Who owns this North Palm Beach river? Homeowners fight back against developer

Miami /
Apr.April 11, 2019 05:30 PM

The Earman River (Credit: Paradise Real Estate International)

A group of owners of properties along a river in North Palm Beach are fighting back against a company’s claim that it owns the submerged land behind their properties.

For more than 20 years, dozens of owners have received demands from North Palm Beach Properties Inc., which wants to sell off the Earman River it says it has owned since it began building homes there in the 1950s. But the family behind the company has ramped up its efforts to sell the land, demanding $40,000 or more from owners of the waterfront properties, with the threat of selling to “somebody who would have maybe … a more devious look at what they want to do,″ according to a Palm Beach Post investigation.

The submerged land borders about 100 parcels with homes, condos, retail and marinas, many of which have docks, the Palm Beach Post reported.

A group of owners on Ibis Way are engaging in a costly legal fight with the company, which is now controlled by founder John “Jack” Schwencke’s son, Kim Schwencke. Kim and his older sister told the newspaper that in addition to not wanting to deal with the liabilities that come with owning the land, they recently “made a conscious decision to divest North Palm Beach Properties’ assets so as to not leave this legacy to our children who have no knowledge of the history of North Palm Beach Properties.″

Since 2017, the company has been named in five lawsuits involving the submerged land, none of which have been ruled on by a judge. The Ibis Way neighbors, who sued in September, are now hoping to defend their rights to access their backyard docks.

North Palm Beach was developed as a boating community. To us, this is about our right to enjoy the waterway that we were led to believe we were buying,″ said lawyer and resident Ron Lantz. [Palm Beach Post]Katherine Kallergis


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
20200 West Dixie Highway, Miami with Harry Dornbusch and Dr. Joshua Lampert (Google Maps)

Aventura office condo owners allege construction defects at Beacon Tower

Aventura office condo owners allege construction defects at Beacon Tower
Triton Center (iStock)

Questions surround $50M in EB-5 investments tied to former INS building: lawsuit

Questions surround $50M in EB-5 investments tied to former INS building: lawsuit
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
arrow_forward_ios

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

Loading...