Jazz musician snags Palm Beach home near Mar-a-Lago for $8M

The property sold at a 70% discount to its 2018 listing price

Miami /
Mar.March 17, 2020 10:30 AM
Jazz musician Bob Merrill and 500 Regents Park Road (Credit: Compass)

Jazz musician Bob Merrill and 500 Regents Park Road (Credit: Compass)

Jazz musician Bob Merrill bought a waterfront Palm Beach home near Mar-a-Lago for $7.5 million.

Merrill purchased the 5,998-square-foot house at 500 Regents Park Road for $1,250 per square foot, records show. Eddy Louis of Palm Beach sold the home.

The seven-bedroom, eight-bathroom house was designed by Palm Beach architect Clarence Mack and has frontage on the Intracoastal Waterway, just south of Mar-a-Lago. It features a waterway bird sanctuary, pool, covered patio, and foyer and rotunda with marble flooring. It was built in 1959, records show.

It is part of the Regents Park Historic District cul-de-sac neighborhood of five estate homes.

The home sold at a 50 percent discount from its listing price of $15 million in December and at a 70 percent discount from its 2018 listing price of $25 million.

The property last sold for $2.2 million in 1985, records show.

Tamara “TJ” Jeanne-Fisher with Waterfront Properties & Club Communities represented the buyer and the seller in the deal.

Merrill is a trumpeter, pianist, vocalist and composer who has played at the Kravis Center in West Palm Beach, according to his website.

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
Q2’s largest retail transaction: Regal Acquisitions’ $34 purchase of CVS-anchored retail at Boulan South Beach hotel (Google Maps)
South Florida’s retail market slowly emerges from pandemic woes in Q2
South Florida’s retail market slowly emerges from pandemic woes in Q2
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
Thomas Iovino and the Palm Beach property (Iovino via LinkedIn, Brown Harris Stevens via Realtor)
Construction chief buys flipped Palm Beach spec mansion for $18M
Construction chief buys flipped Palm Beach spec mansion for $18M
Tommy Hilfiger and his wife Dee Ocleppo Hilfiger with the Palm Beach location (Google Maps, Getty)
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
Todd Michael Glaser with 10 Tarpon Isle (Todd Michael Glaser)
Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
Moving on up: Wealth manager upgrades to $15M Palm Beach home
Moving on up: Wealth manager upgrades to $15M Palm Beach home
Moving on up: Wealth manager upgrades to $15M Palm Beach home
David Salomon and 229 Ridgeview Drive, Palm Beach (Google Maps)
Wealth manager sells Palm Beach house for $9M
Wealth manager sells Palm Beach house for $9M
Gigi and Averell Mortimer and 255 El Pueblo Way, Palm Beach (Getty, Google Maps)
Averell and Gigi Mortimer buy Palm Beach home for $7M
Averell and Gigi Mortimer buy Palm Beach home for $7M
arrow_forward_ios

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

Loading...