search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan
South Florida

Spec home in Palm Beach commands $5.09 million

264 Country Club Road in Palm Beach (Source: Andy Frame for Sotheby's International Realty.
264 Country Club Road in Palm Beach (Source: Andy Frame for Sotheby's International Realty.

A new 4,900-square-foot home built on speculation in Palm Beach sold for $5.09 million.

The developer, Malasky Homes, sold the four-bedroom, two-story home at 264 Country Club Road to Dr. Mike Kafrissen and his wife Jill. 

Sign Up for the undefined Newsletter

Architect Pat Segraves designed the West Indies-style home with an elevator, a large two-car garage and an outdoor fireplace, among other features.

Jude Moss of Sotheby’s International Realty represented both the buyer and the seller in the transaction. Moss listed the house for sale with an asking price of slightly less than $5.6 million in September.

Malasky Homes, a family business in West Palm Beach, acquired the site of the new home for $1.15 million in September 2013. [Palm Beach Daily News] — Mike Seemuth

Tags
Luxury Real EstatePalm Beach