Private equity boss sells Gulf Stream estate for $14.25M

Waterfront estate sold at a 32% discount

Peter Lampl and 3545 North Ocean Boulevard
Peter Lampl and 3545 North Ocean Boulevard

British millionaire Peter Lampl sold his Gulf Stream estate for a discounted $14.25 million, property records show.

Lampl, a philanthropist and founder of the Sutton Company, a private equity firm in New York City, London and Munich, sold the nearly 2-acre estate at 3545 North Ocean Boulevard to Gulf Stream Ocean Properties FL LLC. The buyer lists a San Francisco address.

Lampl put the 14,000-square-foot, six-bedroom mansion on the market about a year ago for nearly $21 million, and reduced the asking price to $14.95 million in March, according to The property sold at a 32 percent discount off the original ask.

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Nick Malinosky and Randy Ely of Douglas Elliman represented the seller, while Candace Friis of the Corcoran Group brought the buyer.

Records show Lampl’s Sutton Company paid $5.15 million for the waterfront estate in 1997. A notice of commencement filed in 1999 lists Lampl as the true owner. Gregory Young signed the deed transfer of ownership on behalf of Sutton.