $20 million in Palm Beach

REAL-ESTATE

Palm Beach house in same family since 1976 sells at land value for $21.5 million: deed The house at 120 Dunbar Road stands on nearly a half-acre and is the second home from the beach. It had been in the Brekus family for 45 years.

Darrell Hofheinz Palm Beach Daily News Published 5:01 a.m. ET July 1, 2022

Updated 8:04 p.m. ET July 5, 2022

A house that hadn’t changed hands for 45 years on an ocean-block lot in the near North End of Palm Beach has sold for its land value at $20.5 million, the price recorded with the deed.

Trudy Brekus parted with the home at 120 Dunbar Road, which she and her late husband, Gordon, bought for $205,000 in 1976, property records show. Built in 1958, the threehttps://www.palmbeachdailynews.com/story/business/real-estate/2022/07/01/sale-house-marketed-land-value-tops-20-million-palm-beach/7782094001/

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Sale of house marketed for land value tops $20 million in Palm Beach

bedroom house is the second one from the beach on the south side of Dunbar Road, a little more than a half-mile north of The Breakers. The lot measures a little less than a halfacre, records show.

On the buyer’s side of the deal was a trust with a mailing address at a post office box in Ketchum, Idaho, the deed shows. That address is linked in recent business filings to privateequity investor Steven M. Shafran.

Shafran is a senior advisor with Centrebridge, where he focuses on investments in the media, telecommunications and financial services and technology sectors, according to the company’s website. The investments firm has offices in New York City and London.

Shafran also founded AMRI Financial Inc., a financial advisory firm that specializes in “special situation equity and debt financing,” according to a brief online biographical sketch.

He also is associated with lender Roundhouse Capital LLC. Idaho records list him as president of AMRI Financial and manager of Roundhouse Capital.

With a swimming pool and a two-car garage, the house has 6,348 square feet of living space, inside and out.

The sale closed Thursday, the MLS shows, and the deed recorded a day later.

A ‘great opportunity’ to build in Palm Beach The house was sold by Brekus’ son, Richard T. Brekus, who acted as trustee of an irrevocable trust in her name, the deed shows.

Agent Denise Segraves of Sothebys International Realty handled the seller’s side.

From the archives: Trudy Brekus finds friendship and purpose in Palm Beach Down the street: Fashion designer Tommy Hilfiger, wife buy second multi-million dollar home on Palm Beach Broker Christian Angle of Christian Angle Real Estate represented the buyer.

The deed lists West Palm Beach real estate attorney Maura Ziska as trustee of the trust that bought the property, the 120 Dunbar Road Trust. Ziska declined to discuss the sale, and Shafran could not be reached immediately for comment.

Angle and Segraves declined to comment. https://www.palmbeachdailynews.com/story/business/real-estate/2022/07/01/sale-house-marketed-land-value-tops-20-million-palm-beach/7782094001/

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Sale of house marketed for land value tops $20 million in Palm Beach

Segraves listed the house at just under $23.5 million in late March and landed it under contract May 17, the MLS shows. She had marketed the house as a “great opportunity to build” on Dunbar Road.

Tommy Hilfiger owns estate on Palm Beach’s Dunbar Road Real estate observers consider the ocean block of Dunbar Road prime North End real estate, thanks to its privacy and proximity to the beach and to shopping and dining in the Royal Poinciana Way commercial district.

Among Dunbar Road's residents, fashion designer Tommy Hilfiger and his wife, Dee Ocleppo, own a lakefront estate on the opposite end of the street.

With ties to Guilford, Connecticut, Trudy Brekus had the house homesteaded as her primary residence. Her husband, who died at 80 in 2011, was a management consultant who worked for Alexander Proudfoot Co. for more than 30 years, according to his obituary.

World’s wealthiest: Palm Beach sees hike in billionaires, analysis of Forbes data shows Billionaire buys estate: A Florida ‘most expensive’ residential record: Waterfront estate sells for $173 million * This story was updated from a previous version. This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/07/01/sale-house-marketed-land-value-tops-20-million-palm-beach/7782094001/

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8/9/2021

Sea-to-lake estate brings $25.75 million near Palm Beach, deed shows

REAL-ESTATE

Manalapan sea-to-lake estate brings $25.75 million, deed shows Music amplifier entrepreneur Hartley D. Peavey, founder of Peavey Electronics Corp., and wife sell their home on more than an acre to a hedge fund executive.

