Billionaire businessman sells North Palm Beach mansion for $19M

Miami /
Oct.October 01, 2020 03:30 PM
11750 Turtle Beach Road, North Palm Beach (Realtor)

11750 Turtle Beach Road, North Palm Beach (Realtor)

Billionaire businessman Jude Reyes sold his waterfront mansion in North Palm Beach for $19.2 million.

Reyes and his wife, Lori Welch Reyes, bought the property at 11750 Turtle Beach Road in Old Port Village for $16.1 million in 2014. They listed the 8,709-square-foot home, which has eight bedrooms and 8.5 bathrooms, for $23.5 million at the beginning of the year.

The buyers are Alexander D. and Laura F. Hanson. Alexander Hanson is an executive at TGS Management Company LLC, a New Jersey-based equity securities trading firm. Paul Kaneb with K2 Realty, Inc. brokered the deal between the two parties.

Reyes is co-chairman of Reyes Holdings, a food and beverage distributor that owns two Coca-Cola bottlers, and is among the largest beer distributors in the U.S. His net worth is estimated at $5.4 billion, according to Forbes.

Palm Beach has seen several high-priced sales over the summer. Tad Smith Jr., the former president and CEO of Sotheby’s, recently bought a 6,100-square-foot home for $7.7 million. A spec home sold for $7.2 million, and a condo unit sold to a venture capital firm CEO for $5.5 million.






    Related Articles

    arrow_forward_ios
    Shahla and Hushang Ansary with Sun and Surf One Hundred building in Palm Beach (Getty, Google Maps)

    Billionaire’s wife pays $14M for Palm Beach penthouse and cabana

    Billionaire’s wife pays $14M for Palm Beach penthouse and cabana
    Widow of late San Francisco Giants owner buys Palm Beach home

    Widow of late San Francisco Giants owner buys Palm Beach home

    Widow of late San Francisco Giants owner buys Palm Beach home
    Jarrett Posner, Pablo Escobar with 5860 North Bay Road (The Waterfront Team)

    Pablo Escobar’s former Miami Beach property sells for $11M

    Pablo Escobar’s former Miami Beach property sells for $11M
    Pharrell Williams and David Lerner with a photo of 2545 Northwest Third Avenue and a rendering of the Billionaire Boys Club exterior (Getty, Google Maps, Lerner Family Properties)

    Pharrell’s Billionaire Boys Club to open store in Wynwood

    Pharrell’s Billionaire Boys Club to open store in Wynwood
    8 Windsor Court and Jonathan Sack (Google Maps)

    Attorney buys Palm Beach mansion for $13M

    Attorney buys Palm Beach mansion for $13M
    Lawrence Kaplan and Bart Halpern with 2299 Ibis Isle Road East, Palm Beach (Getty, Corcoran) 

    Textile designer pays $7M for waterfront Palm Beach home

    Textile designer pays $7M for waterfront Palm Beach home
    David Grutman and Alejandro Sanz with a rendering of 2050 North Bay Road (Getty, CMA Design Studio)

    David Grutman closes on Alejandro Sanz’s Miami Beach home, plans new mansion

    David Grutman closes on Alejandro Sanz’s Miami Beach home, plans new mansion
    Marc Anthony and 300 Costanera Road (Getty, Mint Studios Miami)

    Marc Anthony lists waterfront Coral Gables mansion for $27M

    Marc Anthony lists waterfront Coral Gables mansion for $27M
    arrow_forward_ios

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

    Loading...