The estate of a late finance executive sold a Palm Beach mansion for $11.1 million.
The estate of the late Martin Berman sold the 9,653-square-foot house at 130 Banyan Road for $1,149 per square foot, records show. 130 Banyan LLC, tied to attorney Maura Ziska, bought the property.
The property last sold for $2.3 million in 1998, records show. The house was built in 1926 and sits on about 1 acre. It includes a cabana with a wet bar, a swimming pool, tennis court, and a covered loggia, according to Realtor.com.
Berman was the founder of Fort Lee, New Jersey-based Palisade Capital Management, which has about $3 billion in assets under management, according to its website. Berman died in April 2018 after a brief illness, according to a press release.
The house is one block away from the Atlantic Ocean and South Ocean Boulevard.