Miami Worldcenter co-developer sells Delray manse for $27M

Miami /
Mar.March 19, 2018 08:45 AM

901 South Ocean Boulevard and William Powers (Credit: Redfin and LinkedIn)

Strand Partners hedge-fund manager and Miami Worldcenter co-developer William Powers just sold his mansion in Delray Beach for $26.75 million.

The deal for the two-story, 13,090-square-foot manse at 901 South Ocean Boulevard breaks down to a whopping $2,044 per square foot. The deal has not yet cleared property records. It was first reported by the Palm Beach Post.

Powers paid $19 million for the property in 2015, about a year after it was built. It hit the market with Devin Kay of Douglas Elliman for nearly $29 million in October – meaning it sold for only a seven percent discount off its original asking price. Nicholas Malinosky of Douglas Elliman’s Sports & Entertainment Division represented the buyer, whose identity is unknown.

Kay and Malinosky were not immediately available to comment.

The home has five bedrooms, six-and-a-half bathrooms and an outdoor pool. Marc-Michaels Interior Design and Affiniti Architects designed the house, which was built by Boca Raton-based luxury home developer Mark Timothy.

The 1.1-acre property is right off of South Ocean Boulevard where wealthy investors and entrepreneurs like Richard A. Chaifetz also own properties. Chaifetz paid a record $34 million in Delray Beach for a neighboring mansion at 921 South Ocean Boulevard in 2016. He also recently sold a home in Highland Beach for $8.4 million.

In December, Powers purchased a 2.13-acre waterfront lot in Manalapan $13.5 million. His firm Strand Partners works with Art Falcone’s Encore Capital Management, which is co-developing the $1.2 billion mixed-use Miami Worldcenter project. [Palm Beach Post] – Amanda Rabines


Related Articles

arrow_forward_ios
Mixed-use Delray Beach development on former Office Depot HQ site advances

Mixed-use Delray Beach development on former Office Depot HQ site advances

Mixed-use Delray Beach development on former Office Depot HQ site advances
Kevin Neal, Trinsic Residential’s managing director for South Florida, and a rendering of the project

Trinsic set to build 292-unit apartment complex in Delray Beach

Trinsic set to build 292-unit apartment complex in Delray Beach
Stuart Miller & Mike Nunziata, with a rendering of Avalon Trials (Credit: Lennar Homes)

Lennar spends $28M for lots on former golf course in Delray Beach

Lennar spends $28M for lots on former golf course in Delray Beach
16021 Quiet Vista Circle, Delray Beach (Realtor)

Estate of late developer sells mansion near Delray Beach for discounted $6M

Estate of late developer sells mansion near Delray Beach for discounted $6M
Mark Pulte & 701 South Ocean Boulevard, Delray Beach (Credit: Google Maps)

Mark Pulte’s homebuilding firm buys Delray Beach oceanfront lot for $11M

Mark Pulte’s homebuilding firm buys Delray Beach oceanfront lot for $11M
1275 North Ocean Boulevard, Flex Seal founder Phil Swift (Credit: Daniel Petroni Photography/Douglas Elliman)

Flex Seal founder seals the deal for Gulf Stream mansion

Flex Seal founder seals the deal for Gulf Stream mansion
Lee Kennedy, Bob Bartosiewicz, and 963 Evergreen Drive (Credit: Google Maps)

Seeing dollar signs: Former finance head sells waterfront Delray Beach mansion

Seeing dollar signs: Former finance head sells waterfront Delray Beach mansion
Max Weinberg and Delray Beach (Credit: Sergione Infuso/Corbis via Getty Images)

Born to serve: Springsteen drummer Max Weinberg joins Delray planning and zoning board

Born to serve: Springsteen drummer Max Weinberg joins Delray planning and zoning board
arrow_forward_ios

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

Loading...