The Real Deal Miami

NHL commissioner gets Highland Beach condo

Gary Bettman pays $3.1M for second Toscana South unit
February 03, 2014 09:45AM

Gary Bettman and Toscana in Highland Beach

Gary Bettman and Toscana in Highland Beach

National Hockey League commissioner Gary Bettman has added a second condo at Toscana South in Highland Beach for $3.1 million, The Real Deal has learned.

Bettman and his wife Michelle acquired unit 1703, Toscana’s penthouse, at the 3740 South Ocean Boulevard community on Jan. 17, according to Palm Beach County records. The county recorded the transaction on Friday. No financing was recorded.

The sellers are David and Melanie Smallwood of Boca Raton. They paid $2.5 million for the 5,400-square-foot unit in March 2005.

The Bettman’s already own unit 1610 at Toscana South. The couple paid $1.5 million for the 2,900-square-foot condo in November 2006.

Including the latest purchase by the Bettman’s, Toscana has only had three transactions of at least $3 million, according to Douglas Elliman director of luxury real estate Senada Adzem, who served as listing agent in the deal.

A Queens, N.Y. native, Bettman has served as NHL commissioner for more than 20 years. — Eric Kalis