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

Homebuilder Mads Thomsen sold the estate

Miami /
Apr.April 20, 2021 11:30 AM
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.

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.






    Related Articles

    arrow_forward_ios
    Eric and Lara Trump with 502 Bald Eagle Drive in Jupiter (Getty, Google Maps)
    Trump town: Eric and Lara buy home near Don Jr. in Jupiter
    Trump town: Eric and Lara buy home near Don Jr. in Jupiter
    Dave Portnoy with the Morningside home (Getty, 5811 North Bayshore Drive/Dora Puig)
    Barstool Sports founder revealed as buyer of record $14M waterfront home in Miami’s Morningside
    Barstool Sports founder revealed as buyer of record $14M waterfront home in Miami’s Morningside
    Victor Oladipo joined the Miami Heat earlier this year. (Getty)
    Miami Heat’s Victor Oladipo buys non-waterfront Miami Beach spec home for $8M
    Miami Heat’s Victor Oladipo buys non-waterfront Miami Beach spec home for $8M
    ABS National Business Parks manager Gregg Schenker, Stiles CEO Kenneth Stiles and Garden Plaza in Palm Beach Gardens (CBRE, Stiles, ABS)
    Stiles sells Palm Beach Gardens office complex for $31M
    Stiles sells Palm Beach Gardens office complex for $31M
    Tommy Hilfiger and Grant Cardone with 605 Ocean Boulevard (Getty)
    Tommy Hilfiger selling waterfront South Florida mansion to Grant Cardone for $28M: sources
    Tommy Hilfiger selling waterfront South Florida mansion to Grant Cardone for $28M: sources
    Tomo Kipp, LeBron James, Jeff Conry and the Crystal View Court Mansion. (Getty, iAero, Compass)
    Former Coconut Grove mansion of LeBron James sells for $13M
    Former Coconut Grove mansion of LeBron James sells for $13M
    Major Food Group's Jeffrey Zalaznick and Mike Piazza with the Miami Beach mansion (Getty, The Jills – Photography by Luxhunters)
    Hall of Famer Mike Piazza sells waterfront Miami Beach mansion to Major Food Group partner
    Hall of Famer Mike Piazza sells waterfront Miami Beach mansion to Major Food Group partner
    Ava F. Roosevelt (Getty, Google Maps)
    Widow of FDR’s grandson sells Palm Beach home
    Widow of FDR’s grandson sells Palm Beach home
    arrow_forward_ios

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

    Loading...