Patrón CEO sells Manalapan estate for $40M

Miami /
Mar.March 20, 2017 04:00 PM

Edward M. Brown, the president and CEO of the Patrón Spirits Company, can now pour himself a much-deserved drink.

Property records show Brown sold his 3-acre waterfront estate at 1370 South Ocean Boulevard for $40 million to Borogove Limited, a London-based entity.  No financing was recorded. 

Records filed with Companies House, a U.K. government-run website, shows Dr. Mary Christine Anne Henley, a researcher, controls Borogove.

Brown’s EB ESM31 LLC closed on the sale of the 32,000-square-foot estate, called Casa Brisas, on Thursday, according to Redfin. Jack Elkins of the Fite Group had the listing, while Farid Moussallem of Compass represented the buyer. Both declined to comment on the buyer’s identity.

The nine-bedroom Manalapan mansion features a fireplace, wine room, art gallery, library, gym and spa salon, massage room and yoga terrace. The property, which fronts the Atlantic Ocean and Intracoastal, also includes a new private dock with lifts for a boat and jet skis. Brown told CNBC in January that the home boasts a “man cave” stocked with Patrón, a $1 million waterfall, a $50,000 racing simulator, and a 1,500-square-foot closet in the master suite.

Brown bought the estate in December 2012 for $15.6 million, according to property records and later began a multi-year renovation.

Elkins listed the home in the spring of 2015 for $37.5 million, but said at the time that the price would increase as renovations progressed. In August, it came back on the market asking $48.9 million. It was last listed for $45 million, and sold at an 11 percent discount from that price.

In February, Manalapan saw two big-ticket sales. A doctor who served time in federal prison for tax evasion sold his mansion at 840 South Ocean Boulevard for $21.45 million, and a spec home at 920 South Ocean Boulevard sold for $28 million.


Related Articles

arrow_forward_ios
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
George Bachiashvili & 980 South Ocean Boulevard, Manalapan (Linkedin, Google Maps)
Georgian venture capitalist sells Manalapan lot for $17M
Georgian venture capitalist sells Manalapan lot for $17M
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Kenneth Brodlieb and 3050 South Ocean Boulevard, Manalapan (Realtor, Hofstra)
Auto group chairman buys oceanfront Manalapan lot for $8M
Auto group chairman buys oceanfront Manalapan lot for $8M
640 South Ocean Boulevard (Credit: Zillow)
Oceanfront mansion in Manalapan sells for $36M
Oceanfront mansion in Manalapan sells for $36M
Gables Town Colony apartment complex, Sue Ansel of Gables Residential
Gables Residential scores $85M loan for Boca Raton apartment complex
Gables Residential scores $85M loan for Boca Raton apartment complex
Christian Angle and 1920 South Ocean Boulevard
Car dealer buys waterfront Manalapan estate for $10M
Car dealer buys waterfront Manalapan estate for $10M
arrow_forward_ios

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

Loading...