Palm Beach sale of La Bellucia makes for 2009 record

The big deals came back to Palm Beach’s mansion market when La Bellucia, a storied house in the ultra-rich island’s property pantheon, sold for $24 million. Sources told the Palm Beach Daily News that the sale was the county’s largest on record in 2009. The nine-bedroom house, located at 1200 S. Ocean Boulevard and designed by Palm Beach’s best known architect, Addison Minzer, was purchased by Los Angeles real estate developer and billionaire Jeffrey Greene. First Allied Jacksonville, a Rochester, N.Y.-based holding company owned by Palm Beach resident Malcolm Glazer, a billionaire sports team owner, sold the 12,000-square foot estate, which encompasses 3.8 acres. Paulette Koch and Dana Koch, Corcoran Group associates and partners, listed the trophy property for $27.5 million. [Palm Beach Daily News]