The Real Deal Miami

Palm Beach mansion a $9.3M holiday pick-me-up for luxury market

December 30, 2009 12:57PM

A Palm Beach estate was sold Dec. 23 for $9.3 million, setting a festive holiday tone for a slowly resurgent luxury market. The 12,000-square-foot, three-story, five-bedroom house at 115 Via La Selva belonged to Edward Falcone and was purchased by Edward and Selaine Niedel. Real estate agents Rosalind Clarke and Laura Coyner of the Corcoran Group Palm Beach listed the property for $9.95 million, and it spent only 77 days on the market. Paulette Koch and Dana Koch, also of the Corcoran Group, represented the buyer.

It was the highest sale price for a so-called dry lot property — one that doesn’t have waterfront land — this year, Paulette Koch said. The house, built for Warner Jones in 1928 at a cost of $55,000, was for several decades the home of Winifred Dodge Seyburn, daughter of auto pioneer John Dodge. [Palm Beach Post] and [Palm Beach Daily News]