Auto insurance honcho buys West Palm Beach mansion for $10M

House was built in 2008

Miami /
Jul.July 08, 2021 08:45 AM
The $10 million West Palm Beach property (Douglas Elliman)

The $10 million West Palm Beach property (Douglas Elliman)

The owner of an auto insurance and tax service company bought a mansion in West Palm Beach for $10.2 million, The Real Deal has learned.

John Rost bought the home at 3400 North Flagler Drive, according to sources. Palm Beach County records show Freda L. Sanderson sold the property.

According to his Linkedin page, Rost is chairman of Fiesta Auto Insurance, a Compton, California-based company. He was CEO from 1999 to 2018.

Records show Sanderson and her former husband, Owen Sanderson, purchased the property for $895,000 in 2000. The two divorced in 2007, Palm Beach county records show. Freda Sanderson became the sole owner in 2008.

The Sandersons first filed a notice of commencement in 2002 to construct a new house. They filed another notice of commencement in 2008 to build a new home and to make interior and exterior renovations. The 9,582-square-foot house was finished in 2010.

Ashley McIntosh of Douglas Elliman represented the seller, and Scott Diamond represented the buyer.

The house has four bedrooms, six full bathrooms and two half-bathrooms, according to property records.

In March 2020, Rost flipped his waterfront estate in Miami Beach for $7.3 million, after buying it months earlier for $7.2 million.

Other sales in West Palm Beach this year include a vice president of an investment firm buying a waterfront home for $6.8 million, and a former vice chairman of a financial technology company paying $16.5 million for a condo at The Bristol.





    Related Articles

    arrow_forward_ios
    Thea Stinnett with 5261 Laredo Way (Heathman Farm, Google Maps)
    JM Family exec buys Wellington equestrian estate for $12M
    JM Family exec buys Wellington equestrian estate for $12M
    4400 Sanctuary Lane, Boca Raton; RedCon1's Aaron Singerman and Darielle Singerman (RedCon1, Zillow, Getty)
    Supplements mogul sells waterfront Boca Raton mansion for $10M
    Supplements mogul sells waterfront Boca Raton mansion for $10M
    Related Companies' Stephen Ross and Related Group's Jorge Pérez (Getty; Illustration by Kevin Rebong for The Real Deal)
    End of a Related era: Steve Ross confirms split with Jorge Pérez as firms expand in South Florida
    End of a Related era: Steve Ross confirms split with Jorge Pérez as firms expand in South Florida
    Dion De Cesare with 900 North Congress Avenue (Google Maps, Broward County, Getty)
    Criminally charged ex-West Palm club owner’s properties face forfeiture
    Criminally charged ex-West Palm club owner’s properties face forfeiture
    Affiliated Development’s Nick Rojo and Jeff Burns with a rendering of 2501 Spruce Avenue (Affiliated Development, Rinka)
    Affiliated aiming higher on West Palm rental project
    Affiliated aiming higher on West Palm rental project
    Berry Aviation's Sonny Berry with 109 Schooner Lane
    Aviation founder Sonny Berry sells waterfront Jupiter home for $11M
    Aviation founder Sonny Berry sells waterfront Jupiter home for $11M
    71 Curlew Road and James and Kimberly Caccavo (LinkedIn, Steelpoint Capital Partners, Google Maps)
    PE boss James Caccavo drops $11M on waterfront Manalapan spec home
    PE boss James Caccavo drops $11M on waterfront Manalapan spec home
    The late Ralph Halpern and 617 East Dilido Drive (Google Maps, Getty)
    Topshop founder’s waterfront Miami Beach home sells for $15M
    Topshop founder’s waterfront Miami Beach home sells for $15M
    arrow_forward_ios

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

    Loading...