Bonnie McElveen-Hunter sells Palm Beach home for double its 2013 sale price

Financial services CEO bought the property for the American Red Cross chair

Apr.April 19, 2017 03:30 PM

230 Brazilian Avenue. Inset: Bonnie McElveen-Hunter

Former U.S. ambassador and current chair of the American Red Cross Board of Governors Bonnie McElveen-Hunter sold her Palm Beach home for $6.85 million, about double its previous sale in 2013, property records show.

She sold the non-waterfront townhouse at 230 Brazilian Avenue to Patricia and Jon Baker of Boston. Jon Baker is the founder, chairman and CEO of International Planning Group, a life insurance-based financial management firm that works with ultra high-net worth individuals and corporations.

The Bakers’ new Mediterranean-style townhouse has three bedrooms, a gas fireplace, a heated pool, exercise room and an elevator, according to the listing. The nearly 4,700-square-foot home, built in 1998, sold for about $1,470 per square foot, which is high for a non-waterfront property.

It was listed with Betsey Hall of Hall Real Estate for $7.195 million. Hall, who could not immediately be reached for comment, brokered both sides of the deal, according to Redfin.

McElveen-Hunter bought the property in August 2013 for $3.42 million. The property is near Palm Beach’s Worth Avenue, one of the top 20 most expensive retail streets in the country, home to brands like Tiffany & Co., Cartier and Louis Vuitton.

She’s first female chair of the American Red Cross, and is also the founder and CEO of a publishing company, Pace Communications, that works with clients like Trulia and the Four Seasons, according to its website. The Red Cross recently held its 60th annual ball at Mar-a-Lago, only 2.5 miles away from McElveen-Hunter’s former townhome.

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