Former Gulf Stream home of conductor Robert Craft and actress wife sells for $9M

The oceanfront home traded for $1,482 psf

1357 North Ocean Boulevard Inset: Robert Lawson Craft (credit: Getty Images)
1357 North Ocean Boulevard Inset: Robert Lawson Craft (credit: Getty Images)

Actress and singer Alva Craft, formally known as Alva Celauro Minoff, just sold her waterfront Gulf Stream home for $9 million, property records show.

Alva is the widow of the late conductor Robert Lawson Craft, who worked closely with esteemed Russian-born composer Igor Stravinsky. He passed away in 2015. Records show the couple purchased the home in 1995 for $1.4 million.

The 6,077-square-foot oceanfront house at 1357 North Ocean Boulevard traded for $1,482 per square foot.

Husband and wife Paul and Nancy Zarcadoolas are the buyers. Records show Paul Zarcadoolas owns a waterfront mansion at 97 Island Drive South in Ocean Ridge, which he recently listed for $10.5 million, according to Paul Zarcadoolas is the founder of Budget Insurance, and his wife Nancy is involved in multiple local foundations, including the Magnolia Society at Bethesda Hospital in Boynton Beach.

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Their new Gulf Stream property, built in 1996, is smaller than their current home but still offers ocean views. Records shows it sits on a third of an acre and features 100 square feet of ocean frontage. The home comes with marble floors, high coffered ceilings, a fireplace and a 54-foot pool.

Home sales are increasing slightly in Palm Beach County. Residential sales were up 2 percent in June, year-over-year, to 3,085 closings, according to the Realtors of the Palm Beaches and Greater Fort Lauderdale. Single-family home sales increased 1.8 percent to 1,855.

In May, developer Robert G. Fessler bought a Gulf Stream oceanfront estate for $7.6 million, with plans to renovate and flip it. Earlier this month, a Palm Beach home sold for $10.6 million to Robert Buford, president of the Chicago-based investment management company Planned Realty Group.