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New York

Spec mansion in Palm Beach fetches $44 million

It's the third sale of new Palm Beach mansion by developer Pat Carney since summer

Ocean view from 1695 North Ocean Way in Palm Beach (Credit: Sargent Architectural Photography) 
Ocean view from 1695 North Ocean Way in Palm Beach (Credit: Sargent Architectural Photography) 

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From the South Florida website: An oceanfront mansion built on speculation in Palm Beach sold for $44 million just two months after the developer listed it for sale. Palm Beach resident Pat Carney developed the house and sold it furnished. Corcoran Group agent Jim McCann listed the new house for sale on January 12 with an asking price of $55 million. [more]