Bill Pulte buys waterfront teardown in Boca Raton for $6M

Original listing price in 2017 was $13.6M

Miami /
Dec.December 29, 2020 01:30 PM
Bill Pulte and 2020 Royal Palm Way, Boca Raton (Bill Pulte, Royal Palm Properties)

Bill Pulte and 2020 Royal Palm Way, Boca Raton (Bill Pulte, Royal Palm Properties)

The grandson of the late founder of PulteGroup paid $6 million for a waterfront teardown in Boca Raton’s Royal Palm Yacht & Country Club. 

Records show William J. Pulte bought the house at 2020 Royal Palm Way in Boca Raton from Colleen Schumann and Marilyn R. Fazioli, trustees of the William J. Hasey, Jr. Homestead Trust.

William “Bill” Pulte is the grandson of William Pulte, founder and namesake of Atlanta-based PulteGroup, the third-largest homebuilder in the U.S, according to its website.

The grandson was appointed to PulteGroup’s board of directors in 2016, but is most famously known for donating money on Twitter. He is the self-proclaimed “inventor of Twitter Philanthropy.”

William J. Hasey, Jr. Homestead Trust bought the property for $1.25 million in 1999, according to records. Since then, the deed has changed ownership to a trust in his name. Property records show the house was built in 1964.

Hasey is president of Boca Raton-based construction firm Bloomfield Construction, a custom homebuilder. He also is president of Royal Palm Brokerage, a real estate firm that handles sales in the Royal Palm Yacht & Country Club.

According to Realtor.com, the property was first listed in March of 2017 for $13.6 million. After many price changes, the most recent asking price was nearly $7 million in November. Hasey listed the property himself.

The existing house has four bedrooms and four-and-a-half bathrooms. But the home is being advertised as a teardown, according to the listing, which states that the seller has preliminary plans for a 9,300-square-foot home. The 0.34-acre property has 96 feet of water frontage.

In November, PulteGroup purchased 31 acres of land in Palm Beach County, with plans to build a housing community.

In September, Bill Pulte’s father, Mark, who owns his own homebuilding firm, bought an oceanfront lot in Delray Beach for $11 million.






    Related Articles

    arrow_forward_ios
    El-Ad’s Yitzhak Tshuva and Zoam Ziv with Savannah Place at 22356 Calibre Court (Google Maps, Linkedin)
    El-Ad National sells apartments west of Boca Raton for $31M
    El-Ad National sells apartments west of Boca Raton for $31M
    PulteGroup's Brent Bake a rendering of the site in Avenir
    Pulte buys site at Avenir in Palm Beach Gardens, plans 390-home development
    Pulte buys site at Avenir in Palm Beach Gardens, plans 390-home development
    Stateland Brown owner-brokers Ayal Frist and Dan Statlander with one of the properties, City National Bank Plaza at 7000 West Palmetto Park (Google Maps)
    TJAC Development sells mixed-use portfolio near Boca Raton for $155M
    TJAC Development sells mixed-use portfolio near Boca Raton for $155M
    Gary Bettman and 4020 Ibis Point Circle, Boca Raton (Getty, Google Maps)
    NHL commissioner Gary Bettman buys Boca Raton mansion
    NHL commissioner Gary Bettman buys Boca Raton mansion
    AeroEquity Partners' Michael Greene and David Rowe with 6700 Northwest Broken Sound Parkway, Boca Raton (AeroEquity; CBRE)
    Private equity firm pays $6M for Boca Raton office building
    Private equity firm pays $6M for Boca Raton office building
    Jeffrey A. Levitetz and 5001 Egret Point Circle, Boca Raton (Purity Wholesale, Google Maps)
    Grocery distributor sells waterfront Boca Raton mansion for $16M
    Grocery distributor sells waterfront Boca Raton mansion for $16M
    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
    Investcorp co- CEOs Hazem Ben-Gacem and Rishi Kapoor, Ventures CEO Tom Scott and 135 Northwest 20th Street in Boca Raton (Investcorp; Ventures; Google Maps)
    CA Ventures buys Boca Raton apartment complex for $80M
    CA Ventures buys Boca Raton apartment complex for $80M
    arrow_forward_ios

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

    Loading...