The Real Deal Miami

Born to buy: Springsteen drummer picks up Palm Beach home for $7.5M

Developer James Pappas sold the renovated house

August 03, 2016 10:30AM
By Katherine Kallergis

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Max Weinberg and 110 Wells

Max Weinberg (Credit: Craig ONeal) and 110 Wells Road in Palm Beach

A trust tied to drummer Max Weinberg just paid $7.5 million for a Palm Beach home, records show. 

Weinberg, the longtime drummer for Bruce Springsteen’s E Street Band, now owns the five-bedroom, 4,420-square-foot house at 110 Wells Road, steps away from the ocean. Weinberg was also late-night talk show host Conan O’Brien’s bandleader for nearly two decades.

The Mediterranean-style home features marble and hardwood floors, a backyard with loggias, a pool and spa, and a master suite with its own balcony, according to the Redfin listing. It sits on a roughly 16,000-square-foot lot.

James A. Pappas sold the house, which he renovated extensively. Pappas, a real estate developer, signed the deed transfer of ownership on Friday, and died on Monday, according to the Palm Beach Daily News.

A Pappas-led LLC, 110 Wells Road LLC, paid $4.6 million for the property in 2008, and Pappas himself gained full ownership in 2013 for nearly $6.7 million. Christian Angle, of Christian Angle Real Estate, represented Pappas in the sale. He put the house back on the market in September for $8.795 million, eventually lowering the ask to $7.95 million in April.

Dana Koch of the Corcoran Group represented the buyer, the H. Franklin Land Trust, a New Jersey entity based at Weinberg’s address and managed by his attorney Jerald L. Zaro.

Weinberg isn’t new to Palm Beach. The drummer owns two penthouses at the Lake Towers, and flipped a house at 260 El Pueblo Way in 2014 for a $640,000 profit.