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
A photo illustration of 2000 South Ocean Boulevard in Manalapan (bottom), 901 North Ocean Boulevard in Palm Beach (top left), and 102 Jungle Road in Palm Beach (top right) (Brown Harris Stevens, LoopNet, Realtor.com, iStock)
Skyrocketing prices: Top 10 Palm Beach County sales so far this year
Skyrocketing prices: Top 10 Palm Beach County sales so far this year
From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
A photo illustration of 18 La Gorce Circle (top) and 2000 South Ocean Boulevard (bottom) (Redfin, Realtor.com, Master Brokers Forum, iStock)
South Florida by the numbers: Local mega listings and sales
South Florida by the numbers: Local mega listings and sales
Larry Ellison and Jim Clark and 2000 South Ocean Boulevard (Getty, Sotheby’s)
Oracle founder Larry Ellison pays $173M for Jim Clark’s Manalapan estate
Oracle founder Larry Ellison pays $173M for Jim Clark’s Manalapan estate
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
arrow_forward_ios

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

Loading...