Insurance tycoon sells Palm Beach mansion for $21M

Seller built the home in 2006

Miami /
Oct.October 27, 2020 03:30 PM
Mark Freitas and 201 El Vedado Road (Mark Edwards Partners, Google Maps)

Mark Freitas and 201 El Vedado Road (Mark Edwards Partners, Google Maps)

The president and CEO of an international brokerage firm sold his Palm Beach mansion for $20.75 million.

Records show Mark Freitas and his wife, Mary, sold their property at 201 El Vedado Road to Mark D. Kairalla, a trustee of the 201 El Vedado Land Trust. Kairalla is an attorney at Tittle, Kairalla & Logan, Pl. Kairalla also took out a mortgage on the home for $13.9 million. Robert and Susan B. Bishop also signed for the loan.

Robert Bishop, known as Bob, is the chief investment officer of Impala Asset Management, an investment management firm he founded in 2004. The firm has offices in New Canaan, Connecticut; New York City; and Palm Beach.

The Freitas family bought the property in 2002 through True 680 LLC, for $3.3 million, according to records. The house was built on the 0.64-acre lot in 2006.

The two-story home spans 11,497 square feet and has seven bedrooms, eight full bathrooms, two half-bathrooms and a pool.

Freitas is president and CEO of Mark Edwards Partners, a brokerage firm that covers insurance for corporations, individuals and families, according to its website. It has offices in New York City, Palm Beach, Beverly Hills and London. Freitas and his wife also established The Mark & Mary Freitas Foundation.

This sale is among many recent home sales in Palm Beach. The artist and owner of the high-end brand Michael Aram paid $5.2 million for a house in Palm Beach, an heir to the Goya Foods fortune bought a home for $11.3 million and a real estate financier spent $5.8 million on a house.






    Related Articles

    arrow_forward_ios
    232 Bahama Lane in Palm Beach, Jeffrey A. & Erica R. Keswin (middle) and Scott Goodwin & Kimberly Goodwin (right) (Photos via Compass, Facebook, Getty, Lyrical AM)
    Hedge funders galore: One flips Palm Beach home to another for $7M
    Hedge funders galore: One flips Palm Beach home to another for $7M
    Igor Tulchinsky and 12088 Banyan Road (Getty, Douglas Elliman)
    Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
    Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
    Tommy and Dee Olceppo Hilfiger with 313 Dunbar Road (Getty, Google Maps)
    Tommy Hilfiger drops $21M for waterfront Palm Beach home
    Tommy Hilfiger drops $21M for waterfront Palm Beach home
    Cosmetic mogul Adrien Arpel and the Palm Beach home. (Getty, Frankel Ball Realty)
    Cosmetic mogul Adrien Arpel sells waterfront Palm Beach home for $25M
    Cosmetic mogul Adrien Arpel sells waterfront Palm Beach home for $25M
    Late chairman and CEO of Affiliated Managers Group Sean Healey. (AMG, Compass)
    Late investment tycoon’s estate sells beachfront manse for $35M
    Late investment tycoon’s estate sells beachfront manse for $35M
    Nicholas and Caroline Rafferty and 6709 South Flagler Drive, West Palm Beach (Getty/Patrick McMullan, Google Maps)
    Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
    Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
    Janice McNair and 425 Worth Avenue. (Getty, Compass)
    Houston Texans’ billionaire owner sells Palm Beach co-op for $5M
    Houston Texans’ billionaire owner sells Palm Beach co-op for $5M
    1341 South Ocean Boulevard, Palm Beach (Lawrence Moens)
    Punch time clock heir sells oceanfront Palm Beach estate for $95M
    Punch time clock heir sells oceanfront Palm Beach estate for $95M
    arrow_forward_ios

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

    Loading...