Gannett heirs sell Palm Beach County house to Gary Nicklaus

18812 Rio Vista Drive
18812 Rio Vista Drive

Former professional golfer Gary Nicklaus – son of Jack – purchased a waterfront home in Palm Beach County from Gannett family descendants for $2.5 million, The Real Deal has learned.

Nicklaus purchased the four-bedroom, 4,700-square-foot house at 18812 Rio Vista Drive in Tequesta, according to Palm Beach County records. The five-bathroom residence was constructed in 1998. The transaction was recorded last week.

Northern Trust gave Nicklaus and his wife Amy a 30-year loan that covers the entire purchase price. The mortgage has a fixed interest rate until December 2021, when it will change to an adjustable rate, according to mortgage documents.

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The sellers are Karen Gannett of Fort Lauderdale and Frank Gannett of Steamboat Springs, Colo. They paid about $2.7 million for the property in July 2009.

Nicklaus was a member of the PGA Tour for three years. His brother Steven paid $1.1 million for a Palm Beach County home about two weeks before selling another property for $8.3 million during the summer.