When it comes to big dollar transactions in Palm Beach, this season has been marked by an abundance of wealth.
Between October 1 and Thursday, 38 sales were closed at prices recorded at $ 17 million or more. In the same period last year, only 12 deals were closed in this price category – 13 if you register a property that sold for $ 16.9 million.
This season also saw six record sales between $ 30 million and $ 40 million, while nine other offerings hit even higher prices.
Here’s a look at sales – two of which were for vacant lots – at over $ 40 million this season. Unless otherwise noted, prices are those documented by the Palm Beach County Clerk’s Office.
$ 122.7 million – 535 N. County Road
By a deed recorded in February, a recently completed – and furnished – beachfront mansion on 2 acres set a new price record, not only for Palm Beach but probably for Florida. Sources said about $ 133 million actually changed hands in the North End sale, although the price documented at the courthouse is lower.
The limited liability company that bought the property is linked to private equity specialist Scott Shleifer, a partner at Tiger Global Management, according to sources familiar with the transaction. Manager on the buyer’s side, New York-based broker Ryan Serhant de Serhant worked with agent Christopher Leavitt of brokerage firm Douglas Elliman Real Estate in Palm Beach.
The mansion was sold by an ownership entity related to its developer, Mark Pulte of Mark Timothy Inc., based in Boca Raton, broker Lawrence Moens of Lawrence A. Moens Associates held the list and had a stake in the development of the House.
$ 68.385 million – 905 N. Ocean Blvd.
Hedge fund billionaire and Carolina Panthers owner David Tepper and his wife, Nicole, in February bought a never lived in seaside mansion on nearly an acre of North End land. No less than $ 73 million would have changed hands for the furnished house, although the recorded price was lower.
It was the most expensive second house ever to be sold in town, according to property records. The house was built by real estate investor Pat Carney and his wife, Lillian, longtime Palm Beach residents. Premier Estate Properties agent Jim McCann acted for the Carneys.
$ 57 million – 174 Via Del Lago
In March, Beatrice Tollman, who founded Red Carnation Hotels – the UK parent company of The Chesterfield in Palm Beach – sold his renovated domain by the lake on nearly 3 acres in the estate section. The sale marked the second-highest contract on record in Palm Beach for a lakefront estate with no ocean frontage.
The buyer, a limited liability company named 174 VDL Investment LLC, is related in business records to Siren Property Development and Investment LLC. Christian Angle of Christian Angle Real Estate was the listing broker for the estate, which is approximately 307 feet of waterfront. Agent Suzanne Frisbie of Premier Estate Properties acted on behalf of the buyer.
$ 55.15 million – 300 N. Lake Way
The Lakefront Estate of the Fire Kathleen “Kate” DuRoss Ford changed hands in December. It was sold by lawyer Frank L. Chopin as trustee of the estate of the widow of Henry Ford II. Moens had the list, while Angle acted on behalf of the buyers, high-end lighting businessman David Littman and his wife, Constance. The North End property measures over 1.5 acres with 251 feet of waterfront.
$ 49 million – 1350 N. Lake Way
In March, casino and resort billionaire Steve Wynn expanded its real estate portfolio in Palm Beach by purchasing the Carneys custom home on eight tenths of an acre with 156 feet of lakefront. McCann managed both sides of the North End non-market deal.
$ 45.6 million – 172 S. Ocean Blvd.
E. Burke Ross Jr., president of ADEC Private Equity, based in Palm Beach, and his wife Susan Lutz Ross in March separated from La Salona, their restored historic oceanfront home on nearly an acre in Midtown.
The buyer was Bayhigh LLC, a Delaware limited liability company. Besides E. Burke Ross Jr., the trustees of the trust that sold the house included his brother, Amory Ross and Linda D’Addario. Susan Ross also had a stake. Agent Gary Pohrer of Douglas Elliman Real Estate was the listing agent and negotiated across from Angle.
$ 42 million – 1440 S. Ocean Blvd.
In February, Sydell Miller, co-founder of hair and beauty products at Matrix Essentials sold the vacant lot by the lake who remained after she split her ocean-lake estate at the end of 2019 by selling her oceanfront mega-mansion for a recorded sum of $ 105 million.
A trust named after the property’s address was on the buyer’s side. Moens handled both sides of the sale of the lot, which measures 1.7 acres with approximately 246 feet of waterfront on Billionaires Row. Moens was also instrumental in the 2019 sale of the beachfront mansion with Angle.
$ 40.67 million – 1330 S. Ocean Blvd.
A Swiss entity controlled by European businessman Gerald Herz and his wife Isabelle sold their lakeside estate on nearly 2 acres with 184 feet of waterfront on Billionaires Row in January. A limited liability company named after the property’s address was the buyer. Linda A. Gary Real Estate broker Linda A. Gary represented the Herzes. Moens looked after the buyer’s side.
$ 40.25 million – 302, 304 Maddock Way
Two adjacent vacant lots on Maddock Way – one with 185 feet of lake frontage – were simultaneously sold in non-market sales in March. They were sold by two entities linked to JFI, a New York-based company co-founded by billionaire Mitchell Jacobson to manage his family’s investment portfolio; her sister, Marjorie Gershwind Fiverson, is also a director of JFI.
The lots, which together measure nearly 2 acres, were purchased by a Delaware limited liability company named 304 Maddock Way LLC, an entity related to Shade Tree Advisors, a multi-family wealth management office in Saratoga Springs, New York. Moens represented both sides of North End sales.