Luxury homebuilder picks up Boynton Beach manse

Buyer paid $5.5M, more than double last sale price in 1996

TRD MIAMI /
Jul.July 08, 2015 12:45 PM

A company tied to luxury homebuilder Mark Timothy just purchased a beachfront mansion in Boynton Beach.

The home, at 6125 North Ocean Boulevard, measures 8,956 square feet and sits on a lot that’s a slightly more than an acre. It was built in 1989, and is part of the small beach town of Ocean Ridge.

The home was owned by Sherry Monroe Broadhead, who first purchased the property in 1996 for $1.9 million. She is the widow of Paul Broadhead, an entrepreneur and real estate developer.

Ownership of the property was transferred to a trust in Sherry’s name 14 years ago, and now that trust has sold the manse for $5.5 million. The property was originally listed for $6.95 million earlier this year by the Corcoran Group.

Mark Timothy, a custom homebuilding company based out of Boca Raton, specializes in building multimillion-dollar estates typically seen along Southern Florida’s beaches or in country clubs.

Attempts to contact the company on Wednesday were unsuccessful. It is likely that 6125 North Ocean will be redeveloped.


Related Articles

arrow_forward_ios
Dot com millionaire sells Ocean Ridge waterfront house for $5.6M

Dot com millionaire sells Ocean Ridge waterfront house for $5.6M

IBI Designs Photography

Asking price for unsold “micro mansion” is now 41% below the original one in 2016

Waterfront spec home on Palm Beach’s Billionaire’s Row sells for $33M

Waterfront spec home on Palm Beach’s Billionaire’s Row sells for $33M

Freedom Mortgage CEO drops $20M on Ocean Ridge estate

Freedom Mortgage CEO drops $20M on Ocean Ridge estate

446 North Lake Way (Credit: Google Maps)

Mark Pulte pays $14M for waterfront lot in Palm Beach

New spec home in Ocean Ridge hits the market for $24.9M

New spec home in Ocean Ridge hits the market for $24.9M

Builder with unsold “micro mansion” plans another

Builder with unsold “micro mansion” plans another

Offshore buyer drops $32M on Palm Beach spec home

Offshore buyer drops $32M on Palm Beach spec home

arrow_forward_ios