Waterfront Palm Beach lots sell for combined $30M

Spec home developer Pat Carney bought one property

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

Nirka Burns Padilla and Martin Conroy 

Movers & Shakers: Palm Beach broker leaves William Raveis for Douglas Elliman & more

Mark Wilf, and 310 Atlantic Avenue (Credit: Getty Images and Realtor)

Co-owner of Minnesota Vikings sells Palm Beach townhome

Roger Hertog and The Bristol in West Palm Beach (Credit: Getty Images)

Investment honcho pays $14M for condo at The Bristol

225 Indian Road

10th most expensive home sale of the year closes in Palm Beach

Miami (Credit: iStock)

These were the top residential sales in South Florida in 2019

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

1415 South Ocean Boulevard and Steve Schonfeld (Credit: Google Maps and Getty Images)

Hedge funder, wife drop $105M for Palm Beach estate

From left: Howard Stern, President Trump, Sydell Miller, and Ken Griffin, with the island of Palm Beach (Credit: Getty Images and iStock)

Here’s how much President Trump’s Mar-a-Lago pays in property taxes