Clockwise from right: 137 Peruvian Avenue, Jeff Cloninger, Ava Van de Water and David Fite
It’s been nearly a year since Palm Beach saw an ultra-high end residential transaction: the $25-million sale of 1472 Ocean Boulevard. And while the town’s $25-million-plus estates are beginning to see more activity, brokers said it’s the lower-priced Palm Beach properties that are keeping them busy. [more]
241 El Vedado Road
A Boston couple has purchased the Twin Banyans estate in Palm Beach for $7.28 million, according to Palm Beach County property records, the Palm Beach Daily News reported. The property, which was built in 1936 for Sue Whitmore, the heiress to the Listerine fortune, is located at 241 El Vedado Road. Brown Harris Stevens agent Carlie Seymour represented Peter and Yoon Doelger in the deal. The sellers were Dana Landry and Bill Moody of Washington, D.C. [Palm Beach Daily News]
149 Australian Avenue
The home at 149 Australian Avenue in Palm Beach has sold for $3.98 million, according to Palm Beach County court records, the Palm Beach Daily News reported. The home, which was listed by Brown Harris Stevens agent Becky Myers, was sold by James and Judith Pizzagalli. It had recently seen a discount that brought the asking price down to $4.5 million. [more]
A home for sale in Palm Beach
There were a total of 138 sales of single-family homes in Palm Beach last year, a 35 percent jump from 2010, according to a five-year Palm Beach residential market report from Brown Harris Stevens. The average sales price of a Palm Beach home was $4.4 million, a slight drop from 2010 and 11 percent lower than in the boom years. [more]
Brown Harris Stevens' PB office
Brown Harris Stevens reported that it doubled its sales volume in Palm Beach in 2011 with respect to the total number of transactions completed and properties sold. The firm also announced today that it would be expanding its office at 353 Worth Avenue, a move approved by the Palm Beach Town Council. “The brisk pace of our sales is indicative of a continued upswing in the Palm Beach real estate market,” said William Zeckendorf, co-chairman of Brown Harris Stevens. The expansion will double the current size of the Worth Avenue location, according to Zeckendorf. — Alexander Britell
Casa Sin Nombre, the famed Palm Beach estate that Metromedia founder John Kluge willed to Columbia University upon his death last year, has hit the market for $59 million, according to the Wall Street Journal. Kluge, a Columbia alum and once the Forbes-ranked wealthiest individual in the world, acquired the four-acre, oceanfront compound over the course of three decades, ultimately compiling five lots with upwards of 21,000 square feet of living space, including a 12,000-square-foot main garden house, a 6,000-square-foot oceanfront home designed by architect Addison Mizner, and three other staff and guest homes. [more]
Less than two months after the debut of their Soho showroom, the founders of Miami-based Tui Lifestyle, the two-year-old interior design start-up that promises turn-key luxury home furnishings in a span of 72 hours, are thinking about moving their corporate headquarters to New York City.
Tui, the brainchild of entrepreneur Jason Atkins and designer Tui Pranich, timed its 2008 launch with that of Jorge Perez’s Icon Brickell in Miami and has since made a name for itself in the South Florida region by marketing its affordable, yet high-end, furniture and accessories collections to developers who use them to furnish their model apartments and incentivize buyers.
Among the takers so far: Canyon Ranch Miami Beach, Trump Hollywood, Trump Towers in Sunny Isles Beach and Miami’s Viceroy condominium. But in Atkins’ own words, “Miami is nothing compared to New York.” [more]
The 9,000-square-foot home at 140 El Mirasol in Palm Beach has sold for
$6.7 million to buyer NSHE Rosemead, an Arizona company, according to a
warranty deed from May 24. The property had been listed by Brown Harris
Stevens for $7.9 million. The home is an eight-bedroom, nine-bathroom
home in the British West Indies style, and has deeded beach access. The
seller, Angela Koch, purchased the home in 2001 for $5.3 million, and
the Palm Beach County property appraiser currently value the home at
$7.5 million. [Palm Beach Daily News]
The luxury and second-home markets may still be hurting, but the marketers over at Miami Beach hotel-condo Canyon Ranch are hoping the tranquility of the wellness-inspired property will be enough to lure wealthy New Yorkers away from their chilly recession cocoons.
To that end, the Brown Harris Stevens sales team in New York of Wendy Maitland, Brenda Powers, Reid Price and Elizabeth Sample, recently brought on to market the remaining units, hosted a luncheon this afternoon at Midtown sushi restaurant Nobu 57, where roughly three dozen members of the industry and press gathered to hear their pitch (see slide show above). [more]
From the New York Web site: The $8.9 million New York City home formerly owned by Bernard Madoff is chump change
for toy executive Al Kahn, compared to the home he has just listed.
The children’s entertainment juggernaut responsible for toys like the
Cabbage Patch Kids and Pokemon has put his 4,350-square-foot condo in
the Time Warner Center at 25 Columbus Circle on the market for $33.6
million, following his purchase of the infamous 4,000-square-foot
Madoff duplex at the corner of Lexington Avenue and 64th Street, which went into contract earlier this month. Time
Warner Center mainstays Elizabeth Lee Sample and Brenda Powers of
Brown Harris Stevens have the listing. [more]
