Newly built Palm Beach home sells for $11.6 million

A new Palm Beach home with more than 9,000 square feet of living space sold for $11.6 million.

The two-story, six-bedoom, British-Colonial style home at 301 Maddock Way is in the Landmark Estates section of the town’s North End neighborhood.

The buyers are Barbara Floersheimer Rothschild and her husband Richard Rothschild, longtime Palm Beach residents who own an apartment at the Sun & Surf condominium at 130 Sunrise Avenue.

The deed to the home at 301 Maddock Way, recorded November 25, shows that Barbara Rothschild and Robert T. Michaelson are investment trustees of the Barbara Rothschild 2009 Trust.

The seller is 301 Maddock Way LLC. The limited liability company is related to Malasky Homes, which has been building luxury homes in Palm Beach for more than 20 years.

Don Malasky, who runs Malasky Homes, told the Palm Beach Daily News that the home at 301 Maddock Way is “a pretty spectacular house” and its sale is “a win-win situation for everyone.”

Real estate agent Christian J. Angle, who represented the sellers, was unavailable for comment. Angle advertised the house with a pre-construction price of $11.9 million, then raised it to $12.95 million.

Corcoran Group agents Paulette Koch and Dana Koch represented the buyer. [Palm Beach Daily News]  — Mike Seemuth