John Lennon, Yoko Ono’s former Palm Beach home sells: $23M

Miami /
Jan.January 21, 2016 11:15 AM

The former waterfront mansion of John Lennon and Yoko Ono has sold for $23 million, Palm Beach County records show.

The three-story estate, at 720 South Ocean Boulevard on Billionaires Row, was owned by Lennon and Ono from 1980 to 1986. They paid $725,000 for the 1.5-acre property, and sold it for $3.15 million to New England developer Howard Fafard. Lennon died months after they bought the property with plans to renovate it.

Since then, it has been sold twice. In 1990, Alan and Christine Curtis paid $4.32 million for the 13,730-square-foot mansion.

In a deed recorded on Wednesday, the Curtises sold the property to husband and wife John C. Sites Jr. and Cindy Sites. John Sites is a former Bear Stearns executive. He resigned from Bear Stearns, which was acquired by JP Morgan Chase after the recession, in 1995 at age 43. At the time, the New York Times reported Sites was earning more than $14 million a year.

The Mediterranean-style estate, also known as “El Solano,” was built in 1919 and designed by noted Palm Beach architect Addison Mizner. It includes 23 rooms, four fireplaces, a grand ballroom, two pools, a fountain, tennis courts, a beachside cabana and more than 170 feet of waterfront. It also reportedly features a bridge on the second floor that connects the home to novelist James A. Patterson’s mansion directly north.

Christian J. Angle of Christian Angle Real Estate represented the buyers, according to the Palm Beach Daily News. Lawrence Moens of Lawrence A. Moens Associates represented the sellers.

Sites financed his Palm Beach purchase with a $5 million loan, according to Palm Beach County records. Bank of America is the lender.


Related Articles

arrow_forward_ios
Sean “P. Diddy” Combs, DJ Khaled, Trippie Redd, Lil Wayne, Rick Ross and Kodak Black (Getty, iStock, Illustration by Shea Monahan for the Real Deal)
South Florida’s rapper resi market is super dope fire
South Florida’s rapper resi market is super dope fire
Donald Trump, Eric Trump and Donald Trump Jr with 1125 South Ocean Boulevard (Premier Estate Properties, Getty)
Trump’s Palm Beach estate listed for rent asking $208K a month
Trump’s Palm Beach estate listed for rent asking $208K a month
Another auto dealership magnate rolls into Palm Beach to buy a house for $19M
Another auto dealership magnate rolls into Palm Beach to buy a house for $19M
Another auto dealership magnate rolls into Palm Beach to buy a house for $19M
From left: Stephen Macricostas and Andre Branch in front of 4535 Nautilus Court (Getty Images, Redfin)
Buyer of Andre Branch’s former Miami Beach house flips it for $7M
Buyer of Andre Branch’s former Miami Beach house flips it for $7M
184 Sunset Avenue in Palm Beach with Benchmark's Jordan Vogel and Aaron Feldman (Apartments, LinkedIn, Getty)
Benchmark drops $17M for historic Palm Beach apartment building
Benchmark drops $17M for historic Palm Beach apartment building
Trippie Redd with 5600 Southwest 136th Avenue (Getty, iStock, Richard Lopez of Lopez Productions, Illustration by Shea Monahan for the Real Deal)
Rapper Trippie Redd buys Southwest Ranches estate
Rapper Trippie Redd buys Southwest Ranches estate
Emilio and Gloria Estefan with 444 West Rivo Alto Drive (Getty, Redfin)
Gloria and Emilio Estefan sell waterfront Venetian Islands home
Gloria and Emilio Estefan sell waterfront Venetian Islands home
Todd Michael Glaser; 1320 North Lake Way and 576 Island Drive (Todd Michael Glaser, Realtor, iStock)
Todd Glaser, partners flip two waterfront Palm Beach estates for $70M
Todd Glaser, partners flip two waterfront Palm Beach estates for $70M
arrow_forward_ios

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

Loading...