search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanRobert Rivani’s Black Lion pays $63M for Miami Beach mixed-use buildingRobert Rivani’s Black Lion pays $63M for Miami Beach mixed-use buildingHow NYC fits into the broker commission battleHow NYC fits into the broker commission battle
South Florida

Everglades Island home sells for $9.4M

569 Island Drive
569 Island Drive

Bruce Beal and Francis Cunningham of Palm Beach paid $9.4 million for a two-story waterfront residence on Everglades Island, according to the Palm Beach Daily News.

The Mediterranean-style custom home at 569 Island Drive was built in 2009 and has a little more than 7,100 square feet of living space, counting both the interior and exterior of the four-bedroom home. The house’s outdoor amenities include a lakeside swimming pool and a loggia with wide views of the water and West Palm Beach.

Sign Up for the undefined Newsletter

According to the deed, Beal has a 78 percent interest in the property, while Cunningham owns the remaining 22 percent. Beal’s real estate development and management firm in Boston, the Beal Companies, is listed as the address of both men. Beal serves as partner and chairman of the 125-year-old family-owned firm.

Another Mediterranean-style house, located at 350 Indian Road, that is owned by a land trust for which Beal and Cunningham serve as trustees has been listed at a price of $6.25 million. Built in 2006, that house has six bedrooms and about 8,660 square feet. Beal paid $6.268 million for the Indian Road house when he purchased it in 2006. [PBDN] – Evan Bleier

 

Tags
Everglades