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
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.