Palm Beach mansion across from Ken Griffin’s assemblage sells for $40M

A Delaware trust purchased the property

TRD MIAMI /
Mar.March 09, 2020 11:30 AM
1296 South Ocean Boulevard (Credit: Google Maps and iStock)

1296 South Ocean Boulevard (Credit: Google Maps and iStock)

Hildegarde Mahoney, a longtime Palm Beach resident and author, sold her waterfront mansion across from billionaire Ken Griffin’s assemblage for $40 million.

Mahoney, known as “Hillie,” lived at the home at 1296 South Ocean Boulevard with her late husband David Mahoney, who died in 2000. David, a businessman, was president of Canada Dry and later Norton Simon, the company that owned Canada Dry, Hunts Food and Industries, and the McCall Corp. In 2016, Hillie published her memoir “Journey Interrupted: A Family Without a Country in a World at War” about her wartime exile in Japan in the 1940s.

Hillie Mahoney transferred ownership of the property to Merrill Mahoney Trust LLC, a Delaware company that was created in early March.

The 12,358-square-foot mansion was developed in 1992 on a 3.2-acre lot. Records show the land last sold in 1988 for $1.7 million. It includes a pool that fronts the Intracoastal Waterway.

The property is across South Ocean Boulevard from Griffin’s assemblage. Griffin, founder and CEO of the Chicago-based Citadel hedge fund, paid $99 million in September for Frank McCourt’s former home at 60 Blossom Way.

Griffin has spent at least $350 million on homes along Blossom Way and nearby on South Ocean Boulevard.

The ultra-luxury home market in Palm Beach has been especially strong over the past year, with two deals closing in 2019 for more than $100 million, each.


Related Articles

arrow_forward_ios
Cody Crowell, Via Flagler at the Breakers

Frisbie exec snags condo at Via Flagler at the Breakers in Palm Beach

Frisbie exec snags condo at Via Flagler at the Breakers in Palm Beach
Steve Schonfeld, Bellaria condominium complex (Credit: Google Maps)

Hedge funder Steven Schonfeld sells Palm Beach condo

Hedge funder Steven Schonfeld sells Palm Beach condo
110 Atlantic Avenue, Scott Schuster (Credit: Google Maps)

Healthcare entrepreneur sells Palm Beach home for $8M

Healthcare entrepreneur sells Palm Beach home for $8M
Peter Brant, Robert S. Taubman, and 1820 South Ocean Boulevard (Credit: Sylvain Gaboury/Patrick McMullan, John Sciulli, via Getty Images, and Google Maps)

Taubman family sells Palm Beach estate to paper mogul for $47M

Taubman family sells Palm Beach estate to paper mogul for $47M
Keith Frankel and 169 Everglades Avenue (Credit: Realtor.com, MidOcean)

Former Subway exec buys Palm Beach house

Former Subway exec buys Palm Beach house
1120 North Lake Way (Credit: Google Maps)

Trust of taxi magnate’s wife picks up waterfront Palm Beach home for $13M

Trust of taxi magnate’s wife picks up waterfront Palm Beach home for $13M
A photo illustration of 620 Arvida Parkway (Credit: Compass, iStock)

Staying on the sunny side: South Florida resi brokers see upside in coronavirus

Staying on the sunny side: South Florida resi brokers see upside in coronavirus
Two North Breakers Row (Credit: Google Maps)

Former publishing exec buys Breakers Row condo for $8M

Former publishing exec buys Breakers Row condo for $8M
arrow_forward_ios

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

Loading...