Darrell Hofheinz Palm Beach Daily News Published 8:18 a.m. ET Aug. 7, 2021

Updated 8:43 a.m. ET Aug. 9, 2021

https://www.palmbeachdailynews.com/story/business/real-estate/2021/08/07/sea-lake-estate-brings-25-75-million-near-palm-beach-deed-shows/5523…

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Sea-to-lake estate brings $25.75 million near Palm Beach, deed shows

A financier is on the buyer’s side of a sale just recorded at $25.75 million for an ocean-to-lake estate in Manalapan, which was sold by music equipment manufacturer Hartley D. Peavey and his A financier was on the buyer’s side of sale recorded at $25.75 million for an ocean-to-lake estate in Manalapan, which was sold by music equipment manufacturer Hartley D. Peavey and wife, Mary.

The off-market sale of 1200 S. Ocean Blvd. marks the latest of several deals this year that have topped $20 million in Manalapan, the wealthy town south of Palm Beach.

The buyer was a Florida limited liability company named after the property’s address and managed by Nobel and Ruchi J. Gulati, who recently bought a waterfront house in Jupiter, courthouse and business records show.

Nobel Gulati is the former CEO of Two Sigma Advisors, a New York Citybased hedge fund, where his duties included overseeing assetmanagement divisions aimed at institutional investors, according to published reports.

On the sellers’ side, the Peaveys acted as trustees of a trust in Mary Peavey’s name, according to the deed recorded on Aug. 6. Hartley Peavey also signed the deed individually. Records show he had been associated with the ownership of the property since 1989.

Dock, tennis court among the amenities Built in 1997, the two-story house presides over 1½ acres and has 27,017 square feet of living space, inside and out, according to property records. The estate has about 150 feet of ocean frontage and the same amount of waterfront on its lake parcel west of the coastal road.

8/9/2021

Sea-to-lake estate brings $25.75 million near Palm Beach, deed shows

Heard the latest? Read more Palm Beach real estate news With longtime ties to Mississippi, Hartley Peavey in 1965 founded Peavey Electronics Corp., which is described on its website as among the world’s largest makers and suppliers of musical instruments, amplifiers and professional audio systems. He is CEO and his wife is president of the firm, headquartered in Meridian, Mississippi.

The estate the Peaveys just sold lies about a mile south of the Ocean Avenue bridge to Lake Worth. The property includes a dock in the Intracoastal Waterway, a tennis court and an oceanfront swimming pool with a whirlpool spa.

Broker Christian Angle of Christian Angle Real Estate confirmed he handled both sides of the Manalapan sale but declined further comment.

The Peaveys had the estate homesteaded in the latest Palm Beach County tax rolls.

More: Manalapan estate with oceanside mansion goes for $28 million: deed In March, the Gulatis paid a recorded $8.6 million for their Jupiter house on Quayside Drive, according to records kept by the county clerk’s office. That house has five bedrooms and 11,300 total square feet on a half-acre lot, records show.

In the Jupiter transaction, agent Robert Thomson of Waterfront Property & Club Communities acted for the sellers, Gerald and Eugenia Mercadante, according to records in the multiple listing service. The Gulatis were represented in the Jupiter sale by agents Seth Benkaddour and Nadine Fite of William Raveis South Florida. https://www.palmbeachdailynews.com/story/business/real-estate/2021/08/07/sea-lake-estate-brings-25-75-million-near-palm-beach-deed-shows/5523… 3/4

8/9/2021

Sea-to-lake estate brings $25.75 million near Palm Beach, deed shows

Big deals in Manalapan Since the start of the New Year, several properties have sold in Manalapan for more than $20 million, at least in part because highquality waterfront estates in Palm Beach have become more difficult to come buy, real estate observers say.

