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

Condo at Kirkland House, across the street from the ocean, sold for $1,331 psf

Miami /
Sep.September 17, 2020 10:30 AM
Yongmee Michele Kang and 101 Worth Avenue in Palm Beach

Yongmee Michele Kang and 101 Worth Avenue in Palm Beach

Yongmee Michele Kang, founder and CEO of Cognosante Ventures, bought a Palm Beach condo for $5.5 million.

Records show Kang bought the four-bedroom, four-bath condo at 101 Worth Avenue from the Kevin J. Collins 2002 Revocable Trust. Robert W. Sheehan is named as a trustee.

Cognosante Ventures is a Falls Church, Virginia-based venture capital firm that provides seed money to technology startups. Kang founded the company in 2008.

The Kevin J. Collins Trust had paid $2.3 million for the 4,130-square-foot Kirkland House unit 0031 in 1999, according to records.

The 20-unit condo building, which is across the street from the ocean, was built in 1974. Kang’s purchase equates to $1,332 per square foot.

Palm Beach has seen a number of high-priced sales this month. Billionaire real estate and casino magnate Neil Bluhm bought a Palm Beach townhouse for $7.4 million. A spec house sold for $5.7 million, and the family of Andy Warhol muse Jane Holzer bought a Palm Beach home for $8 million.






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