Former tech, pharmaceutical exec sells Palm Beach home for $8.1M

Miami /
Sep.September 16, 2016 04:30 PM

Edward L. Hennessy Jr., a former executive of companies ranging from United Technologies to Avanir Pharmaceuticals to Wackenhut Corp., has sold his waterfront Palm Beach home for $8.1 million.

Records show Deja Views LLC bought the five-bedroom, 6,526-square-foot home at 500 Island Drive. The Rhode Island-based buyer, controlled by a Greenberg Traurig attorney in Boston, did not take out a mortgage for the deal. More information on the buyer was not available in state or county records.

Built in 1955, Hennessy and his late wife Ruth, paid $2.4 million for the 0.4-acre Everglades Island property in 1991. The Hennessys, also philanthropists in Palm Beach, put the house on the market in November for nearly $15 million. The asking price was later reduced to nearly $11 million in April.

The colonial-style home includes a pool, full-house generator, 12-foot ceilings, elevator, master suite, fireplace and views of the Intracoastal and the ocean.

Hennessy has worked for or been on the boards of a number of securities, technology and financial firms, according to a Bloomberg profile. Other owners on the exclusive Palm Beach island have included a former Bear Stearns executive, a member of the St. Louis-based Hermann family, and the founder of the Checkers fast food chain.


Related Articles

arrow_forward_ios
630 Island Drive and Mark Biondi
Related Beal exec linked to purchase of $19M Palm Beach estate
Related Beal exec linked to purchase of $19M Palm Beach estate
Florida Gov. Ron DeSantis
Florida to buy 20K acres of Everglades wetlands
Florida to buy 20K acres of Everglades wetlands
From left: C. Payson Coleman III and Payson Coleman with 555 Island Drive
Family of Tiger Global Management hedge funder buys Palm Beach home
Family of Tiger Global Management hedge funder buys Palm Beach home
Placeholder image
Chicago beer magnate buys mansion in Palm Beach
Chicago beer magnate buys mansion in Palm Beach
Widow of Colgate-Palmolive scion sells Palm Beach estate
Widow of Colgate-Palmolive scion sells Palm Beach estate
Widow of Colgate-Palmolive scion sells Palm Beach estate
State again denies Everglades oil exploration permit
State again denies Everglades oil exploration permit
State again denies Everglades oil exploration permit
Seven-bedroom waterfront house in Palm Beach sells for $23.8 million
Seven-bedroom waterfront house in Palm Beach sells for $23.8 million
Seven-bedroom waterfront house in Palm Beach sells for $23.8 million
Urban sprawl could lead to development of 1.1M acres by 2070
Urban sprawl could lead to development of 1.1M acres by 2070
Urban sprawl could lead to development of 1.1M acres by 2070
arrow_forward_ios

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

Loading...