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
    South Florida residential sales rose in August, but single-family closings fell across the tri-county region. (iStock)
    South Florida single-family home sales decline in August as inventory shrinks
    South Florida single-family home sales decline in August as inventory shrinks
    Jason Capello and 1404 North Lake Way
    Hedge funder shells out $31M for waterfront Palm Beach spec mansion
    Hedge funder shells out $31M for waterfront Palm Beach spec mansion
    Happiness begins in Miami: Joe Jonas, Sophie Turner buy Bay Point mansion
    Happiness begins in Miami: Joe Jonas, Sophie Turner buy Bay Point mansion
    Happiness begins in Miami: Joe Jonas, Sophie Turner buy Bay Point mansion
    Scottie Pippen and the Fort Lauderdale house (Getty, Compass)
    Slam dunk: Scottie Pippen sells waterfront Fort Lauderdale mansion for nearly $11M
    Slam dunk: Scottie Pippen sells waterfront Fort Lauderdale mansion for nearly $11M
    3301 Quantum Boulevard in Boynton Beach and Apex Capital Investments CEO John Gaghan (JLL, Apex)
    Apex Capital pays $37M for Boynton Beach office building
    Apex Capital pays $37M for Boynton Beach office building
    Heath Freeman, managing director of Alden Global Capital, and the house at 3503 Lodge Drive in Coconut Grove, Miami (Getty, Compass / Brown Harris Stevens)
    “Hedge fund vampire” bites into waterfront Coconut Grove mansion for $19M
    “Hedge fund vampire” bites into waterfront Coconut Grove mansion for $19M
    Hyperion Group CEO Rob Vecsler, Starwood Capital CEO Barry Sternlicht and a rendering of 350 South Australian Avenue (M18 PR, Wikimedia)
    Starwood acquires stake in West Palm Beach development site
    Starwood acquires stake in West Palm Beach development site
    Ex-Sagamore Hotel owners set North Miami record with $11M home sale
    Ex-Sagamore Hotel owners set North Miami record with $11M home sale
    Ex-Sagamore Hotel owners set North Miami record with $11M home sale
    arrow_forward_ios

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

    Loading...