Gold Coast Beverage Distributors founder buys Palm Beach townhomes

Buyers recently sold their North Bay Road mansion in Miami Beach for $42M

Miami /
Nov.November 04, 2020 05:30 PM
237 Brazilian Avenue with Todd Glaser and Stephen and Petra Levin (Getty, Glaser by Mary Beth Koeth; property photo courtesy of Todd Michael Glaser)

237 Brazilian Avenue with Todd Glaser and Stephen and Petra Levin (Getty, Glaser by Mary Beth Koeth; property photo courtesy of Todd Michael Glaser)

UPDATED, Nov. 4, 5:50 p.m.: Beverage tycoon Stephen Levin and his wife, Petra, closed on two adjacent townhouses in Palm Beach after selling their waterfront Miami Beach home for $42 million.

Spec home developer Todd Michael Glaser, along with his partners Scott Robins, Philip Levine and Jonathan Fryd, sold the two 5,400-square-foot townhouses they developed to the philanthropist couple for a combined $13.7 million. Property records show Glaser’s 237 Brazilian Avenue LLC sold the townhouses at 237-239 Brazilian Avenue to Brazilian PB Land Trust. Glaser said the villas sold for about $14.8 million, including commissions and other costs.

In late October, the Levins sold their mansion at 4358 North Bay Road in Miami Beach to billionaire Shutterstock founder Jonathan Oringer, setting a new record for waterfront home sales on North Bay Road.

For the Palm Beach sale, Suzanne Frisbie with Premier Estate Properties was the listing agent, and Paulette Koch of the Corcoran Group represented the buyer. Koch declined to comment on the buyer’s identity.

“They wanted to familiarize themselves with Palm Beach, and we really scoured the market and looked at a number of properties,” she said.

Stephen Levin founded Gold Coast Beverage Distributors, one of South Florida’s largest beverage wholesalers, and sold it in 2014 for more than $1 billion. In June, West Palm Beach-based MorseLife Health System announced a $5 million gift from the couple. Stephen Levin serves as the nonprofit’s chairman.

The villas have a total of 10 bedrooms, 10 bathrooms and four half-bathrooms, according to the listing. They each include gardens, an interior courtyard and pool, open kitchens and family rooms, master suites, and four-car garages. Portuondo-Perotti designed the townhouses.

Glaser is under contract to purchase the Palm Beach property owned by the late financier and convicted sex offender Jeffrey Epstein, at 358 El Brillo Way.

The Miami Beach and Palm Beach developer has been active in recent months in both markets. He recently sold the waterfront spec mansion at 6650 Allison Road in Miami Beach for $15.2 million.






    Related Articles

    arrow_forward_ios
    W. Allan Jones and 320 Island Road, Palm Beach (Wikipedia Commons, Google Maps)
    Converting to cash: Payday lender flips his waterfront Palm Beach home for $42M
    Converting to cash: Payday lender flips his waterfront Palm Beach home for $42M
    Myles Chefetz and 5780 LaGorce Drive (Douglas Elliman, Facebook)
    Prime 112 owner Myles Chefetz pays $5M for non-waterfront Miami Beach spec home
    Prime 112 owner Myles Chefetz pays $5M for non-waterfront Miami Beach spec home
    Todd Glaser with 576 Island Drive (Google Maps, Todd Glaser)
    Todd Glaser, partners buy waterfront Palm Beach home to renovate, flip
    Todd Glaser, partners buy waterfront Palm Beach home to renovate, flip
    228 Via Las Brisas and Maximo Haddad. (Compass, Global Industries via YouTube)
    Mexican construction tycoon sells Palm Beach mansion for $23M
    Mexican construction tycoon sells Palm Beach mansion for $23M
    Ed and Jackie Rabin with 505 South County Road, Palm Beach (Patrick McMullan/Getty, Google Maps)
    Former Hyatt Hotels president buys Palm Beach home for nearly $6M
    Former Hyatt Hotels president buys Palm Beach home for nearly $6M
    Clockwise from top left: 1500 West 21st Street in Miami Beach, 259 Pendleton Avenue in Palm Beach, 1221 North Lake Way in Palm Beach, 215 Indian Road in Palm Beach and Todd Glaser (Google Maps)
    Todd Glaser buys and sells houses totaling $50M, amid South Florida luxury frenzy
    Todd Glaser buys and sells houses totaling $50M, amid South Florida luxury frenzy
    Suzanne Frisbie and 456 South Ocean Boulevard, Palm Beach (Frisbie Group)
    Frisbie Group sells oceanfront Palm Beach townhome for $26M
    Frisbie Group sells oceanfront Palm Beach townhome for $26M
    Ava F. Roosevelt (Getty, Google Maps)
    Widow of FDR’s grandson sells Palm Beach home
    Widow of FDR’s grandson sells Palm Beach home
    arrow_forward_ios

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

    Loading...