The Real Deal Miami

Palm Beach couple downsizes in two multimillion-dollar deals

Sir Geoffrey and Lady Sylvia Leigh unloaded their five-bedroom home in favor of a lakefront condo

July 31, 2016 04:00PM

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219 Clarke Avenue

219 Clarke Avenue

Sir Geoffrey and Lady Sylvia Leigh downsized their Palm Beach residence from a five-bedroom midtown house to a lakefront condo and a two deals totaling $14 million.

Geoffrey Leigh, former chairman and managing director of a real estate company called Allied London Properties PLC, and Lady Sylvia sold their house to a land trust for $9.77 million.

The Leighs’ new residence is No. 302 at the Parc Regent condominium, located at 184 Bradley Place in Palm Beach. The couple paid $4.184 million for the three-bedroom apartment, which had been listed for sale since December.

The couple had bought the house at 219 Clark Avenue a decade ago for $7.9 million, the Palm Beach Daily News reported, citing courthouse records.

Real estate broker Lawrence Moens initially listed the house for sale in November 2014 with an asking price of $13.9 million, which later lowered to $12.8 million.

Gary Pohrer, Douglas Elliman’s Palm Beach director of sales, represented the buyers, who he declined to name. Pohrer told The Real Deal they plan to add personal touches to the 8,152-square-foot mansion, including new bathrooms and flooring. [Palm Beach Daily News] – Mike Seemuth