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Seven-bedroom waterfront house in Palm Beach sells for $23.8 million

The house on Everglades Island was a showcase for the art collection of the late Steven Ames and his wife, Ann
October 29, 2017 03:00PM

735 Island Drive on Everglades Island in Palm Beach

A buyer paid $23.8 million for a house on Everglades Island in Palm Beach that served as a showcase for art collected by the late Steven Ames and his wife, Ann.

The sale price was $4.2 million below the asking price for the house.

The identity of the buyer of the waterfront house was unavailable in initial information about the transaction that the Palm Beach County Clerk posted Friday on its website.

Steven Ames, who was a partner of investment firm Oppenheimer & Co., died in March 2016. Art collected by Ames and his wife sold for $122.8 million at a Sotheby’s auction a year ago.

The couple bought their Everglades Island property at 735 Island Drive for $6 million in 2003, tore down the existing house there and finished building their custom-designed, Georgian-style house in 2008.

The seven-bedroom house has a three-car garage, 190 feet of frontage along the Intracoastal Waterway and 11,775 square feet of living space indoors and in its lakeside loggias.

The house had been listed for sale for more than 18 months with an asking price of $28 million. Sotheby’s International Realty agents Mary Boykin and Crissy Poorman had the listing.

Broker Linda Gary represented the unidentified buyer. [Palm Beach Daily News]Mike Seemuth