The Real Deal Miami

Destroyed Palm Beach home sells for $6M

Seller was former exec director of U.S. Polo Association

February 03, 2015 11:20AM

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417 Primavera Way in Palm Beach

Three months after a house fire destroyed a Palm Beach mansion, it was sold for $6.5 million.

Its former owners, Allan and Margaret Scherer, sold the 10,000-square-foot home to a Delaware-based company on Jan. 28. 

Allan Scherer is a former executive director of the U.S. Polo Association and the former vice president of the Palm Beach Polo & Country Club.

The estate, located at 417 Primavera Way, was built in 1963 and has five bedrooms and six-and-a-half bathrooms.

The cause of the fire is still unknown, but the fire department estimated damages estimated at $2 million. Neighbors and nearby residences heard explosions from the home, which burned for hours before the flames died out, the Palm Beach Daily News reportedSean Stewart-Muniz

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