Five-bedroom Palm Beach home commands $11.39 million

The sellers may be downsizing; they bought a Palm Beach condo in August

Dec.December 19, 2015 04:30 PM

The sellers had purchased 301 Polmer Park in Palm Beach for $2 million in 1988.

Barbara R. and Ira A. Eichner sold their five-bedroom home Palm Beach for $11.39 million to a New York City-based trust.

Barbara and Ira Eichner bought the residence at 301 Polmer Park in the North End neighborhood of Palm Beach for $2 million in 1988.

The buyer, Braxca Palm Beach Trust 2015, is based at the address of a cooperative apartment on East 66 Street in Manhattan. Public records have linked the apartment to the Brenda and Carlin Axelrod Foundation.

Data published by the Palm Beach Board of Realtors Multiple Listing Service show that Betsy S. Green, a Douglas Elliman agent, represented the buyer of the Palm Beach home.

The home has 8,473 square feet of living space, indoors and outdoors, and features a tennis pavilion, a swimming pool and cabana, and lush gardens.

The late Robert W. Gottfried built the house in 1973 in his signature Gottfried Regency architectural style.

The Eichners appear to be downsizing. They paid $5 million in August for a three-bedroom unit at the Il Lugano condominium in Palm Beach.

Ira Eichner retired as chairman of aviation services provider AAR Corporation in 2005. [Palm Beach Daily News] — Mike Seemuth

Related Articles

From left: Michael and Suzanne Ainslie with 202 Plantation Road and Ron Terwilliger (Credit: Getty Images and Redfin)

Ex-Lehman Brothers director sells Palm Beach home to retired Trammell Crow CEO

Daily Digest Miami

Antonio Brown gives deposition for allegedly damaging Sunny Isles condo, Baptist plans senior living in Coral Gables: Daily digest

Robert Matthews and Palm House Hotel

Embattled Palm House developer Robert Matthews agrees to federal securities charges

Ken Griffin over the island of Palm Beach

Inside billionaire Ken Griffin’s massive Palm Beach holdings

Collage of Ken Griffin’s properties and Ken Griffin

Ken Griffin’s many many mansions: Billionaire’s latest is a $99M Palm Beach estate

Robert Matthews and the Palm House Hotel (Credit: NAIOP)

Palm House Hotel developer will use taxpayer money to pay legal bills: report

Steve Wynn and 1960 South Ocean Boulevard (Credit: Sotheby's and Getty Images)

Disgraced casino mogul Steve Wynn drops $43M on Palm Beach estate

President Donald Trump (Credit: Getty Images, Mar-A-Lago Club)

Trump properties in Palm Beach County could get $1.5M tax bill