Entity tied to Liechtenstein firm buys waterfront Palm Beach home

8,450 sf home sold for $20.5M or about $2,430 psf

TRD MIAMI /
Nov.November 16, 2017 03:00 PM

460 Worth Avenue in Palm Beach (Credit: Google Maps)

Immohome AG, a company tied to Liechtenstein-based OEHRI Trust and Management Company, just bought a waterfront Palm Beach home for $20.5 million, property records show.

Karl Heinz and Marianne Andresen, a couple from Hamburg, Germany, sold the 8,450-square foot house at 460 Worth Avenue for about $2,430 per square foot. Karl Heinz is the founder of Karlheinz Andresen Land Administration GmbH & Co, a Hamburg, Germany based property management firm.

Records show the couple bought the home fully furnished from Stephen E. Myers Sr., co-founder and chairman of US Cable Group, in 2009 for $19.9 million plus the price of furniture.

The two-story house, built in 1991, sits on a third-of-an-acre lot at the intersection of South Lake Drive and Worth Avenue, near Everglades Golf Course. Features include a boat dock, pool, patio, elevator and boat lift.

Waterfront homes in Palm Beach tend to sell at pricing stretching into the multimillions. Earlier this month businessman Edward Watkins and his wife listed their Palm Beach waterfront mansion for $105 million.


Related Articles

arrow_forward_ios
135 El Vedado Road (Compass)

TF Cornerstone affiliate pays $12M for Palm Beach mansion

TF Cornerstone affiliate pays $12M for Palm Beach mansion
Doug and Karin Waggoner with the property at 137 Woodbridge Road (Credit: Google Maps and Southern Methodist University)

Former BlackRock exec pays $9M for Palm Beach house with Mar-a-Lago membership included

Former BlackRock exec pays $9M for Palm Beach house with Mar-a-Lago membership included
South Florida Resi Contracts Up in July (Credit: iStock)

South Florida resi contracts continued to rise in July

South Florida resi contracts continued to rise in July
350 Indian Road and (inset) Frank H. Kenan (Realtor, Kenan Institute)

Scion of Kenan family sells Palm Beach mansion for $8M

Scion of Kenan family sells Palm Beach mansion for $8M
113 Clarke Avenue, Peter J. Wood, Edwin Lin (Realtor.com)

Citadel hedge fund exec buys Palm Beach home for $10M

Citadel hedge fund exec buys Palm Beach home for $10M
Schuyler Tilney and 222 Ridgeview Drive (Linkedin, Sotheby's)

Got the power: Energy investor and former Enron exec pay $7M for Palm Beach house

Got the power: Energy investor and former Enron exec pay $7M for Palm Beach house
1744 South Ocean Boulevard (Credit: Google Maps and iStock)

Oceanfront Palm Beach estate trades for $51M

Oceanfront Palm Beach estate trades for $51M
Rendering of 259 Pendleton Ave. with Jonathan Fryd, Todd Glaser and Scott Robins (Glaser by Mary Beth Koeth)

Todd Glaser, partners buy Palm Beach lot to build spec home

Todd Glaser, partners buy Palm Beach lot to build spec home
arrow_forward_ios

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

Loading...