Financier Steven Hudson buys Palm Beach home for $16M

Buyer recently flipped a condo at the Bristol

Steven K. Hudson and 134 Casa Bendita, Palm Beach (Google Maps)
Steven K. Hudson and 134 Casa Bendita, Palm Beach (Google Maps)

Canadian financier Steven Hudson purchased a non-waterfront mansion in Palm Beach for $16.3 million.

Records show Hudson’s 134 CB PB FL LLC bought the home at 134 Casa Bendita from Elaine M. Butcher, Christina Leddy and Jessica Forbes, as trustees of The Casa Bendita Irrevocable Trust.

The buyer financed the purchase with a $7 million mortgage from CIBC Bank USA.

Hudson is CEO of Toronto-based ECN Capital Corp., a provider of business services to North American banks, credit unions, life insurance companies, pension funds and investment funds. ECN was created when Element Financial Corp. separated into two public companies in October 2016. The company has an office in West Palm Beach, according to its website.

The seller of the Palm Beach home paid $7.9 million for the 8,733-square-foot mansion in 2013. The property hit the market last year for $17.9 million with Chris Leavitt and Ashley McIntosh of Douglas Elliman.

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Jim McCann of Premier Estate Properties brought the buyer.

The five-bedroom, six-and-a-half bathroom home has 18-foot ceilings, a two-car garage and a pool, according to the listing.

Hudson is familiar with the Palm Beach area as he and his wife, Melanie, have made a number of moves over the past year. Earlier this month, Hudson flipped a condo at the Bristol for $6.6 million, six months after buying it.

In September, Hudson sold a Palm Beach home for $9.9 million, two years after acquiring it for $9.8 million.

Recently in Palm Beach, Tommy Hilfiger bought a home for $9 million and billionaire Steven Wynn spent $49 million on a lakefront estate.