The Real Deal Miami

Communications industry pioneer sells Delray Beach mansion for $15.4M

House sold for $2.5 million under listing price
April 17, 2015 01:00PM

1111 South Ocean Boulevard

1111 South Ocean Boulevard (Credit: Edward Butera/IBI Designs Inc.)

A pioneer of the communications industry recently sold his beachfront estate in Delray Beach for $15.4 million.

The mansion, at 1111 South Ocean Boulevard, was owned by a pioneer of the 1-900-number industry, which allows callers to pay for services ranging from computer help to sex hotlines.

Eric Cherry, who heads the Delray-based communications company ICN, sold his home to Thomas and Michelle Marra, who are married, according to Palm Beach County public records.

The 15,000-square-foot home was built in 2005, and was listed for sale in 2011 for $24 million. The price dropped over the years, and the most recent ask was $17.9 million, the Palm Beach Post reported.

Inside, the home has a massive 24-foot foyer and a plethora of floor-to-ceiling windows.

At its rear, a man-made creek is set into the patio, and flows into the beachfront pool.

Pascal Liguori of Premier Estate Properties was the listing agent. — Sean Stewart-Muniz