“Undercover Boss” and former Loehmann’s CEO sells Delray Beach-area home
Buyer heads a Boca Raton advertising firm
A former executive and board member of major retail brands like the Gap, Brooks Brothers and Loehmann’s just sold his home near Delray Beach for $7.15 million, property records show.
Steven Newman, who was featured on CBS’ “Undercover Boss” while he was CEO of Loehmann’s, sold the eight-bedroom, nearly 10,000-square-foot mansion at 16091 Quiet Vista Circle to Jason Brown, CEO of Brown Parker & DeMarinis Advertising in Boca Raton, and Michelle Brown.
Newman listed the lakefront Mediterranean-style estate with Laurie Dietz and Maureen Murtaugh of Douglas Elliman earlier this year for about $8.6 million. The 2.5-acre property is in the Stone Creek Ranch neighborhood just west of Mizner Country Club. It features seven bathrooms and two half-baths, a guest house, movie theater, wine cellar, gym, seven-car garage and game room.
The home was built in 2013. The property last sold for $740,000 in 2011, according to records.
Signature International Premier Properties represented the buyer, according to Zillow.
Nearby, Louis G. Piancone, the founder of the Italian food wholesale distributor Roma Foods, paid $6.45 million for the house at 9274 Hawk Shadow Lane in October.