Textile magnate sells Palm Beach estate for $10.5M

260 Kawama Lane in Palm Beach
260 Kawama Lane in Palm Beach

The Palm Beach home of a textile mogul and his wife just sold for $10.5 million.

Located at 260 Kawama Lane, the home sits on a half-acre lot roughly 500 feet from the Lake Worth Lagoon.

It was last sold in 2013 to Loic De Kertanguy and Rebecca De Kertanguy, who paid $8.73 million for the home, according to Palm Beach County property records. 

Loic De Kertanguy is the chairman of JB Martin Co., which specializes in producing velvets, according to its website.

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The buyer was a company titled Tiger Rose, which lists a local attorney as its registered agent.

The home, built in 2003, has six bedrooms and seven-and-a-half bathrooms. It spans 8,287 square feet, and is described by its listing as a Dutch Colonial-style house.

Earlier this week, a waterfront estate in West Palm Beach sold for $6.8 million. The property is one of the few in West Palm designed by noted architect John Volk that hasn’t been given landmark designation.