Former Patrón Spirits CEO sells Hillsboro Beach mansion at loss, for $17M

Brown paid $20M for the oceanfront home in 2017

Miami /
Oct.October 20, 2020 02:30 PM
Ed Brown & 1115 Hillsboro Mile (Credit: Google Maps and Rick Dole/Getty Images)

Ed Brown & 1115 Hillsboro Mile (Credit: Google Maps and Rick Dole/Getty Images)

Ed Brown, former Patrón Spirits CEO, sold his oceanfront Hillsboro Beach mansion at a loss, for $16.5 million.

Brown and his wife, Ashley, sold their home at 1115 Hillsboro Mile to James R. Lambert, a trustee of the 1115 Hillsboro Mile Trust, according to records.

Luxury spec home developer Mark Timothy built the home in 2017, the same year the Browns bought it for $20 million.

Jack Elkins with William Raveis Real Estate handled the sale of the 12,562-square-foot mansion, which sits on an acre of land.

The Browns aimed high with their initial listing, putting the property on the market in February 2019 for $27 million. In January, the asking price dropped to $26 million, and eventually fell to $23 million.

The two-story house has six bedrooms, seven full bathrooms — including two master baths — and two half-bathrooms.

The mansion is situated between the Atlantic Ocean and the Intracoastal Waterway and has direct access to the beach on one side and a private dock with a boat lift on the other.

Brown stepped down as the CEO of Patron Spirits in 2018, after holding the position for 18 years. Brown, a former racecar driver, was announced as the executive director of Surterra Wellness, an Atlanta-based health and wellness company, in 2019.

Hillsboro Beach mansions have sold for big price tags this year. The president and CEO of Link’s Snacks, maker of Jack Link’s beef jerky, sold his Hillsboro Beach mansion for $12.5 million and a 14,758-square-foot mansion sold for $18 million.






    Related Articles

    arrow_forward_ios
    1001 Hillsboro Mile (Photos via Google Maps; Bing)

    Protein powder guru sells oceanfront Hillsboro Beach mansion for $20M

    Protein powder guru sells oceanfront Hillsboro Beach mansion for $20M
    From left: Jon Paul Pérez, Gil Dezer and Matt Allen with an aerial view of 1174-1185 Hillsboro Mile (Google Maps)

    Dezer, Related Group team up on waterfront Hillsboro Beach project

    Dezer, Related Group team up on waterfront Hillsboro Beach project
    1009 Hillsboro Mile with Troy Link (Credit: Robin Marchant/Getty Images)

    Chew on this: Link’s beef jerky CEO sears the deal for Hillsboro mansion

    Chew on this: Link’s beef jerky CEO sears the deal for Hillsboro mansion
    1085 Hillsboro Mile Road

    Hillsboro Beach oceanfront mansion sells for $18M

    Hillsboro Beach oceanfront mansion sells for $18M
    Christopher Forest Longsworth (Invesca)

    Invesca CEO Christopher Longsworth dies at 36

    Invesca CEO Christopher Longsworth dies at 36
    Celebration Pointe (Garco)

    Island Capital affiliate pays $64M for Margate apartments

    Island Capital affiliate pays $64M for Margate apartments
    International Inn at 2301 Normandy Isle, Miami Beach (Google Maps)

    Miami Beach approves 8-story addition for International Inn

    Miami Beach approves 8-story addition for International Inn
    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
    arrow_forward_ios

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

    Loading...