Siris Capital co-founder buys Palm Beach mansion for $32M

Seller paid $17M in 2017

Miami /
Apr.April 19, 2021 12:30 PM
Frank A. Baker II and 680 South Ocean Boulevard, Palm Beach (Google Maps)

Frank A. Baker II and 680 South Ocean Boulevard, Palm Beach (Google Maps)

The co-founder of a New York-based private equity firm bought an oceanfront Palm Beach mansion for $32.1 million.

Records show Frank A. Baker II, the co-founder and managing partner of Siris Capital Group, and his wife, Laura, an interior designer and philanthropist, purchased the home at 680 South Ocean Boulevard.

Siris Capital Group has raised over $5.9 billion in capital, according to its website.

The seller is Richard Kurtz, the founder and president of Englewood Cliffs, New Jersey-based apartment management firm Kamson Corp. Kamson owns and manages rental communities in New Jersey, Pennsylvania, New York and Connecticut, according to its website.

Records show Kurtz bought the 9,025-square-foot mansion in 2017 for $17 million. It was built in 1995.

He listed the house in May of last year for $36.5 million. The most recent asking price was $38.5 million in September. Jim McCann of Premier Estate Properties represented the seller. Dana Koch of The Corcoran Group represented the buyer.

The mansion has six bedrooms and eight-and-a-half bathrooms on 0.75 acres. The home also includes a pool, elevator, gym and a three-car garage with a lift, according to the listing.

Palm Beach’s luxury market has been on fire in recent months. This month, billionaire Jim Clark sold his estate for $30.1 million, a trust paid $18 million for a home, and Steve Wynn dropped $24 million for a lakefront Palm Beach home.






    Related Articles

    arrow_forward_ios
    Dusko Bruer pictured with one of his yachts and his Lake Worth property. (Facebook via Bruer, Southern District of Florida | United States District Court)
    Palm Beach County resident who evaded taxes, splurged on Lake Worth Beach manse, sentenced
    Palm Beach County resident who evaded taxes, splurged on Lake Worth Beach manse, sentenced
    Raanan Katz of RK Centers and Best Buy at 1880 Palm Beach Lakes Boulevard in West Palm Beach (RK Centers and Orion Miami)
    Raanan Katz’s RK Centers buys West Palm Best Buy for $12M
    Raanan Katz’s RK Centers buys West Palm Best Buy for $12M
    Todd Glaser with 210 Via Del Mar
    Todd Glaser buys Palm Beach “forever home” for $24M
    Todd Glaser buys Palm Beach “forever home” for $24M
    O. Dean Jernigan and 1325 North Venetian Way, Miami Beach (Google Maps)
    Former self-storage CEO sells Venetian Islands home for $18M
    Former self-storage CEO sells Venetian Islands home for $18M
    (iStock)
    South Florida resi sales, prices jump in the first quarter
    South Florida resi sales, prices jump in the first quarter
    (Photos courtesy of Uptown Boca)
    Amazon Fresh to open 1st Florida store in west Boca Raton
    Amazon Fresh to open 1st Florida store in west Boca Raton
    Gregory L. Clayman and 4750 Sanctuary Lane, Boca Raton (Linkedin, Google Maps)
    Video chat firm president buys waterfront Boca Raton home
    Video chat firm president buys waterfront Boca Raton home
    Christopher Brothers and 441 San Marco Drive in Fort Lauderdale (Maxim Group, Paterson Project Management)
    Owner of real estate brokerage sells waterfront Fort Lauderdale home for $5M
    Owner of real estate brokerage sells waterfront Fort Lauderdale home for $5M
    arrow_forward_ios

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

    Loading...