Trust pays $13M for former Qwest CEO’s Jupiter manse

Joseph Nachio and his wife paid $9.5 million for the waterfront home in 2005

TRD MIAMI /
Aug.August 13, 2015 12:45 PM

A Mediterranean-style waterfront mansion in the Admiral’s Cove neighborhood of Jupiter was just sold for $13 million, according to Palm Beach County records.

The house, at 496 Mariner Drive, sits on an acre lot facing the Lake Worth Creek. It measures 14,858 square feet inside and out, and has finishes ranging from exposed beams in the living room to brick arches draped with grape leaves in the kitchen. It was built in 1993 on the eastern side of the Mariner Drive cul de sac, which houses a handful of similarly sized mansions. The home’s other features include a small courtyard leading to its entrance, an outdoor pool and a dock.

Placid Key Trust, with Palm Beach lawyer James H. Ryan as its trustee, was the buyer. The trust took out a $6.5 million loan from Chicago-based Northern Trust Company to finance the deal.

The sellers were Anne M. Esker and her husband Joseph Nacchio, the former Qwest CEO who was convicted of felony insider-trading charges in 2007. The couple paid $9.5 million for the Jupiter home in 2005, which was sold at the time by a company called Clay Lane Rental. The company purchased the home for $4.1 million in 2004, more than doubling its original investment in one year, according to county records.


Related Articles

arrow_forward_ios
377 Eagle Drive (Realtor)

20/20 vision: MyEyeDr CEO buys waterfront mansion in Jupiter for $11M

20/20 vision: MyEyeDr CEO buys waterfront mansion in Jupiter for $11M
Yadier Molina & 6431 River Pointe Way (Credit: Todd Kirkland/Getty Images, and Google Maps)

Baseball player Yadier Molina sells Jupiter mansion for $8M

Baseball player Yadier Molina sells Jupiter mansion for $8M
Ina Kim-Schaad & 5280 Pennock Point Road (Credit: Google Maps)

Golfer Ina Kim-Schaad pays $6M for waterfront mansion in Jupiter

Golfer Ina Kim-Schaad pays $6M for waterfront mansion in Jupiter
212 Spyglass Lane & Carlos Gavidia (Realtor, Instagram/Carlos_E_Gavidia)

“Trumptilla” organizer sells waterfront Jupiter home for $6M

“Trumptilla” organizer sells waterfront Jupiter home for $6M
Jeff Bezos and the site at 14490 Corporate Road North (Google Maps)

SunTrust Equity Funding closes on Amazon-leased site at Palm Beach Park of Commerce

SunTrust Equity Funding closes on Amazon-leased site at Palm Beach Park of Commerce
Max Scherzer and 220 Commodore Drive (Getty, Redfin)

Home run: Washington Nationals pitcher Max Scherzer buys Jupiter mansion

Home run: Washington Nationals pitcher Max Scherzer buys Jupiter mansion
171 Commodore Drive and Mark Seelig (Redfin)

Former casino exec sells Jupiter estate for $6M

Former casino exec sells Jupiter estate for $6M
Jim Nikopoulos, 107 West Bear’s Club Drive (Credit: Google Maps)

Retired Canadian finance exec sells Bear’s Club estate at a loss

Retired Canadian finance exec sells Bear’s Club estate at a loss
arrow_forward_ios

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

Loading...