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

Reyes heads distribution company for Corona, Coors, Heineken and others

TRD MIAMI /
Jan.January 30, 2018 09:45 AM

151 Chilean Avenue (Credit: Palm Beach County Property Appraiser)

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.


Related Articles

arrow_forward_ios
Tad Smith and 250 Indian Road (Courtesy of Sotheby's, Realtor)

Former Sotheby’s CEO buys Palm Beach home for $8M

Former Sotheby’s CEO buys Palm Beach home for $8M
Joseph McMillan, CEO of DDG, and Kerry Warwick with 3550 South Ocean

Corcoran takes over sales of 3550 South Ocean

Corcoran takes over sales of 3550 South Ocean
1556 North Ocean Boulevard (Credit: Google Maps)

Wife of South Florida builder sells Palm Beach spec home for $7M

Wife of South Florida builder sells Palm Beach spec home for $7M
Yongmee Michele Kang and 101 Worth Avenue in Palm Beach

Venture capital firm founder buys Palm Beach condo for $6M

Venture capital firm founder buys Palm Beach condo for $6M
Neil Bluhm with 215 Brazilian Avenue (Credit: CLINT SPAULDING/Patrick McMullan via Getty Images)

Billionaire real estate, casino magnate Neil Bluhm buys Palm Beach townhouse

Billionaire real estate, casino magnate Neil Bluhm buys Palm Beach townhouse
225 Arabian Road & E. Llwyd Ecclestone III (Realtor, Linkedin)

Homebuilder sells Palm Beach spec house for $6M

Homebuilder sells Palm Beach spec house for $6M
980 South Ocean Boulevard & Jane Holzer (Credit: Google Maps. and Jared Siskin/Patrick McMullan via Getty Images)

Family of Warhol muse Jane Holzer buys Palm Beach home for $8M

Family of Warhol muse Jane Holzer buys Palm Beach home for $8M
Christopher Sinclair and 309 Dunbar Road, Palm Beach (Wikipedia, Realtor)

Child’s play: Former Mattel CEO pays $10M for Palm Beach house

Child’s play: Former Mattel CEO pays $10M for Palm Beach house
arrow_forward_ios

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

Loading...