The Real Deal Miami

Doug Crocker sells waterfront Delray Beach mansion for $6M

Crocker is chairman and CIO of Chicago-based Pearlmark Real Estate Partners

July 19, 2016 08:45AM
By Katherine Kallergis

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Pearlmark Real Estate Partners executive Douglas Crocker II sold his waterfront Delray Beach estate for $6 million, slightly less than the property’s list price.

Crocker, chairman and chief investment officer of Chicago-based Pearlmark and Transwestern Multifamily Partners, and his wife Cynthia Crocker sold the five-bedroom, 9,536-square-foot mansion to Pamela J. Kennedy, records show.

Crocker, who is now semi-retired after a 40-year career of buying and selling properties in Boston, New York, and Chicago, paid close to $4.9 million for the home at 963 Evergreen Drive, and the Crockers put it on the market in March for $6.35 million.

The Delray Beach estate features 272 feet of water frontage, an elevator, pool, smart home features, a mahogany double-door entry, a master suite and guest quarters. Property records show the three-story mansion was completed in 2003.

Jilly Cammisa of Premier Estate Properties was the listing agent, according to Redfin.

No financing was recorded.