Former magazine publisher and the wife of the late prominent Boston restaurateur Charlie Sarkis bought a non-waterfront Palm Beach estate for $7.4 million.
The trust of Jolene Sarkis purchased the 4,565-square-foot estate at 171 Dunbar Road for $1,621 per square foot, records show.
Frank Sciame Jr. of Sciame Development sold the five-bedroom, seven-bathroom home. Sciame completed an extensive renovation of the estate after buying it in 2016 for $3.8 million, records show. The Palm Beach home was originally built in 1954.
Charlie Sarkis, who died in 2018, owned the restaurant chains Papa Razzi, J.C. Hillary’s and Joe’s American Bar & Grill as well as Abe & Louie’s, a popular Boston steakhouse. He also owned the Wonderland Greyhound Park in Revere. Jolene was the former president and publisher of Fortune, according to the Boston Globe.
The seller founded New York City-based Sciame Construction in 1975, which later became one of the largest construction management companies in New York. He oversaw the addition to the Morgan Library and Museum as well as the restoration of Historic Front Street, Central Synagogue Restoration and the Harvard Club of New York City, according to the company’s website.
Palm Beach is home to a number of wealthy residents. In December, Tom Elghanayan and his wife Madeline Hult Elghanayan paid $8.1 million for the nearby home at 235 Dunbar Road. The Elghanayan family is worth more than $2 billion as of 2015, according to Forbes.