Insurance mogul sells Palm Beach estate for $8M

Irvin Saltzman and his wife sold the 5,610 sf house for $1,354 psf

Nov.November 06, 2019 08:45 AM
225 Seabreeze Avenue (Realtor)

225 Seabreeze Avenue (Realtor)

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

Todd Glaser and the home

Todd Glaser venture sells Palm Beach spec home for $9M

134 El Vedado Road (Credit: iStock)

Developer sells Palm Beach estate for $14M

800 South County Road (Credit: Realtor)

Mizner estate in Palm Beach sells for $24M

Nirka Burns Padilla and Martin Conroy 

Movers & Shakers: Palm Beach broker leaves William Raveis for Douglas Elliman & more

Mark Wilf, and 310 Atlantic Avenue (Credit: Getty Images and Realtor)

Co-owner of Minnesota Vikings sells Palm Beach townhome

Roger Hertog and The Bristol in West Palm Beach (Credit: Getty Images)

Investment honcho pays $14M for condo at The Bristol

225 Indian Road

10th most expensive home sale of the year closes in Palm Beach

Miami (Credit: iStock)

These were the top residential sales in South Florida in 2019