NY private equity firm founder buys Palm Beach home

Brent Nicklas of Lexington Partners paid $7.8M for the house

TRD MIAMI /
Oct.October 06, 2017 01:30 PM

200 Eden Road Inset: Brent Nicklas (Credit: LinkedIn)

Brent Nicklas, founder of the New York-based private equity firm Lexington Partners, and his wife Laura Pozvolska Nicklas just dropped $7.8 million for a house in Palm Beach, property records show.

The couple bought the 5,760-square-foot home at 200 Eden Road for about $1,360 per square foot. Brent Nicklas’ Lexington Partners is an independent manager of secondary private equity and co-investment funds. It manages about $38 billion worth of capital, according to its website.

Records show the sellers, spinal surgeon John R. Johnson and his wife, Ingrid, bought the home for $6.1 million in 2014, after it was built on speculation.

It hit the market with listing agent Carole Hogan of Brown Harris Stevens for $8.75 million in March, meaning it traded at a 10 percent discount. Guy Buzzelli of Scott Gordon Realty Associates represented the buyers, according to the Palm Beach Daily News.

The two-story house sits on the corner lot at North Ocean Boulevard, near the Palm Beach Country Club. Features include a living room with a fireplace, dark wood floors, a library, a three-car garage, outdoor loggias with a summer kitchen, a pool and deeded beach access.

Last week, real estate developer Francesco Galesi paid $6.5 million for a Palm Beach home that sits on the corner of the Everglades Club golf course.


Related Articles

arrow_forward_ios
Tad Smith and 250 Indian Road (Courtesy of Sotheby's, Realtor)

Former Sotheby’s CEO buys Palm Beach home for $8M

Former Sotheby’s CEO buys Palm Beach home for $8M
Joseph McMillan, CEO of DDG, and Kerry Warwick with 3550 South Ocean

Corcoran takes over sales of 3550 South Ocean

Corcoran takes over sales of 3550 South Ocean
1556 North Ocean Boulevard (Credit: Google Maps)

Wife of South Florida builder sells Palm Beach spec home for $7M

Wife of South Florida builder sells Palm Beach spec home for $7M
Yongmee Michele Kang and 101 Worth Avenue in Palm Beach

Venture capital firm founder buys Palm Beach condo for $6M

Venture capital firm founder buys Palm Beach condo for $6M
Neil Bluhm with 215 Brazilian Avenue (Credit: CLINT SPAULDING/Patrick McMullan via Getty Images)

Billionaire real estate, casino magnate Neil Bluhm buys Palm Beach townhouse

Billionaire real estate, casino magnate Neil Bluhm buys Palm Beach townhouse
225 Arabian Road & E. Llwyd Ecclestone III (Realtor, Linkedin)

Homebuilder sells Palm Beach spec house for $6M

Homebuilder sells Palm Beach spec house for $6M
980 South Ocean Boulevard & Jane Holzer (Credit: Google Maps. and Jared Siskin/Patrick McMullan via Getty Images)

Family of Warhol muse Jane Holzer buys Palm Beach home for $8M

Family of Warhol muse Jane Holzer buys Palm Beach home for $8M
Christopher Sinclair and 309 Dunbar Road, Palm Beach (Wikipedia, Realtor)

Child’s play: Former Mattel CEO pays $10M for Palm Beach house

Child’s play: Former Mattel CEO pays $10M for Palm Beach house
arrow_forward_ios

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

Loading...