The Real Deal Miami

Former Jimmy Buffett home part of $43M sale

Billionaire Jon Stryker sells three Palm Beach properties to English luxury homebuilder

June 02, 2014 09:45AM

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From left: John Stryker and 540 South Ocean Boulevard

From left: John Stryker and 540 South Ocean Boulevard

Companies tied to an English luxury homebuilding firm paid $43 million for three Palm Beach properties, including 1.6 acres once owned by singer Jimmy Buffett.

Billionaire philanthropist Jon Stryker sold Buffett’s former home at 540 South Ocean Boulevard and two adjacent properties to Royalton Group US Holdings, which is tied to Surrey, England-based Royalton Group. Peter Wood, a seasonal resident of Palm Beach, is the co-owner of Royalton. Stryker purchased 540 South Ocean from Buffett and his wife Jane in 2010.

The transaction also included a landmark home at 61 Middle Road and a half-acre oceanfront parcel at 530 South Ocean Boulevard, where Royalton plans to build a spec home, according to the Palm Beach Daily News. Stryker listed the properties for $47.8 million through Corcoran Group’s Dana and Paulette Koch.

At $43 million, the sale of the 2.6-acre site is the town’s most expensive since shock jock Howard Stern paid $52 million for a North End compound in May 2013. The transaction is also considered the priciest sale of adjacent properties in Palm Beach’s Estate Section. [Palm Beach Daily News]Eric Kalis

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