The Real Deal Miami

Boston millionaire sells Palm Beach condo for $12M

Boston-based Weiners paid $6.9 million for unit 31 in 2010

October 02, 2015 12:45PM
By Katherine Kallergis

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Street view of 2 North Breakers Row

Street view of 2 North Breakers Row

A beachfront condo and cabana on North Breakers Row in Palm Beach has sold for $12 million, Palm Beach County records show. 

Stephen R. Weiner and his wife Roberta sold unit 31 at 2 North Breakers Row, a 48-unit condominium near the Breaker’s Hotel. Weiner is founder of S.R. Weiner & Associates, a Chestnut Hill, Massachusetts-based retail and mixed-use developer. He’s also ranked No. 26 of the wealthiest Bostonians with a net worth of $700 million, according to Boston Magazine.

The Weiners paid nearly $6.9 million for unit 31, a 3,243-square-foot condo and a 159-square-foot cabana, in 2010, according to Palm Beach County property records. The five-story building was developed in 1986.

Thomas P. Jalkut, on behalf of the Hugo Realty Trust, bought the three-bedroom, three-bath and one half-bath unit in October. The building’s amenities include access to the hotel’s gym, florist, hairstylist, manicurist and doorman. Membership includes access to the Breakers’ golf courses, tennis centers and private beach club – which features resort-style pools, Jacuzzis and bungalows.