Malasky sells Palm Beach spec home for $15.5M

The newly completed waterfront home on Everglades Island sold for about $2,695 per square foot

TRD MIAMI /
Feb.February 04, 2019 03:30 PM

608 Island Drive

Malasky Homes sold a recently completed waterfront spec home in Palm Beach for $15.5 million.

The developer sold the 5,769-square-foot home at 608 Island Drive for about $2,695 per square foot. A trust controlled by the Koeppel Law Group of West Palm Beach bought the home. The true buyer is unknown.

The waterfront property has five bedrooms, six-and-a-half bathrooms and sits right on the Intracoastal Waterway on Everglades Island. It was completed this year.

Malasky bought the site from former Bear Stearns executive Denis P. Coleman and his wife Annabelle G. Coleman in 2016 for $6.49 million, records show.

Before the new spec home was built, the lot housed a 4,449-square-foot home built in 1962.

West Palm Beach-based Malasky Homes is a full-service home building company owned and operated by the Malasky family.

The company recently sold a spec home in Palm Beach to the founders of BuyBuy Baby Richard Feinstein and Jeffrey Feinstein for $21 million.


Related Articles

arrow_forward_ios
350 Indian Road and (inset) Frank H. Kenan (Realtor, Kenan Institute)

Scion of Kenan family sells Palm Beach mansion for $8M

Scion of Kenan family sells Palm Beach mansion for $8M
113 Clarke Avenue, Peter J. Wood, Edwin Lin (Realtor.com)

Citadel hedge fund exec buys Palm Beach home for $10M

Citadel hedge fund exec buys Palm Beach home for $10M
Schuyler Tilney and 222 Ridgeview Drive (Linkedin, Sotheby's)

Got the power: Energy investor and former Enron exec pay $7M for Palm Beach house

Got the power: Energy investor and former Enron exec pay $7M for Palm Beach house
22 Star Island and Stuart Miller

Lennar chairman Stuart Miller sells waterfront Star Island mansion for $50M

Lennar chairman Stuart Miller sells waterfront Star Island mansion for $50M
1744 South Ocean Boulevard (Credit: Google Maps and iStock)

Oceanfront Palm Beach estate trades for $51M

Oceanfront Palm Beach estate trades for $51M
Rendering of 259 Pendleton Ave. with Jonathan Fryd, Todd Glaser and Scott Robins (Glaser by Mary Beth Koeth)

Todd Glaser, partners buy Palm Beach lot to build spec home

Todd Glaser, partners buy Palm Beach lot to build spec home
920 North Lake Way, Jeffrey Marcus of Marcus Cable, and Patrick Ryan of Press Ganey (Credit: Google Maps)

Cable mogul buys waterfront Palm Beach home for $16M

Cable mogul buys waterfront Palm Beach home for $16M
Bon Jovi and 1075 North Ocean Boulevard (Getty, Realtor)

Bon Jovi pays $43M for oceanfront Palm Beach estate

Bon Jovi pays $43M for oceanfront Palm Beach estate
arrow_forward_ios

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

Loading...