North End lots in Palm Beach trade for $12M

Miami /
Dec.December 26, 2013 04:30 PM

A Boca Raton-based limited liability company affiliated with luxury homebuilder Mark Pulte has paid $12 million in two separate deals for a North End oceanfront vacant lot and an adjacent empty parcel in Palm Beach, according to city records filed Monday.

The buyer, named in city records as 6 Ocean Lane LLC paid $7.475 million for the oceanfront half-acre lot and $4.6 million for the attached smaller lot, Palm Beach Daily News reported. The sellers of the properties at 6 Ocean Lane and 5 Ocean Lane – located south of the Beach Club – were Montreal-based H. Greg and Chantal Chamandy, who paid $12.8 million for them in 2006, according to the Daily News.

Lawrence Moens represented both sides of the deal, sources told the Daily News, but the newspaper could not reach him for comment.

Pulte is a prominent builder of homes in Delray Beach, Gulf Stream and Boca Raton, according to the Daily News. [Palm Beach Daily News]Hiten Samtani


Related Articles

arrow_forward_ios
450 Royal Palm Way and the buyer H. William Perry. (Google Maps, Gunster)
Banker’s Row office building in Palm Beach sells for $17M
Banker’s Row office building in Palm Beach sells for $17M
Carl Panattoni and 965 North Ocean Boulevard (Photos via Panattoni Europe, Google Maps)
Carl Panattoni sells oceanfront Palm Beach property for $34M to Stock Development
Carl Panattoni sells oceanfront Palm Beach property for $34M to Stock Development
David Tepper and 905 North Ocean Boulevard (Getty, Google Maps)
Hedge fund billionaire David Tepper paid $68M for Palm Beach mansion
Hedge fund billionaire David Tepper paid $68M for Palm Beach mansion
The property has 5 bedrooms in the main house and 2 in the guesthouse. (901 North Ocean blvd)
Palm Beach developer lists spec mansion next door to David Tepper’s for $84M
Palm Beach developer lists spec mansion next door to David Tepper’s for $84M
David Tepper and 905 North Ocean Boulevard (Getty, Google Maps)
Carolina Panthers owner to buy $73M Palm Beach mansion
Carolina Panthers owner to buy $73M Palm Beach mansion
Scott Shleifer and 535 North County Road in Palm Beach (Photos via LinkedIn, Google Maps)
Private equity titan buys Palm Beach estate asking $140M: sources
Private equity titan buys Palm Beach estate asking $140M: sources
Cobey Rapaport and 790 South County Road, Palm Beach (Getty, Google Maps)
South Florida developer’s widow sells waterfront Palm Beach mansion for $31M
South Florida developer’s widow sells waterfront Palm Beach mansion for $31M
535 North County Road and Mark Pulte with former President Donald Trump (Google Maps; Pulte Family Foundation; Getty)
Spec home built on Trump’s former Palm Beach property under contract for $140M
Spec home built on Trump’s former Palm Beach property under contract for $140M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...