The Real Deal Miami

Palm Beach sees biggest sale of 2010

October 19, 2010 09:45AM

1075 N. Ocean Boulevard

Michael and Paolo Schulhof have made the largest home sale of the year in
Palm Beach, selling their home at 1075 North Ocean Boulevard for $22.5
million. The couple took a $500,000 loss on the price they paid for the
home in 2008. Realtor Cris Condo of Sotheby’s International Realty in
Palm Beach had listed the property for $24 million. The home is 10,232
square feet and has seven bedrooms. The Schulhofs originally bought the
home from the builder, Wittmann Building Corp. [Palm
Beach Daily News]