The Real Deal Miami

Ex-Apple CEO John Sculley sells Palm Beach home

Trust tied to developer John Flynn bought the house
By Katherine Kallergis | April 25, 2018 02:30PM

John Sculley and 127 Reef Road (Credit: Wikimedia Commons)

After upgrading to a nearly $15 million home on North Ocean Boulevard in Palm Beach, former Apple CEO John Sculley and his wife Diane just sold their smaller home less than a mile away.

The Sculleys sold the 4,000-square-foot, two-bedroom house at 127 Reef Road to The Bloomsday Trust, led by trustee Lewis F. Crippen, a real estate attorney at Gunster. The trust is managed by John Flynn of Palm Beach Gardens, state records show. Flynn has built and sold homes in Palm Beach.

The Reef Road house sold for $6 million, or about $1,524 per square foot.

According to property records, Diane Sculley paid $900,000 for the 11,205-square-foot lot in 2010 via an LLC and built a new two-story home in 2015. She had a homestead exemption on the property.

In January, the Sculleys paid about $15 million on the nearly 6,500-square-foot house at 1214 North Ocean Boulevard.

John Sculley, who’s known for ousting Steve Jobs from Apple in 1985, was also president of Pepsi-Cola. A PageSix article from 2015 pegs his net worth at about $200 million.

Flynn’s family owns a private, Dublin-based development company with a portfolio of projects in Ireland and England.