Cumberland Farms scion buys waterfront Boca Raton home

New spec home sold for $1,333 psf

Miami /
Jul.July 29, 2020 03:30 PM
310 East Alexander Palm Road (Realtor.com)

310 East Alexander Palm Road (Realtor.com)

A descendant of the founder of Cumberland Farms paid $11 million for a newly built waterfront spec home in Boca Raton.

Byron G. Haseotes Jr., grandson of Vasilios S. Haseotes, who co-founded the chain of convenience stores and gas stations, paid $11.12 million through a land trust for the six-bedroom, 8,342-square-foot house at 310 East Alexander Palm Road. The sellers are Leslie O’Hare and Janet O’Hare, according to property records.

The house sold for $1,333 per square foot. A Haseotes family trust provided the buyer with an $8 million mortgage, records show.

Cumberland Farms has locations throughout New England, New York and Florida. The company sold its stake in Gulf Oil L.P. in the early 2000s.

The O’Hares paid $3.4 million for the 0.34-acre lot in February 2019, and began building the new spec mansion on the Boca Raton property, which overlooks the Gulf Stream waterway.

It was listed in November for $13.5 million. David Roberts with Royal Palm Properties was the listing agent, and Jonathan Postma of Coldwell Banker represented the buyer, according to Realtor.com.

In February, spec home developer Todd Michael Glaser and his partners sold a newly built luxury spec home in Palm Beach to Alexandra Murphy, a granddaughter of Vasilios Haseotes.

Earlier this month, retired tennis superstar Chris Evert sold her Boca Raton compound at 8563 Horseshoe Lane for nearly $4 million.

Write to Katherine Kallergis at [email protected]


Related Articles

arrow_forward_ios
Steven R. Dingle and the property he sold at 298 West Key Palm Road. (SRD Building Corp, Royal Palm)
Former Cantor Fitzgerald CEO sells Boca Raton mansion to homebuilder for $9M
Former Cantor Fitzgerald CEO sells Boca Raton mansion to homebuilder for $9M
Investcorp co- CEOs Hazem Ben-Gacem and Rishi Kapoor, Ventures CEO Tom Scott and 135 Northwest 20th Street in Boca Raton (Investcorp; Ventures; Google Maps)
CA Ventures buys Boca Raton apartment complex for $80M
CA Ventures buys Boca Raton apartment complex for $80M
Bill Pulte and 2020 Royal Palm Way, Boca Raton (Bill Pulte, Royal Palm)
Bill Pulte buys waterfront teardown in Boca Raton for $6M
Bill Pulte buys waterfront teardown in Boca Raton for $6M
North American Development Group CEO John Preston and the Via Mizner Golf & Country Club at 6200 Boca Del Mar Dr (NADG; Google Maps)
Multifamily developer buys former Boca Raton golf course
Multifamily developer buys former Boca Raton golf course
President Donald Trump and James Batmasian (Getty, White House)
Boca Raton real estate honcho James Batmasian gets presidential pardon
Boca Raton real estate honcho James Batmasian gets presidential pardon
Carl E. Klepper Jr and 1739 Royal Palm Way, Boca Raton (Royal Palm Properties)
Spec mansion in Boca Raton sells for $8M
Spec mansion in Boca Raton sells for $8M
2333 Acorn Palm Road (Royal Palm Properties)
Former Cantor Fitzgerald CEO buys Boca Raton home for $6M
Former Cantor Fitzgerald CEO buys Boca Raton home for $6M
Thomas Desernia, Jordana DePaula and 610 Phillips Drive, Boca Raton (Redfin, SAMA labs)
Reeling it in: Fishing apparel founder drops $5M on waterfront Boca Raton home
Reeling it in: Fishing apparel founder drops $5M on waterfront Boca Raton home
arrow_forward_ios

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

Loading...