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

Home boasts 155 feet of private beach and a two-bedroom guest house

TRD MIAMI /
Apr.April 01, 2017 11:00 AM

2470 South A1A

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
Daniel and Mayi de la Vega, Michael Thorpe and Kimberly Thorpe

One Sotheby’s moves into Florida’s Treasure and Space coasts

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein (Credit: Daily Beast | Getty)

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

South Florida firm buys Sunrise apartment complex for $20.2M

South Florida firm buys Sunrise apartment complex for $20.2M

Home owned by late Miami Marlins pitcher Jose Fernandez is in foreclosure

Home owned by late Miami Marlins pitcher Jose Fernandez is in foreclosure

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

PB Gardens condo community seeks yet another contractor to repair its buildings

PB Gardens condo community seeks yet another contractor to repair its buildings

arrow_forward_ios