The Real Deal Miami

Palm Beach home acquired for $13M

Sellers paid $5.9M for property in 2007, built residence two years later
July 16, 2014 12:00PM

240 Clarke Avenue

240 Clarke Avenue

A Palm Beach home changed hands for nearly $13 million.

Jeffrey and Nicola Marcus sold the 240 Clarke Avenue residence in a transaction recorded on Friday, according to Palm Beach County records. The couple paid about $5.9 million for the 0.41-acre property in April 2007. A four-bedroom, 7,140-square-foot home was constructed two years later.

KMC Property Holdings is the buyer. The company is registered in Delaware, which does not identify corporate principals in state records. No financing was recorded.

Property features include a swimming pool, fountain and patio. — Eric Kalis