Financier Steven Hudson buys Palm Beach home for $16M

Buyer recently flipped a condo at the Bristol

Miami /
Mar.March 24, 2021 04:30 PM
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.

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.






    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...