Wackenhut heir sells historic Palm Beach estate for $18M

Landmark home was built in 1927, designed by Maurice Fatio

Miami /
Mar.March 05, 2021 05:30 PM
Rick and Marie Wackenhut with 930 South Ocean Boulevard in Palm Beach (Google Maps, Nantucket Statue Fund) 

Rick and Marie Wackenhut with 930 South Ocean Boulevard in Palm Beach (Google Maps, Nantucket Statue Fund)

Rick and Marie Wackenhut sold their historic Palm Beach home for $17.9 million.

Records show 1111 Partners LLC, led by Rick Wackenhut, an heir to the security firm founder George Wackenhut, sold the five-bedroom, 6,525-square-foot home at 930 South Ocean Boulevard to M&M Palm Beach Property Investors LLC.

The buyer, managed by attorney Ronald Kochman, financed the purchase with a $14 million loan from Iberiabank, according to records.

The property is a Palm Beach landmark that was designed by architect Maurice Fatio and restored by the sellers, according to the listing. It features a main house, guest house, private courtyard and pool. The two-story home was built in 1927 and is across the street from the beach.

Lawrence Moens of Lawrence A. Moens Associates had the listing.

The property previously sold in 2011 for $11.5 million, records show.

Rick Wackenhut was once CEO of the security services firm. George Wackenhut sold his company in 2002 for $570 million. He died in Vero Beach in 2004.

Rick’s sister, Janis Wackenhut, recently paid $15 million for a condo on exclusive Fisher Island in Miami Beach. https://therealdeal.com/miami/2020/08/07/wackenhut-scion-pays-15m-for-fisher-island-penthouse/

Luxury home sales in Palm Beach and Miami Beach have been on the rise throughout the pandemic.

Last month, private equity titan Scott Shleifer paid more than $120 million, a record, for an oceanfront mansion in Palm Beach.

Former President Donald Trump recently listed his beachfront mansion across the street from his Mar-a-Lago resort for $49 million. Moens is the listing broker.






    Related Articles

    arrow_forward_ios
    IRA Capital makes $16M medical office play in Boca Raton
    IRA Capital makes $16M medical office play in Boca Raton
    IRA Capital makes $16M medical office play in Boca Raton
    2714 Sheltingham Drive with Fred and Lora Jean Drasner (Berkshire Hathaway)
    Former New York Daily News co-owner buys Wellington mansion for $5M
    Former New York Daily News co-owner buys Wellington mansion for $5M
    Former Palm Beach councilwoman sells lakefront mansion for $38M
    Former Palm Beach councilwoman sells lakefront mansion for $38M
    Former Palm Beach councilwoman sells lakefront mansion for $38M
    Trian’s Nelson Peltz, Ed Garden and Peter May with the office building (Trian, New England Development)
    Billionaire Nelson Peltz’s Trian Partners buys Palm Beach office building for $23M
    Billionaire Nelson Peltz’s Trian Partners buys Palm Beach office building for $23M
    Todd Glaser and David Skok with 360 El Brillo Way (Facebook via Skok, Premier Estates)
    Venture capitalist David Skok pays $26M for Jeffrey Epstein’s former Palm Beach property
    Venture capitalist David Skok pays $26M for Jeffrey Epstein’s former Palm Beach property
    Investors buy Palm Beach office building for $38M
    Investors buy Palm Beach office building for $38M
    Investors buy Palm Beach office building for $38M
    (Getty)
    South Florida by the numbers: Stars need houses too
    South Florida by the numbers: Stars need houses too
    Hilary Musser and the house (Photos: Daniel Newcomb)
    Hilary Musser sells waterfront West Palm Beach spec mansion for record $16M
    Hilary Musser sells waterfront West Palm Beach spec mansion for record $16M
    arrow_forward_ios

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

    Loading...