Malcolm Glazer’s son takes hit on Palm Beach home sale

Miami /
Sep.September 15, 2014 09:45 AM

The son of late billionaire businessman Malcolm Glazer took a $1.8 million hit on the sale of a Palm Beach home.

Joel and Angela Glazer sold the 535 South County road residence for $7.5 million in a transaction recorded on Friday, according to Palm Beach County records. The couple paid $9.3 million for the five-bedroom, 6,260-square-foot house in June 2007. The house was originally constructed in 1938 and renovated in 2002.

The buyer is 535 South County Road LLC of West Palm Beach. State corporate records identify Francis Lynch as the company’s manager. No financing was recorded.

A commencement notice indicating plans to demolish the existing home was also filed with the county on Friday.

Malcolm Glazer, who held a controlling ownership stake in the Tampa Bay Buccaneers and England’s Manchester United, died in May. The Glazer family actively buys and sells property throughout Palm Beach.

In July, Avram “Avie” Glazer – another son of Malcolm – got nearly $13 million for a landmarked home in the town’s Estate Section. — Eric Kalis


Related Articles

arrow_forward_ios
Gina Rinehart with 107 Dolphin Road and 6 Via Los Incas in Palm Beach
Australian billionaire family linked to Palm Beach home purchases totaling $100M-plus
Australian billionaire family linked to Palm Beach home purchases totaling $100M-plus
Tommy and Dee Hilfiger with 930 South Ocean Blvd in Palm Beach (Google Maps, Getty)
Super broker Lawrence Moens sells Palm Beach estate to Tommy Hilfiger for $37M
Super broker Lawrence Moens sells Palm Beach estate to Tommy Hilfiger for $37M
Former NFL owner Dwight Schar, 550 S Ocean Blvd, Palm Beach
Billionaire former NFL owner Dwight Schar sells Palm Beach estate for $45M
Billionaire former NFL owner Dwight Schar sells Palm Beach estate for $45M
6 Via Los Incas, 241 Jungle Road and 150 El Vedado Road with Designer Tom Ford, Josh Harris and Rob Heyvaert
Flipper’s paradise: Ultra-rich score on Palm Beach sales
Flipper’s paradise: Ultra-rich score on Palm Beach sales
From left: Randall Realty Group’s Jordan, Jim, and Benjamin Randall along with 2875 South Ocean Boulevard in Palm Beach (Getty, LoopNet, Randall Realty Group)
Randall Realty pays $15M for Palm Beach office-retail building
Randall Realty pays $15M for Palm Beach office-retail building
Sanders Capital's Lewis Sanders with 466 South Ocean Boulevard (Sanders Capital, Google Maps, Getty)
Financier flips Palm Beach townhome to hedge funder for $27M
Financier flips Palm Beach townhome to hedge funder for $27M
1400 S Ocean Boulevard and P4 Healthcare's Raj Mantena (Luxury Resort Portfolio, ASCO.org)
Health care CEO buys oceanfront Manalapan estate for $48M
Health care CEO buys oceanfront Manalapan estate for $48M
Irwin B Ackerman with 107 Dolphin Road (Getty, Ackerman & Ackerman)
Real estate investor sells Palm Beach house for $35M
Real estate investor sells Palm Beach house for $35M
arrow_forward_ios

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

Loading...