Mexican construction tycoon sells Palm Beach mansion for $23M
Seller listed the home for nearly $26M
Mexican construction entrepreneur Maximo Haddad sold a nearly 11,000-square-foot mansion in Phipps Estates in Palm Beach for $23 million.
Records show Haddad-led 228 Las Brisas Corporation sold the two-story home at 228 Via Las Brisas to 228 Via Las Brisas LLC, a Florida corporation led by Dan E. Swanson.
Swanson and his wife, Karen Swanson, head the West Palm Beach-based development firm Addison Development, which developed the Phipps Estates neighborhood, according to its website. The house was built in 1996, records show.
Haddad was, at one point, the president of Panamanian construction company Pycsa, according to a document from the United States Court of Appeals for the Eleventh CIrcuit.
Haddad, as Max and Jill Corporation, purchased the home from Dan Swanson, as Phipps Lot 2 Corp., for $1.3 million in 1997. Records show Haddad later changed the name of his corporation to 228 Las Brisas Corporation that same year.
Palm Beach County property records show Haddad made additions to the house and added amenities, including a tennis court, in 1997.
The property was listed in January, asking $25.5 million. Jim McCann of Premier Estates Properties brokered the deal.
The 10,789-square-foot mansion has eight bedrooms, seven full bathrooms and six half-bathrooms, according to the listing. The home also features a pool, cabana and a four-car garage.
In another recent $20 million-plus Palm Beach sale, an oceanfront townhome sold for $26.1 million.
Also recently in Palm Beach, the former president of Hyatt Hotels Corp. bought a home for $5.6 million, and Fox News host Sean Hannity bought a townhome for $5.3 million.