Insurance mogul sells Palm Beach estate for $8M

Miami /
Nov.November 06, 2019 08:45 AM

Insurance mogul Irvin Saltzman and his wife Robin sold their Palm Beach estate for $7.6 million.

Saltzman sold the 5,610-square-foot house at 225 Seabreeze Avenue for $1,354 per square foot, records show. Robert Berg of Key Largo purchased the property.

The house is in the center of the tony island town. The Mediterranean two-story house has four bedrooms and five-and-a-half bathrooms. It sits on a 0.4-acre lot and was built in 2008 by Paul Wittmann of Wittmann builders.

Saltzman purchased the house for $6.3 million in 2014, records show.

Trina Lane of Waterfront Property & Club Community represented the seller in the deal. The buyer was represented by Samantha Curry of Douglas Elliman.

Saltzman founded Penn-America Group in 1975. It works with small businesses that have limited access to larger standard lines insurers and are seeking insurance in the excess and surplus lines markets, according to its website.

The ultra-high-end residential market in Palm Beach boomed over the summer, during what is typically the off-season. Fourteen single-family homes totaling more than $343 million in sales volume closed in July, according to MLS and Palm Beach County data compiled by Premier Estate Properties.

Hedge funder Steven Schonfeld is reportedly under contract to purchase 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.


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
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
South Florida’s residential markets bounced back in the third quarter

South Florida’s residential sales rise in Q3, led by surge in Palm Beach County

South Florida’s residential sales rise in Q3, led by surge in Palm Beach County
Caryn Zucker and 167 Seabreeze Ave (Credit: Google Maps)

This just in: CNN chief’s ex-wife pays $8M for Palm Beach home

This just in: CNN chief’s ex-wife pays $8M for Palm Beach home
arrow_forward_ios

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

Loading...