The Real Deal Miami

Hall of Famer Palmer cuts price on PB home

October 29, 2010 03:45PM

Jim Palmer

Jim Palmer, the Hall of Fame former Baltimore Orioles pitcher, has slashed the price of his Palm Beach mansion by 16 percent after letting it languish for a year on the market. The 4,100-square-foot home, which originally came online at $3.4 million, is now asking $2.9 million. It has three bedrooms, three-and-a-half bathrooms and a pool, and sits one block away from the beach. Palmer and his interior designer wife, Susan, bought the property in 2001 for $1.6 million and renovated it, but now the couple wants to downsize and relocate to California. Paulette and Dana Koch of the Corcoran Group have the listing. Meanwhile, in Miami Shores, public relations guru Paul Wilmot, who represents celebrities like Beyoncé Knowles and Tommy Hilfiger, put his three-bedroom, six-bathroom home on the market for $1.9 million. Unlike Palmer, Willmot is seeking an upgrade, telling the Wall Street Journal that he’s looking “to graduate to a glass box on the ocean.” His current pad, which he bought in 2006 for $1.5 million, only overlooks the swimming pool. Pablo Alfaro of Esslinger Wooten-Maxwell has the listing. [WSJ]