Vacant lakeside lot sells for $5M in Palm Beach

The lot on Lake Worth Lagoon was listed for $5.9M in November

May.May 25, 2017 03:10 PM

235 Via Vizcaya

A vacant waterfront lot just sold for $5 million in Palm Beach.

An entity, 235 Via Vizcaya LLC, which lists Maura Ziska as its trustee, purchased the lot at 235 Via Vizcaya. Ziska, a real estate lawyer, usually represents high-net-worth clients in South Florida.

In November, the nearly one-third-acre lot on Lake Worth Lagoon was listed for $5.9 million, according to

County records show the seller as Delaware-based company 235 Via V PB LLC, which lists Stephen P. Magowan as its manager. Magowan is the principal of SES Advisors, a Bala Cynwyd, Pennsylania-based financial consulting firm. He purchased the lot for $4.75 million in 2011. Prior to that, it was sub-divided by the previous owner, Richard Kurtz, who purchased the undivided plot for $7.15 million in 2011. Earlier, David Kosoy, CEO of Sterling Financial Group, paid $3.1 million for the property in 2000.

The area is close to Mar-a-Lago Club, the president’s “Winter White House.”

Developer Edward Falcone and his ex-wife Faye Falcone recently sold their waterfront home in Palm Beach, just three miles north of the lot, at 8 South Lake Trail, for $27 million.

Billionaire hedge funder Paul Tudor Jones II plans to make $6.4 million improvements on an estate a mile-and-a-half south of the lot. He paid $71 million for the oceanfront estate in 2015.

Related Articles

From left: Michael and Suzanne Ainslie with 202 Plantation Road and Ron Terwilliger (Credit: Getty Images and Redfin)

Ex-Lehman Brothers director sells Palm Beach home to retired Trammell Crow CEO

Daily Digest Miami

Antonio Brown gives deposition for allegedly damaging Sunny Isles condo, Baptist plans senior living in Coral Gables: Daily digest

Robert Matthews and Palm House Hotel

Embattled Palm House developer Robert Matthews agrees to federal securities charges

Ken Griffin over the island of Palm Beach

Inside billionaire Ken Griffin’s massive Palm Beach holdings

Collage of Ken Griffin’s properties and Ken Griffin

Ken Griffin’s many many mansions: Billionaire’s latest is a $99M Palm Beach estate

Robert Matthews and the Palm House Hotel (Credit: NAIOP)

Palm House Hotel developer will use taxpayer money to pay legal bills: report

Steve Wynn and 1960 South Ocean Boulevard (Credit: Sotheby's and Getty Images)

Disgraced casino mogul Steve Wynn drops $43M on Palm Beach estate

President Donald Trump (Credit: Getty Images, Mar-A-Lago Club)

Trump properties in Palm Beach County could get $1.5M tax bill