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Former Sony Music Chairman Tommy Mottola sells Palm Beach home

July 09, 2012 03:00PM

Tommy Mottola and Ariadna Sodi Miranda and their former home at 302 Caribbean Road

Former Sony Music Chairman Tommy Mottola, and his singer-actress wife, Ariadna Sodi Miranda have sold their Palm Beach home for $6.53 million, according to the Palm Beach Daily News. The buyers were Connecticut natives Stephen and Muffie Bancroft Murray, who were represented by Liza Pulitzer of Brown Harris Stevens. The sale of the home, which is located at 302 Caribbean Road, netted $530,000 more than Mottola originally paid for it in 2008. It had originally been listed for $7.45 million by Corcoran’s Paulette Koch and Dana Koch. [PBDN]