Trans Am champ pulls into Palm Beach Gardens mansion for $9M

Homebuilder Mads Thomsen sold the estate

Simon Gregg with the property (Trans Am)
Simon Gregg with the property (Trans Am)

Trans Am Series driver Simon Gregg, son of the late racing champion Peter Gregg, bought a new waterfront mansion in Palm Beach Gardens.

Gregg paid nearly $9 million for the five-bedroom home at 14844 Palmwood Road, according to a press release. Property records show Mads Thomsen, a luxury homebuilder in Palm Beach, sold the 11,372-square-foot house.

The home sold for nearly $1,500 a per square foot, a record in Palm Beach Gardens, according to the release. Jennifer Hyland of Illustrated Properties’ Peters & Hyland group represented the seller, while Compass agent Holly Meyer Lucas brought the buyer.

It was listed for $9.4 million.

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Simon Gregg is a three-time Trans Am champion who recently announced plans to launch the Peter Gregg Foundation and the Peter Gregg Gallery in Jacksonville. His father, a 22-race winner, was married to Jennifer Johnson of the Johnson & Johnson family.

Records show Thomsen paid $1.4 million for the property in 2014 and completed the house in 2018. The half-acre property features a gated driveway leading to a motor court, a three-car garage, a pool, boat dock and new seawall, and 100 feet of frontage on the Intracoastal Waterway.

Golf great Greg Norman and his wife, Kiki, recently paid $12.2 million for a home in Palm Beach Gardens.

A number of race car drivers have long called South Florida home. Former Formula 1 driver and spec home developer Eddie Irvine recently sold a waterfront home on the Venetian Islands in Miami Beach for $17.1 million.

In October, Extreme Speed Motorsports owner and driver Scott Sharp sold his waterfront home in North Palm Beach for $5.3 million.