The founder of advertising.com just sold his Ocean Ridge waterfront home for $5.6 million.
John Ferber and his wife Jenna sold their 3,388-square-foot house at 6009 Old Ocean Boulevard for $1,641 per square foot, records show. Eugene Tenenbaum, who owns the property next door, bought the four-bedroom, four-bathroom home.
The Ferbers had paid $5.5 million for the property in 2015. The two-story house was built in 2000, according to Zillow.
Ferber founded advertising.com in the mid 1990’s and sold it to AOL in 2004 for $435 million, according to media reports. He’s worked with a number of startups and advertising companies since then, including Videology, an advertising software company based in New York City.
Ocean Ridge is a small town adjacent to Boynton Beach with a population of about 1,700. In July, the CEO and founder of Freedom Mortgage Corporation Stanley Middleman paid $19.9 million for a waterfront home in Ocean Ridge at 6161 North Ocean Boulevard.