Waterfront Palm Beach lots sell for combined $30M

Spec home developer Pat Carney bought one property

Miami /
Dec.December 07, 2017 04:00 PM

901 N Ocean Blvd (Credit: Redfin)

The owners of a waterfront lot in Palm Beach split their property in half and sold both parcels for a combined $30 million, records show.

A 2.3-acre oceanfront lot on North Ocean Boulevard that once held an 18,200-square-foot mansion was sliced in half and sold for an even $14.57 million each, according to the Palm Beach Daily News. Spec home developer Pat Carney bought the northern lot at 905 North Ocean Boulevard, and PBB Island Property LLC bought that southern lot at 901 North Ocean Boulevard.

Carney, CEO of Claremont, has said he plans to build a spec home on the property. In 2015, he sold the spec home at 390 North Lake Way for $31 million. 

Clark Beaty proposed to develop a house on the second lot on North Ocean Boulevard, according to the newspaper.

The sellers, Frederick Friedman, Roger Berkowitz and Rhonda Berkowitz, are listed as trustees of the Lorraine L. Friedman Revocable Trust. Records show the late philanthropists Jack N. Friedman and Lorraine Friedman bought the house in 1994 for $5.5 million. The property was put on the market for $38 million in 2012, and was listed as high as $41.9 million.

Corcoran Group’s Jim McCann represented the sellers. Claremont represented the buyers. [Palm Beach Daily News] – Amanda Rabines 


Related Articles

arrow_forward_ios
Jimmy Buffett and 309 Garden Road (Getty, Denise A. Hanley)

Selling paradise: Jimmy Buffett gets $7M for Palm Beach home

Selling paradise: Jimmy Buffett gets $7M for Palm Beach home
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Shahla and Hushang Ansary with Sun and Surf One Hundred building in Palm Beach (Getty, Google Maps)

Billionaire’s wife pays $14M for Palm Beach penthouse and cabana

Billionaire’s wife pays $14M for Palm Beach penthouse and cabana
Widow of late San Francisco Giants owner buys Palm Beach home

Widow of late San Francisco Giants owner buys Palm Beach home

Widow of late San Francisco Giants owner buys Palm Beach home
8 Windsor Court and Jonathan Sack (Google Maps)

Attorney buys Palm Beach mansion for $13M

Attorney buys Palm Beach mansion for $13M
Lawrence Kaplan and Bart Halpern with 2299 Ibis Isle Road East, Palm Beach (Getty, Corcoran) 

Textile designer pays $7M for waterfront Palm Beach home

Textile designer pays $7M for waterfront Palm Beach home
Scott and Kimberly Goodwin and 232 Bahama Lane, Palm Beach (Patrick McMullan/Getty, Corcoran)

Hedge funder buys Palm Beach spec home for nearly $6M

Hedge funder buys Palm Beach spec home for nearly $6M
249 Seabreeze Ave, Palm Beach

Driving away: Taxi magnate sells Palm Beach home for $6M

Driving away: Taxi magnate sells Palm Beach home for $6M
arrow_forward_ios

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

Loading...