In the largest of those sales, Netscape co-founder Jim Clark paid a recorded $94.17 million in March for the Ziff family’s massive estate — plus another $200,000 for part of a vacant island off its coast — just north of the Boynton Beach Inlet at 2000 S. Ocean Blvd. In that sale, agents Cristina Condon, Todd Peter and Frances Peter of Sothebys’ International Realty acted on behalf of the seller, while broker Lawrence Moens of Lawrence A. Moens Associates represented Clark. * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist. You can reach him at dhofheinz@pbdailynews.com. Help support our journalism. Subscribe today. @PBDN_hofheinz

https://www.palmbeachdailynews.com/story/business/real-estate/2021/08/07/sea-lake-estate-brings-25-75-million-near-palm-beach-deed-shows/5523…

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11/14/22, 8:21 AM

Sold 3 times in 2 years, Palm Beach house doubles in value to $15M

REAL-ESTATE

Sold 3 times in 2 years, a Palm Beach house has more than doubled in value to $15 million A custom home built in 2009 at 245 Ridgeview Drive in Palm Beach changed hands for $7.3 million in 2020 and $7.66 million in 2021.

Darrell Hofheinz Palm Beach Daily News Published 5:30 a.m. ET Nov. 14, 2022

Updated 7:22 a.m. ET Nov. 14, 2022

A Palm Beach house has changed hands for the third time in two years, and the price — $15.05 million – is more than double what it sold for in late 2020, according to property records and the multiple listing service.

Completed as a custom home in 2009, the four-bedroom house at 245 Ridgeview Road on the North End sold for $7.3 million in November 2020 and flipped for $7.66 million about eight months later, courthouse records show.

No deed for the latest sale, which closed Thursday, has been recorded by the Palm Beach County Clerk’s office, so the buyer’s identity isn’t yet available in public records. But the sold price was reported in the MLS. The clerk’s office was closed Thursday because of the threat from Hurricane Nicole and Friday for Veterans Day. Sold in 2020: Palm Beach house at 245 Ridgeview Drive sells for $7.3M, then re-listed at $8.2M Down to the ground! Crews begin razing billionaire’s $110-million-plus tear-down mansion in Palm Beach The house was sold by hedge-fund manager Brett Barakett and his wife, Meaghan, property records indicate. Brett Barakett in 2001 founded Tremblant Capital, a global assethttps://www.palmbeachdailynews.com/story/business/real-estate/2022/11/14/florida-real-estate-sold-3-times-3-years-palm-beach-house-doubles-value…

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Sold 3 times in 2 years, Palm Beach house doubles in value to $15M

management and investments firm with offices in West Palm Beach and Stamford, Conn. He is listed on the firm’s website as partner, chairman and chief investments officer.

The Baraketts had the house homesteaded as their primary residence in the latest Palm Beach County tax rolls.

The couple has been busy across town with a major multi-year restoration project that completely rebuilt Southways, a landmarked 1920s-era Beaux Arts-style house at 130 Barton Ave. They paid a recorded $16.85 million for Southways in August 2019.

Southways sold: Stately landmarked house near beach at 130 Barton Ave. sells for $16.85 million Billionaires in Palm Beach: Trump back on Forbes 400 and is among list’s 34 Palm Beach billionaires

Palm Beach house has open family room with vaulted ceiling Broker Christian Angle of Christian Angle Real Estate represented them in their purchase of Southways and also handled both sides of last week’s sale on Ridgeview Drive. Angle and his clients could not be immediately reached for comment.

The house on Ridgeview Drive stands on a midblock lot of about a quarter-acre and has 5,294 square feet of living space, inside and out. Ridgeview Drive is the third street south of the Palm Beach Country Club.

The layout of the house features a well-equipped kitchen that is open to a family room crowned by a vaulted ceiling. The nearby butler’s pantry has a wet bar and wine refrigerator, according to Angle’s sales listing.

The first-floor primary bedroom suite has double closets and an oversize bathroom along with an indoor-outdoor shower. The upstairs guest bedrooms have en-suite baths and doors that open onto balconies.

In the backyard, a covered loggia faces the pool, which has a sun-shelf. Other outdoor amenities include a fireplace and a built-in barbecue area.

Architect Roger Janssen of Dailey Janssen Architects in West Palm Beach designed the house for its original owners, Forrest J. Bahl II and his wife, attorney Amy Dukes Bahl. In the 2020 sale, the Bahls sold the house to James D. Hanegan, who acted as trustee of two trusts that https://www.palmbeachdailynews.com/story/business/real-estate/2022/11/14/florida-real-estate-sold-3-times-3-years-palm-beach-house-doubles-value…

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Sold 3 times in 2 years, Palm Beach house doubles in value to $15M

shared a 50% interest in the property — the Belobella Family Trust and the Venice Family Trust.

