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The Real Deal Miami

Longtime Palm Beach dwellers sell their home for $5.5M

Price equates to $1,443 psf
By Amanda Rabines | June 26, 2017 08:45AM

227 Miraflores Drive

Jay Nisberg, a management consultant at CPA Financial Services, and his wife Sally Ann sold their Palm Beach home for $5.5 million, according to property records.

The sale price of the 3,811-square-foot house on 227 Miraflores Drive broke down to $1,443 per square foot. Paula Wittmann of the Fite Group had the listing, according to Realtor.com.

The buyer is Coati Limited Trust, with Paul A. Krasker as the trustee, records show.

The Nisbergs have lived on the island for 18 years, according to an article in the Palm Beach Daily News. Records show they previously owned a 2,688-square-foot, five-bedroom, two-bathroom and one half-bathroom home on the northern tip of the island, at 201 Indian Road. They sold it for $2.3 million, in 2013.

Their recently sold three-bedroom, five-bathroom home sits on a third of an acre. Property records show it was built in 2000. The British Colonial-style house sold with inlaid floors, vaulted pecky-cypress ceilings and a heated pool.

June was a busy month for Palm Beach homes sales. Last week, beer industry heir Peter Busch Orthwein brewed up a Palm Beach home deal for $5.7 million. He bought the house for about $1,042 per square foot. Earlier in the month a larger oceanfront house at 1565 North Ocean Way in Palm Beach was sold by billionaire George Lindemann and his wife Frayda for $25.2 million – 21 percent below the asking price. Records show, the Lindemanns bought the 3.4-acre property in 2008 for $23.5 million.