Hedge funder set to buy Sydell Miller’s Palm Beach estate for $200M

The sale would beat the price of the estate of the late Terry Allen Kramer, which sold for $110M in June

TRD MIAMI /
Oct.October 25, 2019 02:30 PM
Steven Schonfeld and 1415 South Ocean Boulevard (Credit: Google Maps)

Steven Schonfeld and 1415 South Ocean Boulevard (Credit: Google Maps)

Hedge funder Steven Schonfeld is reportedly under contract to buy Sydell Miller’s Palm Beach oceanfront estate for close to $200 million, breaking the record for the most expensive home sale in the ritzy enclave.

The 4.3-acre property at 1415 South Ocean Boulevard has 10 bedrooms, nearly 35,000 square feet under air, 350 feet of oceanfront and about 230 feet of water frontage on the Intracoastal Waterway, according to the New York Post.

Steven Schonfeld runs the hedge fund Schonfeld Strategic Advisors. According to Forbes, he made $130 million in 2018.

In July, the property reportedly went under contract, but no buyer or price was disclosed.

Lawrence Moens of Lawrence A. Moens Associates and Christian Angle of Christian Angle Real Estate are the brokers, according to the Palm Beach Daily News. If the sale goes through, it will mark another prominent deal for Moens, the secretive Palm Beach broker whose name is often tied to the biggest residential sales in the island town.

The sale would beat the price of the estate of the late Terry Allen Kramer, a Broadway producer who died earlier this year. Her estate sold the mansion at 1295 South Ocean Boulevard in June for more than $110 million, a price that includes agent commissions.

That deal surpassed a previous record of $95 million when now-President Trump sold the estate at 515 North County Road to Russian billionaire Dmitry Rybolovlev in 2008. Rybolovlev split the lot into three and has since sold them off. [New York Post] — Keith Larsen


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