Former casino exec sells Jupiter estate for $6M

The property was listed for $7.7M in September

Miami /
Jun.June 24, 2020 09:45 AM
171 Commodore Drive and Mark Seelig (Redfin)

171 Commodore Drive and Mark Seelig (Redfin)

Joseph Lashinger, a former casino president, sold a new waterfront home in Jupiter’s Admiral Cove for $5.5 million.

Lashinger and his wife Julie sold the property at 171 Commodore Drive to Mark Seelig, who co-founded a real estate investment firm and a law firm, and his wife Valerie. The house has five bedrooms and two half-bathrooms and sits on 0.4 acres, according to a listing on Redfin.

Lashinger was a former state representative in Pennsylvania. He was also the former president of Harrah’s Chester Casino & Racetrack and the former vice-president, general counsel and consultant of Penn National Gaming.

Seelig is a co-founder of the New York-based law firm MSF. He is also the co-founder and chairman of real estate private equity funds and investment vehicles with real estate holdings valued at more than $1.5 billion, according to the firm’s website.

Rob Thomson of Waterfront Properties & Club Communities represented the seller, according to Realtor.com. Thomas Frankel of Admirals Cove Realty Co. represented the buyer.

The property last sold for $2.6 million in October 2018, property records show. It was listed for $7.7 million in September, according to Realtor.com.

Jupiter’s high-end housing market has exploded in recent years. In February, the former president of Pan American Airways, who was more recently CEO of a nuclear energy company, sold his estate in Bear’s Club in Jupiter for $10 million. In July 2019, the trust of former Los Angeles Dodgers owner Jamie McCourt purchased a 6,804-square-foot home at 160 Spyglass Lane in Jupiter for $1,175 per square foot, records show.


Related Articles

arrow_forward_ios
Pro golfer Dustin Johnson buys mansion in Jupiter’s Admirals Cove for $14M
Pro golfer Dustin Johnson buys mansion in Jupiter’s Admirals Cove for $14M
Pro golfer Dustin Johnson buys mansion in Jupiter’s Admirals Cove for $14M
Jungle Island owner sells Jupiter office building to New York self storage firm for $12M
Jungle Island owner sells Jupiter office building to New York self storage firm for $12M
Jungle Island owner sells Jupiter office building to New York self storage firm for $12M
JB Capital co-principals Jessica Giguere and Ben Karp with the retail center (Atlantic Retail, JB Capital)
JB Capital and partner pay $26M for Fresh Market-anchored Jupiter retail center
JB Capital and partner pay $26M for Fresh Market-anchored Jupiter retail center
Home sweet home: Sugar baron Alexander Fanjul buys Jupiter house for $5M
Home sweet home: Sugar baron Alexander Fanjul buys Jupiter house for $5M
Home sweet home: Sugar baron Alexander Fanjul buys Jupiter house for $5M
Toll Brothers chairman and CEO Douglas C. Yearley, Jr. with Jupiter Country Club (Toll, Facebook via Jupiter Country Club)
Toll Brothers faces lawsuits over alleged construction defects at Jupiter Country Club
Toll Brothers faces lawsuits over alleged construction defects at Jupiter Country Club
Mike Odrich and Steven B. Fader with 113 Spinnaker Lane, Jupiter (Google Maps)
Real estate and private equity investor sells waterfront home in Jupiter for $8M
Real estate and private equity investor sells waterfront home in Jupiter for $8M
Johnny Gray and 176 Spyglass Lane in Jupiter (NHRA, Pelican Pix)
Racing team owner sells waterfront Jupiter mansion for $24M
Racing team owner sells waterfront Jupiter mansion for $24M
Value Store It President Carlos Diaz with the two properties (Diaz)
Value Store It buys two Palm Beach County properties for $35M
Value Store It buys two Palm Beach County properties for $35M
arrow_forward_ios

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

Loading...