Family of Tiger Global Management hedge funder buys Palm Beach home

Artist and socialite Mary Brittain Bardes sold the Everglades Island house

Miami /
Jul.July 03, 2019 12:30 PM
From left: C. Payson Coleman III and Payson Coleman with 555 Island Drive

From left: C. Payson Coleman III and Payson Coleman with 555 Island Drive

UPDATED, July 5, 5:40 p.m.: A trust controlled by two members of the Coleman family paid $17.3 million for a waterfront estate on Palm Beach’s Everglades Island.

Property records show C. Payson Coleman, senior counsel at Pillsbury Winthrop Shaw Pittman, and Avery Coleman Keller, an executive director at Morgan Stanley, control the 555 Island Drive Trust that closed on the home at 555 Island Drive in Palm Beach.

A prominent member of the family is C. Payson Coleman III, the founder of Tiger Global Management, a tech-focused hedge fund, who is worth about $3.1 billion, according to Forbes. Coleman III is the son of C. Payson Coleman and brother of Avery Coleman Keller.

Mary Brittain Bardes, a local artist and socialite, sold the six-bedroom, 7,424-square-foot house.

The Bermuda-style home, with 175 feet of waterfront, a pool, spa, wine room and atrium, was renovated in 2008 by Palm Beach architect Tom Kirchoff, according to the listing.

Crista Ryan of Tina Fanjul Associates and Liza Pulitzer and Whitney McGurk of Brown Harris Stevens had the listing. Pulitzer and McGurk also brought the buyer.

Bardes acquired title to the property in 2003 as Mary Brittain B. Cudlip and transferred ownership to a trust under her name in 2012. Bardes’ father was Charles Cudlip, a lobbyist during the Nixon, Reagan and Bush administrations in Washington, D.C.

Palm Beach has been teeming with high-end home sales over the past week. On Friday, the estate of the late Terry Allen Kramer sold the property at 1295 South Ocean Boulevard in Palm Beach for more than $110 million, including commissions, marking the most expensive single-family home sale ever in Palm Beach County. Days later, Philadelphia attorneys and charter school moguls Vahan and Danielle Gureghian sold their custom-built mansion at 1071 North Ocean Boulevard for more than $40 million.


Related Articles

arrow_forward_ios
Clark Beaty sells oceanfront Palm Beach spec mansion for $64M
Clark Beaty sells oceanfront Palm Beach spec mansion for $64M
Clark Beaty sells oceanfront Palm Beach spec mansion for $64M
Jennifer Hyland joins Corcoran Group in Palm Beach
Jennifer Hyland joins Corcoran Group in Palm Beach
Jennifer Hyland joins Corcoran Group in Palm Beach
InVue CEO James Sankey and the lot at 125 EL Bravo Way (Google Maps)
North Carolina tech honcho buys Palm Beach mansion site for $15M
North Carolina tech honcho buys Palm Beach mansion site for $15M
The five bedroom Palm Beach mansion (Realtor via Douglas Elliman)
SafeCard Services founder sells Palm Beach home for $22M
SafeCard Services founder sells Palm Beach home for $22M
Samantha Curry and Holly Parker (Getty, Parker)
Top Douglas Elliman NY team expands to South Florida
Top Douglas Elliman NY team expands to South Florida
Architect Kobi Karp, Developer Todd Glaser and renderings of the mansion (Glaser, Karp)
Palm Beach board rejects “alien” design of mansion for former Epstein property
Palm Beach board rejects “alien” design of mansion for former Epstein property
Alec Scheiner, former Cleveland Browns president, with 249 Sandpiper Drive in Palm Beach (RedBird Capital, Sotheby's International Realty)
Ex-Cleveland Browns president scores Palm Beach home
Ex-Cleveland Browns president scores Palm Beach home
Q2’s largest retail transaction: Regal Acquisitions’ $34 purchase of CVS-anchored retail at Boulan South Beach hotel (Google Maps)
South Florida’s retail market slowly emerges from pandemic woes in Q2
South Florida’s retail market slowly emerges from pandemic woes in Q2
arrow_forward_ios

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

Loading...