Payday lender CEO buys Palm Beach house for $26M

James Berwind listed the property for $37.5 in 2019

Miami /
Jan.January 13, 2021 11:30 AM
320 Island Road, Palm Beach (Google Maps)

320 Island Road, Palm Beach (Google Maps)

A member of the Berwind family sold his lakefront Palm Beach estate at a big discount off its original listing price in 2019.

Records show James D. Berwind sold the home at 320 Island Road to Jones Lakeland LLC for $26.1 million.

The buyer, Jones Lakeland LLC, managed by W. Allan Jones, just sold his Palm Beach home for $27 million. Jones is founder and CEO of Check it Into Cash, a company that provides payday advances to walk-in customers. Jones founded the company in Cleveland, Tennessee in 1993. According to his website, it’s the third-largest payday lending company in the nation.

Berwind, an environmental architect and animal-rights activist, is the son of the late Charles Graham Berwind Jr., the former leader of the Berwind Group. The company was historically involved in the coal industry and later became an investment management firm.

Property records show Berwind bought the property for $9.7 million in 2012. He and his partner, real estate agent Kevin Clark, built the existing home in 2014. The two listed the house in 2019 for $37.5 million. The asking price dropped to $32.5 million in December.

Condon Cris with Sotheby’s International Realty listed the 7,526-square-foot house, while Suzanne Trapani-Frisbie of Premier Estate Properties brought the buyer.

Berwind’s two-story home has five bedrooms, six bathrooms, two half-bathrooms, a gym and a garage with room for five cars, according to the listing. Outside, the home has an infinity pool that overlooks 232 feet of water frontage with views of the Everglades Club golf course.

Other recent sales in Palm Beach include jewelry designer Judith Ripka selling her home for $12.7 million, and a real estate investor selling his waterfront house for $18.4 million. This month, a spec mansion in Palm Beach went on the market asking for $140 million in a record-setting listing.






    Related Articles

    arrow_forward_ios
    Q2’s largest retail transaction: Regal Acquisitions’ $34 purchase of CVS-anchored retail at Boulan South Beach hotel (Google Maps)
    South Florida’s retail market slowly emerges from pandemic woes in Q2
    South Florida’s retail market slowly emerges from pandemic woes in Q2
    Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
    Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
    Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
    Thomas Iovino and the Palm Beach property (Iovino via LinkedIn, Brown Harris Stevens via Realtor)
    Construction chief buys flipped Palm Beach spec mansion for $18M
    Construction chief buys flipped Palm Beach spec mansion for $18M
    Tommy Hilfiger and his wife Dee Ocleppo Hilfiger with the Palm Beach location (Google Maps, Getty)
    Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
    Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
    Todd Michael Glaser with 10 Tarpon Isle (Todd Michael Glaser)
    Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
    Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
    Moving on up: Wealth manager upgrades to $15M Palm Beach home
    Moving on up: Wealth manager upgrades to $15M Palm Beach home
    Moving on up: Wealth manager upgrades to $15M Palm Beach home
    David Salomon and 229 Ridgeview Drive, Palm Beach (Google Maps)
    Wealth manager sells Palm Beach house for $9M
    Wealth manager sells Palm Beach house for $9M
    Gigi and Averell Mortimer and 255 El Pueblo Way, Palm Beach (Getty, Google Maps)
    Averell and Gigi Mortimer buy Palm Beach home for $7M
    Averell and Gigi Mortimer buy Palm Beach home for $7M
    arrow_forward_ios

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

    Loading...