Canadian entrepreneur drops $8.8M on Palm Beach home

Miami /
Oct.October 24, 2016 04:37 PM

A Palm Beach philanthropist sold her waterfront Billionaires Row home to the head of a large Canadian baby products company for $8.75 million, or $1,312 per square foot. 

Records show Flora Heilweil, who owned the home with her late husband Jerry Heilweil, sold the property at 1632 South Ocean Boulevard in Palm Beach to Maurice Pinsonnault, owner and CEO of Angelcare, a baby monitor and baby care company.

The 6,671-square-foot, four-bedroom house was built in 1955 and restored in 1995. It sits on a 0.66-acre lot.

Property records show the Heilweils paid $1.7 million for the home in 1995. The Fite Group’s Thor Brown put it on the market in March for close to $13 million, then chopped the asking price to nearly $11 million.

Jerry Heilweil, who died in 2011, was chairman and president of JP Heilweil Industries.

The property includes beachfront across South Ocean Boulevard, and in the home a grand living room with parquet floors, columns and a marble fireplace, according to the listing. Previous owners include Josef M. Issels, a German doctor who created the Issels treatment, a controversial alternative cancer treatment that has since been ruled ineffective.

No financing has been recorded for the buyer, Maurice Pinsonnault Management Inc.

Neighbors on Billionaires Row include Ken Griffin and the late vice chairman of Lazard Freres & Co.


Related Articles

arrow_forward_ios
Alec Scheiner, former Cleveland Browns president, with 249 Sandpiper Drive in Palm Beach (RedBird Capital, Sotheby's International Realty)
Ex-Cleveland Browns president scores Palm Beach home
Ex-Cleveland Browns president scores Palm Beach home
Q2’s largest retail transaction: Regal Acquisitions’ $34 purchase of CVS-anchored retail at Boulan South Beach hotel (Google Maps)
South Florida’s retail market slowly emerges from pandemic woes in Q2
South Florida’s retail market slowly emerges from pandemic woes in Q2
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
DLocal founder Andres Bzurovski with the Porsche Design Tower penthouse (DLocal)
Uruguayan fintech billionaire buys penthouse at Porsche Design Tower
Uruguayan fintech billionaire buys penthouse at Porsche Design Tower
Thomas Iovino and the Palm Beach property (Iovino via LinkedIn, Brown Harris Stevens via Realtor)
Construction chief buys flipped Palm Beach spec mansion for $18M
Construction chief buys flipped Palm Beach spec mansion for $18M
Tommy Hilfiger and his wife Dee Ocleppo Hilfiger with the Palm Beach location (Google Maps, Getty)
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
Todd Michael Glaser with 10 Tarpon Isle (Todd Michael Glaser)
Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
Moving on up: Wealth manager upgrades to $15M Palm Beach home
Moving on up: Wealth manager upgrades to $15M Palm Beach home
Moving on up: Wealth manager upgrades to $15M Palm Beach home
arrow_forward_ios

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

Loading...