Palm Beach home sells for $6.9M

Bloomberg executive Peter Grauer and his wife have purchased the 1931
home of Peter and Julie Cummings in Palm Beach for $6.98 million,
according to a warranty deed filed yesterday. The 7,900-square-foot home
is located at 201 El Bravo Way in Palm Beach’s Estate Section. Crstina
Condon and Carole Koeppel of Sotheby’s International represented the
sellers, who had paid $3.72 million for the home in 1999. The home was
designed by noted Palm Beach architect John Volk, and was landmarked in
1997. [Palm
Beach Daily News]