Nine property sales this season topped $ 40 million in Palm Beach

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.

After:UPDATE: $ 122.7 Million Recorded Sale for ‘Spec’ Beach Home Sets New Palm Beach Record

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.

A never-before-lived beachfront home at 905 N. Ocean Blvd.  sold in February for a record $ 68.385 million in a deal that saw billionaire David Tepper on the buyer's side.

$ 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.

After:Billionaire Tepper on the buyer’s side of the sale of the Palm Beach mansion was closed for up to $ 73 million: sources

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.

A historic lakefront estate on nearly 3 acres at 174 Via Del Lago in the Estate section of Palm Beach sold in March for a recorded amount of $ 57 million.

$ 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.

After:EXCLUSIVE: Update: Iconic Mansion Sells For $ 57 Million In Estate Section Of Palm Beach: Act

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.

The mansion that housed the late Kathleen DuRoss Ford at 300 N. Lake Way sold in December for a recorded amount of $ 55.15 million.

$ 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.

After:Kate Ford’s Lakefront Mansion Brings $ 55.15 Million in Palm Beach

A custom home built in 2013 for Pat and Lillian Carney and facing the Intracoastal Waterway at 1350 N. Lake Way, sold in March for $ 49 million to an entity linked to casino billionaire Steve Wynn.

$ 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.

After:EXCLUSIVE UPDATE: Steve Wynn Linked to $ 49 Million Palm Beach Home Purchase

At the corner of Clarke Avenue, a beachfront home at 172 S. Ocean Blvd.  in Midtown Palm Beach sold in March for a recorded amount of $ 45.6 million.  The house had been restored by the vendors, Susan and E. Burke Ross Jr.

$ 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.

After:UPDATE: Historic Midtown Beach Resort Brings $ 45.6 Million, Acts Shows

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.

Beauty and hair mogul Sydell Miller sold in February for $ 42 million per package by the lakeside, circled in red, at 1440 S. Ocean Blvd, which was once part of her ocean-lake estate on Billionaires Row in Palm Beach.  In December 2019, she sold her custom beachfront mansion, seen in the center with a tennis court, in what was then a documented record sale of $ 105 million.

$ 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.

After:Sydell Miller sells lakefront land for $ 42 million, was the last remnant of her old estate

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.

A five bedroom lakefront home built in 2016 at 1330 S. Ocean Blvd.  in Palm Beach sold with its furniture in January for a recorded amount of $ 40.67 million.

$ 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.

After:Lakefront home built in 2016 brings in $ 40.7 million on Billionaires Row in Palm Beach

In March, this vacant lakefront lot at 304 Maddock Way sold along with dry land adjacent to 302 Maddock Way for a total of $ 40.25 million.

$ 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.

After:Two vacant lots next door bring in $ 40.25 million on Maddock Way in Palm Beach

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.

[email protected]


Source link

About Gloria Turner

Check Also

Tons of upgrades to this $949,900 home in West Deptford

WEST DEPTFORD, NJ – This West Deptford home has undergone several upgrades. Learn more about …