The Baraketts bought the house from the two trusts in July 2021, and Angle negotiated for them opposite agent Marley Goodman Overman of Illustrated Properties.

Property records show the Baraketts purchased the Ridgeveiw Drive property through a Delaware-registered limited liability company. They then immediately leased it to themselves for a term of 99 years, an arrangement that allowed them to qualify for a homestead exemption under state law.

In the Baraketts’ 2019 purchase of Southways, agent Steven Gallant of Gallant Appraisal & Realty handled the seller’s side. Gallant’s family had owned the house for decades. * This is a developing story. Check back for updates. * Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

https://www.palmbeachdailynews.com/story/business/real-estate/2022/11/14/florida-real-estate-sold-3-times-3-years-palm-beach-house-doubles-value…

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5/11/22, 1:04 PM

Terry Taylor Buys Oceanfront Palm Beach Condo for $8M

Auto dealership magnate Terry Taylor buys oceanfront Palm Beach condo Condo was built in 1990, gut-renovated by the sellers in 2015 Miami

May. 11, 2022 10:30 AM

By Adam Farence

https://therealdeal.com/miami/2022/05/11/auto-dealership-magnate-terry-taylor-buys-oceanfront-palm-beach-condo/

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5/11/22, 1:04 PM

Terry Taylor Buys Oceanfront Palm Beach Condo for $8M

Douglas Elliman’s Scott Gordon with 2770 South Ocean Boulevard (Douglas Elliman, Google Maps) An auto dealership magnate dropped $7.5 million on a gut-renovated oceanfront Palm Beach condo.

Property records show Terry R. Taylor, using an entity he leads, bought unit S-502 at 2770 South Ocean Boulevard. The seller is O’Keefe Limited Partnership, a Canadian entity with a Toronto address.

Taylor leads West Palm Beach-based Automotive Management Services, which shares the same address as the entity he used to buy the condo. Taylor is the largest private owner of auto dealerships in the country, with more than 120 dealerships throughout the South and Midwest, according to Automotive News.

The condo was listed in March for $7.5 million. Scott Gordon with Douglas Elliman had the listing. Christian Angle with Christian Angle Real Estate represented the buyer. Angle could not be reached for comment.

https://therealdeal.com/miami/2022/05/11/auto-dealership-magnate-terry-taylor-buys-oceanfront-palm-beach-condo/

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Terry Taylor Buys Oceanfront Palm Beach Condo for $8M

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Gordon said the sellers, two brothers from Toronto, gut-renovated the condo in 2015 after they bought it for $2.8 million. He said they worked with interior designer Allison Paladino.

Gordon said the buyer paid $7.2 million for the unit and $300,000 for the furniture. He declined to name the buyer. The total sale price breaks down to $1,782 per square foot.

Built in 1990, the 4,040-square-foot condo comes with three bedrooms, three bathrooms and one-half bathroom, according to Realtor.com.

In 2017, Taylor paid $25 million (https://therealdeal.com/miami/2017/04/05/us-car-dealerterry-taylor-revealed-as-buyer-of-25m-porsche-design-penthouse/) for a penthouse at

Porsche Design Tower at 18555 Collins Avenue in Sunny Isles Beach. Records show he still owns the property. In 2016, he paid $5 million (https://therealdeal.com/miami/2017/07/06/porsche-design-tower-ph-owner-terry-taylorwants-to-flip-smaller-unit-for-7-3m/) for unit 3203 at the same tower, with plans to flip it

for $7.3 million, but records show it sold for $4.9 million.

Other recent Palm Beach (https://therealdeal.com/miami/tag/palm-beach/) sales include billionaire Steve Wynn flipping a waterfront home in April for $32 million (https://therealdeal.com/miami/2022/04/22/billionaire-steve-wynn-flips-palm-beach-homefor-32m-up-33-in-a-year/) within a year of buying the property for $24 million. Also in

April, the Frisbies sold a spec townhouse on the former site of Charley’s Crab restaurant

https://therealdeal.com/miami/2022/05/11/auto-dealership-magnate-terry-taylor-buys-oceanfront-palm-beach-condo/

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