Former senior CIA official pays $9.6M for Palm Beach estate

Estate of late Florida judge sold the non-waterfront house for $1,000 psf

Miami /
May.May 02, 2018 05:30 PM

Alvin “Buzzy” Krongard and 226 Via Las Brisas

A former executive director of the CIA just paid $9.6 million for a home in Palm Beach, property records show.

Alvin “Buzzy” Krongard, who was the third-ranking official with the CIA from 2001 to 2004, purchased the seven-bedroom, eight-bathroom home from the estate of the late former Florida judge Lewis M. Schott for more than $1,000 per square foot.

Schott paid $1 million for the non-waterfront property in 1995.

The 12,800-square-foot estate at 226 Via Las Brisas is in the gated community Phipps Estates. It has an exercise room, a library, chef’s kitchen, pool, wet bar and a guest house. It was listed by Brown Harris Stevens of Palm Beach’s Maureen Woodward.

After Krongard left the CIA, he was a senior adviser with Blackwater, a private security contractor based in North Carolina that came under scrutiny over its involvement in the Iraq War. Krongard, a former attorney, was a top official at the CIA when the organization became engulfed in controversy for its interrogation techniques.

Palm Beach recently ranked among the top 20 wealthiest zip codes in the country with an average annual income of $1.25 million.


Related Articles

arrow_forward_ios
232 Bahama Lane in Palm Beach, Jeffrey A. & Erica R. Keswin (middle) and Scott Goodwin & Kimberly Goodwin (right) (Photos via Compass, Facebook, Getty, Lyrical AM)
Hedge funders galore: One flips Palm Beach home to another for $7M
Hedge funders galore: One flips Palm Beach home to another for $7M
Igor Tulchinsky and 12088 Banyan Road (Getty, Douglas Elliman)
Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
Tommy and Dee Olceppo Hilfiger with 313 Dunbar Road (Getty, Google Maps)
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
Cosmetic mogul Adrien Arpel and the Palm Beach home. (Getty, Frankel Ball Realty)
Cosmetic mogul Adrien Arpel sells waterfront Palm Beach home for $25M
Cosmetic mogul Adrien Arpel sells waterfront Palm Beach home for $25M
Late chairman and CEO of Affiliated Managers Group Sean Healey. (AMG, Compass)
Late investment tycoon’s estate sells beachfront manse for $35M
Late investment tycoon’s estate sells beachfront manse for $35M
Nicholas and Caroline Rafferty and 6709 South Flagler Drive, West Palm Beach (Getty/Patrick McMullan, Google Maps)
Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
Janice McNair and 425 Worth Avenue. (Getty, Compass)
Houston Texans’ billionaire owner sells Palm Beach co-op for $5M
Houston Texans’ billionaire owner sells Palm Beach co-op for $5M
arrow_forward_ios

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

Loading...