Hedge funder pays $8.75M for contemporary home in Palm Beach

The 5,265 sf house traded for about $1,662 psf

Miami /
Sep.September 01, 2017 09:45 AM

Dan Floersheimer, president of Greenwich, Connecticut-based hedge fund and private equity firm Augmentum Advisors, just paid $8.75 million for a Palm Beach home, property records show.

The 5,265-square-foot, contemporary home at 125 Chateaux Drive traded for about $1,662 per square foot. The hedge funder bought the home through a trust in his name.

Records show art collector couple Marvin and Baylie Rosenberg sold the house. Baylie, an agent with One Sotheby’s International Realty, had the listing – along with One Sotheby’s International Realty’s Cristina Condon.

The home first hit the market in 2015 and was listed for as high as $13.95 million, Condon said. The home, built in 1981, was on and off the market for about two years.

The six-bedroom, six-bathroom and two-half-bathroom home features a newly built kitchen, Italian marble floors, floor-to-ceiling windows and a three-car garage. Outdoor features include a tennis court, a cobalt blue-tiled swimming pool with a heated Jacuzzi and deeded beach access.

The home was designed by New Jersey architect Milton Klein. Klein also designed a nearby contemporary mansion at 900 North Lake Way, which sold for $25.5 million in May 2016, one of the top South Florida home sales in 2016.

Floersheimer joins a number of billionaires and multimillionaires who live in the tony town of Palm Beach, including fashion designer Tommy Hilfiger, billionaire real estate investor Frank McCourt and billionaire hedge funder Ken Griffin.


Related Articles

arrow_forward_ios
Donald Trump, Eric Trump and Donald Trump Jr with 1125 South Ocean Boulevard (Premier Estate Properties, Getty)
Trump’s Palm Beach estate listed for rent asking $208K a month
Trump’s Palm Beach estate listed for rent asking $208K a month
Another auto dealership magnate rolls into Palm Beach to buy a house for $19M
Another auto dealership magnate rolls into Palm Beach to buy a house for $19M
Another auto dealership magnate rolls into Palm Beach to buy a house for $19M
184 Sunset Avenue in Palm Beach with Benchmark's Jordan Vogel and Aaron Feldman (Apartments, LinkedIn, Getty)
Benchmark drops $17M for historic Palm Beach apartment building
Benchmark drops $17M for historic Palm Beach apartment building
Todd Michael Glaser; 1320 North Lake Way and 576 Island Drive (Todd Michael Glaser, Realtor, iStock)
Todd Glaser, partners flip two waterfront Palm Beach estates for $70M
Todd Glaser, partners flip two waterfront Palm Beach estates for $70M
The property at 102 Jungle Road with Ivana Trump and Tomas Maier (Google Maps, Getty, Wikipedia)
Ivana Trump’s former Palm Beach mansion sells for $73M
Ivana Trump’s former Palm Beach mansion sells for $73M
Todd Michael Glaser
Watch: Todd Michael Glaser on developing dream homes for billionaires
Watch: Todd Michael Glaser on developing dream homes for billionaires
Douglas Elliman's Scott Gordon with 2770 South Ocean Boulevard (Douglas Elliman, Google Maps)
Auto dealership magnate Terry Taylor buys oceanfront Palm Beach condo
Auto dealership magnate Terry Taylor buys oceanfront Palm Beach condo
151 Chilean Avenue in Palm Beach (Realtor.com, iStock)
Billionaire bows out: David “Duke” Reyes, wife, sell Palm Beach home for $21M
Billionaire bows out: David “Duke” Reyes, wife, sell Palm Beach home for $21M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...