Palm Beach home with $35M in liens sells for $8.5M
Despite having $35 million worth of IRS liens, a custom home in the ocean block of Dunbar Road has sold for $8.5 million.
Investment executive Jay Johnston of Dorado, Puerto Rico, sold the Mediterranean-style house, located at 158 Dunbar Road, to hedge-funder Pieter Taselaar and his wife, Nina, according to public records cited by Palm Beach Daily News.
The six-bedroom custom-built home was designed by architect Lee Kvarnberg, and features 9,070 square feet of living space.
In 2012 and 2013, the IRS filed three liens on the property related to tax debts. Records didn’t show whether the liens were removed before the sale.
Kim Lewis Raich of Sotheby’s International Realty handled both sides of the transaction. [PBDN] – Christopher Cameron