Beer baron David “Duke” Reyes spends $12M on Palm Beach home

Powerhouse beer distributor David “Duke” Reyes and his wife Pamela Perri just dropped $11.5 million on a recently built home in Palm Beach, property records show.

Reyes is the CEO of Reyes Beverage Group, the major beer distributing company responsible for doling out brands that include Corona, Molson-Coors, Heineken USA and Miller Brewing Company.

Records show he bought the two-story, 5120-square-foot home at 151 Chilean Avenue from Adrian Tauro, an investment adviser based out of Ontario, Canada. The deal breaks down to about $2,450 per square foot.

Reyes comes from a rich family legacy – his brothers Jude and Christopher Reyes run Reyes Holdings, the exclusive distributor for Coca-Cola in the greater Chicago area and Northwest Indiana and the biggest food distributor for McDonald’s. In 2015, the family netted $8.6 billion, according to Forbes.

Tauro paid $2.8 million for the 12,500-square-foot property in 2014, records show. The four-bedroom, four-bathroom home was built in 2016.

Reyes joins a number of beverage execs to call South Florida home, like Edward M. Brown, the president and CEO of the Patrón Spirits Company, and Stephen Levin, the founder of Gold Coast Beverage Distributor, the latter of which sold to Reyes in 2015. Peter Busch Orthwein, heir of Adolphus Busch , also owns a home in Palm Beach.