Varden Capital honcho sends his Vero Beach estate to auction for $18M

Miami /
Apr.April 01, 2017 11:00 AM

Want to live like a real estate bigwig? You may just have the chance.

Trace McCreary, head of Varden Capital Properties, is placing a sprawling oceanfront estate in Vero Beach up for auction with an asking price of $17.9 million.

According to a news release from Concierge Auctions, which is organizing the bid, the home at 2470 South A1A boasts 15,040 square feet of living space spread throughout six bedrooms, nine bathrooms, a library, exercise room and private theater.

The main house is decked out with limestone floors, coral-stone walls, a quartz fireplace and a two-story window wall in the main living room. There’s also a two-bedroom guest house that’s connected to the main building by a breezeway. On top of all that, the roughly 1.64-acre parcel sits along 155 feet of private beach.

The auction date is set for April 28, with Clark French and Cindy O’Dare of brokerage Premier Estate Properties collaborating for the sale. There’s no reserve set, according to the release, meaning the property will sell regardless of the final bidding price.

Property records show the beachfront home was built in 2013 by an affiliate of Beachlen Development, and it was later sold to a company controlled by McCreary for $9.3 million in 2015.

This is the second such auction Concierge has handled in Vero Beach over the past month, having recently hosted bids for another waterfront estate at 10 Ocean Lane and an adjacent 1.3-acre lot. — Sean Stewart-Muniz


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