Ex-Apple CEO John Sculley sells Palm Beach home

Trust tied to developer John Flynn bought the house

Miami /
Apr.April 25, 2018 02:30 PM

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.


Related Articles

arrow_forward_ios
Q2’s largest retail transaction: Regal Acquisitions’ $34 purchase of CVS-anchored retail at Boulan South Beach hotel (Google Maps)
South Florida’s retail market slowly emerges from pandemic woes in Q2
South Florida’s retail market slowly emerges from pandemic woes in Q2
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Thomas Iovino and the Palm Beach property (Iovino via LinkedIn, Brown Harris Stevens via Realtor)
Construction chief buys flipped Palm Beach spec mansion for $18M
Construction chief buys flipped Palm Beach spec mansion for $18M
Tommy Hilfiger and his wife Dee Ocleppo Hilfiger with the Palm Beach location (Google Maps, Getty)
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
Todd Michael Glaser with 10 Tarpon Isle (Todd Michael Glaser)
Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
Moving on up: Wealth manager upgrades to $15M Palm Beach home
Moving on up: Wealth manager upgrades to $15M Palm Beach home
Moving on up: Wealth manager upgrades to $15M Palm Beach home
David Salomon and 229 Ridgeview Drive, Palm Beach (Google Maps)
Wealth manager sells Palm Beach house for $9M
Wealth manager sells Palm Beach house for $9M
arrow_forward_ios

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

Loading...