Lake-to-ocean estate in Palm Beach sells for $22.43M

Miami /
May.May 19, 2018 01:30 PM

1616 South Ocean Boulevard in Palm Beach

An oceanfront estate in Palm Beach about a mile south of President Trump’s Mar-a-Lago resort sold for $22.43 million.

Ashley McIntosh, an agent of Douglas Elliman Real Estate, represented an unidentified family that bought the property at 1616 South Ocean Boulevard.

The family used an entity based in Lake Wales to buy the 11-bedroom estate, which has 18,866 square feet of indoor and outdoor living space.

The sellers of the property are Luciana Vittoria and her husband Joseph V. Vittoria, former chairman and chief executive officer of rental car company Avis Inc.

Property records show Luciana Vittoria bought the estate in 1996 for $5.75 million.

The estate was built in 1973 with a main house and guest house on approximately two acres with 151 feet of frontage on the ocean and 155 feet of lakefront.

According to the property’s listing, it is one of only 25 estates in Palm Beach with water views to the east and west.

In late March, two agents of brokerage firm Brown Harris Stevens, Gregory K. Weadock and Carole Hogan, co-listed the estate with a $27 million asking price, and by late April, the estate was under contract. [Palm Beach Daily News] – Mike Seemuth


Related Articles

arrow_forward_ios
Shahla and Hushang Ansary with Sun and Surf One Hundred building in Palm Beach (Getty, Google Maps)

Billionaire’s wife pays $14M for Palm Beach penthouse and cabana

Billionaire’s wife pays $14M for Palm Beach penthouse and cabana
Widow of late San Francisco Giants owner buys Palm Beach home

Widow of late San Francisco Giants owner buys Palm Beach home

Widow of late San Francisco Giants owner buys Palm Beach home
8 Windsor Court and Jonathan Sack (Google Maps)

Attorney buys Palm Beach mansion for $13M

Attorney buys Palm Beach mansion for $13M
Lawrence Kaplan and Bart Halpern with 2299 Ibis Isle Road East, Palm Beach (Getty, Corcoran) 

Textile designer pays $7M for waterfront Palm Beach home

Textile designer pays $7M for waterfront Palm Beach home
Scott and Kimberly Goodwin and 232 Bahama Lane, Palm Beach (Patrick McMullan/Getty, Corcoran)

Hedge funder buys Palm Beach spec home for nearly $6M

Hedge funder buys Palm Beach spec home for nearly $6M
249 Seabreeze Ave, Palm Beach

Driving away: Taxi magnate sells Palm Beach home for $6M

Driving away: Taxi magnate sells Palm Beach home for $6M
South Florida’s residential markets bounced back in the third quarter

South Florida’s residential sales rise in Q3, led by surge in Palm Beach County

South Florida’s residential sales rise in Q3, led by surge in Palm Beach County
Caryn Zucker and 167 Seabreeze Ave (Credit: Google Maps)

This just in: CNN chief’s ex-wife pays $8M for Palm Beach home

This just in: CNN chief’s ex-wife pays $8M for Palm Beach home
arrow_forward_ios

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

Loading...