The Real Deal Miami

Royalton sells landmarked Palm Beach home

English luxury builder gets nearly $12 million for house carved out of larger portfolio

October 20, 2014 12:00PM

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61 Middle Road entrance (inset: Peter Wood)

61 Middle Road entrance (inset: Peter Wood)

A company linked to an English homebuilding firm got nearly $12 million for a landmarked home in Palm Beach.

Royalton Group US Holding Inc., which is tied to Surrey, England-based Royalton Group, sold the 61 Middle Road residence in a transaction recorded on Friday, according to Palm Beach County records. The home was one of three properties the firm acquired from billionaire philanthropist Jon Stryker in a $43 million deal that closed in May. Royalton hired Barrett Welles Property Group of Palm Beach to market the seven-bedroom, 7,330-square-foot house, which was built in 1926.

Ben Han and Laetitia Perais are the buyers. The couple did not obtain financing for the purchase.

Royalton is co-owned by insurance entrepreneur Peter Wood, who is a seasonal resident of Palm Beach.

Ben Stein of Brown Harris Stevens represented the buyers. — Eric Kalis

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