Former Apple CEO John Sculley drops $15M on Palm Beach home

NY tech-focused hedge funder David Fiszel is the seller

Jan.January 25, 2018 04:30 PM

1214 North Ocean Boulevard and John Sculley (Credit: Douglas Elliman and Wikipedia)

John Sculley, who formerly headed Apple and Pepsi-Cola, just bought a new oceanfront pad in Palm Beach.

Property records show Sculley and his wife Diane dropped $14.925 million for a 6,470-square-foot home at 1214 North Ocean Boulevard. The trade breaks down to a little more than $2,300 per square foot.

New York tech-focused hedge funder David Fiszel and his wife Sarah sold the home, records show. Fiszel launched the asset management company Honeycomb last year. It now has more than $500 million under management and holds a stake in music streaming company Spotify.

Records show the Fiszels spent $5.8 million on the nearly half-acre property in 2013. The couple tore down the house soon after, listing agent Payton Smith of Douglas Elliman said.

The house was completed in 2015 and features home automation and AV technology throughout, including wireless speakers and integrated lighting systems.

The five-bedroom, six-bathroom home hit the market in November for $14.95 million – meaning the house only traded for $25,000 less than its original asking price. Paula Wittmann of the Fite Group Luxury Homes brought the buyers.

Sculley, who famously bashed heads with Apple founder Steve Jobs in the late 1980s and early 1990s, now invests in a number of high-tech start-up companies, including 3CInteractive and XL Marketing. Records show his wife Diane owns another house in Palm Beach at 127 Reef Road.

Sculley joins a number of tech entrepreneurs to call Palm Beach home, like Daniel Borislow, the inventor of MagicJack, and James Clark, who co-founded of Netscape and other Silicon Valley companies. Clark’s Palm Beach home is on the market for $95 million. It initially hit the market in 2016 for $137 million.

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