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


Related Articles

arrow_forward_ios
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
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
arrow_forward_ios

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

Loading...