Moving on up: Wealth manager upgrades to $15M Palm Beach home

Buyer recently sold a house in Palm Beach for $8.6M

Miami /
Jul.July 06, 2021 11:30 AM
Sellers Michael and Cheryl Minikes and buyer David Saloman (Google Maps, Guild Hall, LinkedIn via Salomon)

Sellers Michael and Cheryl Minikes and buyer David Saloman (Google Maps, Guild Hall, LinkedIn via Salomon)

Days after selling a Palm Beach home for nearly $9 million, David Salomon bought a house from a JPMorgan honcho for $14.5 million.

Salomon and his wife, Kimberly, bought the 5,384-square-foot house at 583 North Lake Way from Michael and Cheryl Minikes, records show.

David Salomon is a managing member at New York-based financial advisory firm East End Advisors. He just sold his home at 229 Ridgeview Drive in Palm Beach for $8.6 million.

Michael Minikes is vice chairman of prime brokerage at JPMorgan. He was formerly chairman and president of JPMorgan Clearing Corp. Cheryl Minikes is a board member at arts, entertainment, and education center Guild Hall, as well as of the American Friends of the Israel Museum, according to Guild Hall’s website.

The couple bought the recently sold house for $5.3 million in 2004, records show. Built in 1993, the home has six bedrooms and seven-and-a-half bathrooms and sits on a 1-acre lot.

Paulette Koch and Dana Koch of the Corcoran Group represented the buyer and seller in the off-market deal.

Salomon’s recent sale follows the trend of South Florida buyers repositioning themselves in other parts of the tri-county area.

Among other recent sales in Palm Beach, Averell and Gigi Mortimer bought a home for $7.3 million, and a playwright and novelist sold a home for $18 million.





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