Financial adviser and interior designer buy waterfront West Palm Beach house for $7M

Buyers sold their home in Palm Beach for $11.4M days earlier

Nicholas and Caroline Rafferty and 6709 South Flagler Drive, West Palm Beach (Getty/Patrick McMullan, Google Maps)
Nicholas and Caroline Rafferty and 6709 South Flagler Drive, West Palm Beach (Getty/Patrick McMullan, Google Maps)

A vice president at an investment firm and his interior designer wife paid $6.8 million for a waterfront West Palm Beach home, just days after selling their house in Palm Beach for $11.4 million.

Nicholas and Caroline Rafferty bought the house at 6709 South Flagler Drive from Greg and Monica Oberting, records show.

Nicholas K. Rafferty is a vice president and client adviser at Stamford, Connecticut-based Chilton Investment Company, which has an office in Palm Beach, according to its website. Caroline C. Rafferty is the founder of Caroline Rafferty Interiors, an interior design company in Palm Beach.

Greg Oberting is president and CEO of Rail Modal Group, a Minot, North Dakota-based operator of intermodal rail service. He is also president and CEO of Interstate Commodities, a Troy, New York-based commodities seller that filed for Chapter 11 bankruptcy protection in August. Oberting and his wife purchased the home in early 2019 for $2.8 million.

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The property was first listed for $5 million in August of last year. The most recent asking price was $5.5 million in May. John H. Stewart with Brown Harris Stevens represented the sellers, and Blair Kirwan of the same brokerage represented the buyers.

The 6,706-square-foot house has five bedrooms and five-and-a-half bathrooms. The property also features an elevator, three-car garage, a pool and a dock with a 20,000-pound lift, according to the listing.

The Raffertys sold their 5,708-square-foot home in Palm Beach for $11.4 million, days before buying this West Palm Beach home, records show.

Other recent sales in West Palm Beach include Joseph J. Plumeri buying a condo at The Bristol for $16.5 million, an heir to the Annenberg publishing family selling a unit at The Bristol for $7.8 million, and the CEO of a Canadian financial services company selling a condo at the same building for $6.6 million.