The Real Deal Miami

Palm Beach home sells for $9.7M, almost $2 million less than asking price

By Alexander Britell | February 22, 2012 01:30PM

320 Island Road

The home at 320 Island Road in Palm Beach has been sold for $9.7 million, according to a warranty deed filed last Thursday in Palm Beach County Circuit Court.

The 6,028-square-foot home, which is has four bedrooms, five bathrooms and two half-bathrooms, was built in 1950 and was listed for $11.5 million.

The property has direct Intracoastal frontage and includes a three-bedroom guest house on an adjacent parcel.

Listing broker Cristina Condon of Sotheby’s International Realty confirmed the sale but declined to comment, citing a confidentiality agreement.

The buyer was listed as William Atterbury III as the trustee of the Island Road Trust. Atterbury also declined to comment.

The seller was the Island Road Limited Partnership, a Delaware limited liability company which lists Diana Holt as a manager and sole limited partner.