The Real Deal Miami

NY philanthropist sells PB estate for $6.8M

By Alexander Britell | August 25, 2011 04:35PM


Carroll Petrie and 109 Jungle Road

Carroll Petrie, the widow of philanthropist and retail mogul Milton Petrie, has sold her Elephant Walk estate at 109 Jungle Road in Palm Beach for $6.81 million, according to a deed filed today in Palm Beach County Circuit Court.

The buyer is based in Palm Beach, according to listing broker Gary Little of Fite Shavell & Associates, who said he was not authorized by the seller to comment.

Petrie bought the home for $7.4 million in 2008, according to the Palm Beach County Property Appraiser.  

The home is 6,681 square feet and has an assessed value of $4.74 million, according to preliminary county property tax estimates for 2011.

Petrie listed the home in April 2010 for $10.6 million with Little and Toni Hollis of Fite Shavell. Hollis was also not available for comment.

Petrie, who was Milton’s fourth wife, also owns a $1.15 million townhouse at the Casa de Carlos complex, which is located in Palm Beach at 335 Australian Avenue. Along with her husband, she placed her name on causes and cultural endeavors from the Metropolitan Museum of Art’s European Sculpture Court to two New York hospitals.

She resides full-time at 834 Fifth Avenue in New York City, according to CityFile. That building is home to several boldfaced names, including Rupert Murdoch and New York Jets owner Woody Johnson.