AshBritt founder drops $21M on oceanfront Delray Beach mansion

Buyer Randal Perkins owns the house next door

AshBritt's Randal Perkins and 111 South Ocean Boulevard in Delray Beach (Google Maps)
AshBritt's Randal Perkins and 111 South Ocean Boulevard in Delray Beach (Google Maps)

The founder of AshBritt Environmental, a national disaster response and environmental services contractor, bought an oceanfront mansion in Delray Beach for $21.1 million.

Records show Thomas and Michelle Marra, individually and as trustees of a land trust, sold the home at 1111 South Ocean Boulevard to 1111 Ocean LLC, a Delaware corporation managed by Randal Perkins. His entity borrowed $10.6 million from First Horizon Bank, records show.

Perkins is the founder and chairman of Deerfield Beach-based AshBritt Environmental, which he founded in 1992. AshBritt has been a contractor for the U.S. Army Corps of Engineers for 20 years, including handling the largest single contract for debris cleanup ever, in the aftermath of Hurricane Katrina, according to its website. The company is currently the corps of engineers’ prime contractor in 10 states.

Perkins owns the house next door at 1141 South Ocean Drive in Delray Beach, records show.

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Thomas Marra is chairman and CEO of Symetra Financial, a Bellevue, Washington-based life insurance company.

The Marras bought the 13,712-square-foot mansion in 2015 for $15.5 million, records show. The property was listed in February with an asking price of $23.5 million. Nick Malinosky of Douglas Elliman brokered the deal.

Property records show the three-story mansion has seven bedrooms, 10 full bathrooms, and four half-bathrooms. The nearly half-acre property features a theatre, gym, an eight bay garage and 120 feet of ocean frontage, according to the listing.

This year in Delray Beach, actor Kevin James bought an oceanfront estate for $14 million, an investment banker spent $5.1 million on a spec home, and the estate of the late CEO of Walmart sold a beachfront home for $8.4 million.