US Cable Group chairman sells Palm Beach home for $20M

Stephen E. Myers Sr., co-founder and chairman of US Cable Group, has sold his waterfront Palm Beach estate, fully furnished, for $19.94 million plus the price of its contents. The property, which sits on Lake Worth at 460 Worth Avenue, originally hit the market for $23.9 million in fall 2006. The buyers were Karlheinz and Marianne Andresen, a couple from Hamburg, Germany.