Textile magnate sells Palm Beach estate for $10.5M

Last sold in 2013 for $8.7M

May.May 05, 2015 03:10 PM

The Palm Beach home of a textile mogul and his wife just sold for $10.5 million.

Located at 260 Kawama Lane, the home sits on a half-acre lot roughly 500 feet from the Lake Worth Lagoon.

It was last sold in 2013 to Loic De Kertanguy and Rebecca De Kertanguy, who paid $8.73 million for the home, according to Palm Beach County property records. 

Loic De Kertanguy is the chairman of JB Martin Co., which specializes in producing velvets, according to its website.

The buyer was a company titled Tiger Rose, which lists a local attorney as its registered agent.

The home, built in 2003, has six bedrooms and seven-and-a-half bathrooms. It spans 8,287 square feet, and is described by its listing as a Dutch Colonial-style house.

Earlier this week, a waterfront estate in West Palm Beach sold for $6.8 million. The property is one of the few in West Palm designed by noted architect John Volk that hasn’t been given landmark designation.

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