Fund manager’s wife buys Boca Raton mansion for $13M

The property sold for $1,467 psf

TRD MIAMI /
Nov.November 18, 2019 01:30 PM
249 West Alexander Palm Road and Kimberly Vassalluzzo

249 West Alexander Palm Road and Kimberly Vassalluzzo (Credit: Realtor)

The wife of an investment manager bought a waterfront Boca Raton mansion for $13 million, adding to the list of pricey sales this year at the Royal Palm Yacht and Country Club.

Kimberly Vassalluzzo purchased the 8,862-square-foot canalfront estate at 249 West Alexander Palm Road for $1,467 per square foot, records show. The home was built last year and sits on 0.34 acres in Royal Palm Yacht and Country Club.

Mikhail Avrutin, who is the owner and developer of Baltic Hotel Group, sold the property.

The house has six bedrooms and 10 bathrooms. The seller and the buyer were represented by David W. Roberts with Royal Palm Properties, according to Realtor.com.

Vassalluzzo’s husband, Scott J.Vassalluzzo, is the managing member of the Boca Raton-based investment firm Prescott General Partners. The firm has $2.5 billion in assets under management, according to a Securities and Exchange Commission filing.

The Royal Palm Yacht and Country Club has seen a number of big sales recently. Richard Templer, the owner of a professional horse racing stable, and his wife Diane Templer last month purchased a waterfront home at 190 Northeast 5th Avenue for $12.2 million.

Also last month, Robert Sheetz, the founder of the Sheetz convenience store and gas station chain, sold a waterfront estate at 133 West Coconut Palm Road in the Royal Palm Yacht & Country Club for $11.45 million.

In September, a group of executives tied to a West Palm Beach transportation company bought a 9,203-square-foot house at 300 East Key Palm Road for $12.1 million.


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