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

Sellers bought the property in 2014 for less than $8M

Miami /
Nov.November 23, 2020 05:30 PM
Shahla and Hushang Ansary with Sun and Surf One Hundred building in Palm Beach (Getty, Google Maps)

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

Shahla Ansary, the wife of billionaire businessman Hushang Ansary, bought a penthouse and cabana in Palm Beach for $14 million.

Property records show Ansary bought unit PH-2 as well as Cabana CA-46 at the Sun and Surf One Hundred building at 100 Sunrise Avenue. The seller is Magis LLC, a Delaware company managed by West Palm Beach attorney Alan J. Ciklin.

Hushang Ansary was formerly Minister of Economic Affairs and Finance in the Iranian government and was Iran’s ambassador to the United States from 1967 to 1969. Ansary founded Parman Capital Group, a Houston-based oil and gas company, in 2005.

The penthouse and cabana had an asking price of $18.75 million when they hit the market in May. Magis LLC bought the property in 2014 for $7.8 million.

Lawrence Moens of Lawrence A. Moens Associates represented the seller, while Harold Matheson with Monique Matheson Properties represented Ansary.

According to Palm Beach property appraisal records, the penthouse spans 5,095 square feet and has three bedrooms and four-and-a-half bathrooms. The cabana is 597 square feet. The Sun and Surf One Hundred building was built in 1977.

Other recent sales in Palm Beach include the widow of the late San Francisco Giants owner buying a home for $6.1 million, Sack & Sack attorney Jonathan Sack spending $13.3 million for a non-waterfront mansion and a textile designer buying a waterfront home for $7 million.





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