Heiress to late real estate magnate sells Palm Beach house for $10M

Eliot and Ruth Snider bought the land in 2001 for $3.4M and built the house in 2002

TRD MIAMI /
Aug.August 21, 2020 01:45 PM
 109 El Mirasol and Eliot Snider (Google Maps, Harvard)

109 El Mirasol and Eliot Snider (Google Maps, Harvard)

An heiress to a late Massachusetts lumber and real estate magnate sold a Palm Beach house for $9.5 million.

Nancy Budge, the daughter of Eliot and Ruth Snider, signed the deed for 109 El Mirasol. Budge is a trustee of her parents’ trusts that owned the house, records show. The 6,000-square-foot home is on half an acre and has five bedrooms, five full bathrooms. A trust linked to lawyer Maura Ziska bought the house in an off-market deal, according to records.

The Sniders bought the land in 2001 for $3.4 million. They built the house in 2002, records show.

Eliot Snider worked for his father’s Massachusetts Lumber company and became president in 1953, according to an article from the New England Historic Genealogical Society. He sold the business to a Mississippi company in 1998 but kept the facilities. He then leased properties and focused on real estate and investment management. He died in November at age 98, according to an obituary.

His brother, Stanley Snider, was also a developer. His notable projects include the Smugglers’ Notch resort in Vermont.

Budge is the former wife of Jeffrey Budge, whose father, Donald, was the first professional tennis player to score a Grand Slam, winning Wimbledon and the U.S., French and Australian championships in 1938.

Palm Beach homes are selling at a fast clip during the pandemic.

Other recent big-ticket Palm Beach sales include a pulmonologist selling a seven-bedroom, 14-bathroom estate for $51.4 million, a New Jersey real estate developer and investor selling his Palm Beach estate for $11.5 million and the CEO of cable giant Comcast selling unit 201 at 11050 Turtle Head Beach Road for $5.5 million.


Related Articles

arrow_forward_ios
Tad Smith and 250 Indian Road (Courtesy of Sotheby's, Realtor)

Former Sotheby’s CEO buys Palm Beach home for $8M

Former Sotheby’s CEO buys Palm Beach home for $8M
Joseph McMillan, CEO of DDG, and Kerry Warwick with 3550 South Ocean

Corcoran takes over sales of 3550 South Ocean

Corcoran takes over sales of 3550 South Ocean
1556 North Ocean Boulevard (Credit: Google Maps)

Wife of South Florida builder sells Palm Beach spec home for $7M

Wife of South Florida builder sells Palm Beach spec home for $7M
Yongmee Michele Kang and 101 Worth Avenue in Palm Beach

Venture capital firm founder buys Palm Beach condo for $6M

Venture capital firm founder buys Palm Beach condo for $6M
Neil Bluhm with 215 Brazilian Avenue (Credit: CLINT SPAULDING/Patrick McMullan via Getty Images)

Billionaire real estate, casino magnate Neil Bluhm buys Palm Beach townhouse

Billionaire real estate, casino magnate Neil Bluhm buys Palm Beach townhouse
225 Arabian Road & E. Llwyd Ecclestone III (Realtor, Linkedin)

Homebuilder sells Palm Beach spec house for $6M

Homebuilder sells Palm Beach spec house for $6M
980 South Ocean Boulevard & Jane Holzer (Credit: Google Maps. and Jared Siskin/Patrick McMullan via Getty Images)

Family of Warhol muse Jane Holzer buys Palm Beach home for $8M

Family of Warhol muse Jane Holzer buys Palm Beach home for $8M
Christopher Sinclair and 309 Dunbar Road, Palm Beach (Wikipedia, Realtor)

Child’s play: Former Mattel CEO pays $10M for Palm Beach house

Child’s play: Former Mattel CEO pays $10M for Palm Beach house
arrow_forward_ios

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

Loading...