NY insurance mogul buys Palm Beach Gardens estate for $5.2M

The two-story 7,121 home sold for $730 psf

Jun.June 09, 2017 05:00 PM

12237 Tillinghast Circle (Inset: Paul W. Lovullo)

Paul W. LoVullo of Depew, New York-based insurance company R-T Specialty, and his wife Alison just paid $5.2 million for a mansion in Palm Beach Gardens. LoVullo was previously with LoVullo Associates, which was acquired by R-T Specialty in March.

The two-story, 7,121-square-foot home at 12237 Tillinghast Circle sold for $730 per square foot. The home comes with five bedrooms, eight bathrooms and sits on a 1.03-acre lot, according to Zillow.

The house was designed by Courchene Development. Features include high-raised ceilings, a pool and spa, a fireplace, a wine cellar and a winding staircase that leads to the second floor’s three guest rooms and home theater. The kitchen comes with granite counter tops, a center island and a butler’s pantry, according to Realtor.com.

The seller is Sidney Spiegel, chairman of the Palm Beach-based solar solutions company Solar Services Florida. He also owns Palm Beach’s Royal Poinciana Plaza. Property records show Spiegel bought the home in 2010 for $4 million or $561 per square foot.

Former Miami Dolphins head coach Don Shula and his wife Mary Anne Shula listed their nearby Palm Beach Gardens home for $2.7 million, in February. The NFL coach also licensed his name to restaurants like the Shula’s steakhouse chain and Shula Burger, and has the Shula’s Hotel & Golf Club in Miami Lakes.

Also in Palm Beach County, U.S. Secretary of Housing and Urban Development and former presidential candidate Ben Carson sold his 7,792-square-foot house in West Palm Beach for $920,000 in May.

Related Articles

3650 RCA Boulevard and United Group of Housing CEO Michael J. Uccellini (Credit: Google Maps)

United Group nabs Palm Beach Gardens property to build senior living

Daily Digest Miami

Rise in climate-related home buyouts could worsen housing inequality, Eurostars parent buys historic downtown Miami property: Daily digest

Toll Brothers CEO Douglas C. Yearley, Jr. an a rendering of Avenir Community

Homebuilder Toll Brothers adds to portfolio aimed at active adult communities in Palm Beach Gardens

Brenton Saunders and 14630 Watermark Way

Wrinkle-free deal? Botox parent Allergan CEO sells Palm Beach Gardens home

Daily Digest Miami

Chicken Soup for the Soul publisher sells Deerfield Beach properties, pollutants discovered at new Miami Civil Courthouse: Daily digest

David Associates’ Al Marulli and the Shoppes in the Gardens

David Associates sells Palm Beach Gardens shopping center for $9M

Construction of downtown Hollywood high-rise may start soon

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