Former Georgia gubernatorial candidate buys waterfront Palm Beach condo

Guy Millner is also an insurance magnate

May.May 16, 2019 03:00 PM
400 Ocean Palm Beach and Guy Millner (Credit: Getty Images)

400 Ocean Palm Beach and Guy Millner (Credit: Getty Images)

Former two-time Georgia gubernatorial candidate Guy Millner bought a waterfront condo in Palm Beach for $5 million.

Millner bought the 3,432-square-foot condo, unit 413-E, at 400 South Ocean Boulevard for $1,456 per square foot, records show. Millner bought the unit from Nancy Brougher of York, Pennsylvania.

Brougher had paid $225,000 for the condo in 1998, records show. The unit has four bedrooms and five bathrooms.

The building known as the 400 Building was constructed in 1965 by Edward Durall Stone and has 64 units. Amenities include a rooftop pool overlooking the ocean.

Millner ran to be Georgia’s Republican gubernatorial candidate in 1994 and 1998 but lost both races. He also lost a bid for a U.S. Senate seat in 1996. He had come close to winning the 1994 governor’s race, with 48 percent of the vote against incumbent Governor Zell Miller.

Millner is CEO and chairman of Atlanta-based insurance company AssuranceAmerica Corp. In 1961, Millner founded Norrell Corp., a temporary staffing company that had $1.4 billion in revenue in 1999 when it was sold to Interim Services for $650 million.

In 2012, Millner and his wife “Ginny” sold a 8,665-square-foot home at 631 Island Drive on Everglades Island in Palm Beach for $7.9 million, records show.

Next door to the 400 building, Chicago developer James Loewenberg sold a 2,500-square-foot waterfront condo at 360 South Ocean Boulevard for $7.8 million.

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