Real estate and private equity investor sells waterfront home in Jupiter for $8M

Seller built the home in 2014

Miami /
Jul.July 09, 2021 10:30 AM
Mike Odrich and Steven B. Fader with 113 Spinnaker Lane, Jupiter (Google Maps)

Mike Odrich and Steven B. Fader with 113 Spinnaker Lane, Jupiter (Google Maps)

The founder and chairman of a real estate and private equity investment firm sold a waterfront home in Jupiter’s Admirals Cove for $8 million.

SBFC Holdings III LLC, a Maryland corporation managed by Steven B. Fader, sold the house at 113 Spinnaker Lane. The buyer is Trish Odrich, records show.

Fader is the co-founder and chairman of Towson, Maryland-based Atlantic Capital Group. According to its website, he is also the CEO of Atlantic Automotive Corporation and Hall Automotive LLC.

Odrich is married to Mike Odrich, a managing partner and founder of Alvarez & Marsal Capital, a private equity investment firm based in Greenwich, Connecticut. Previously, he was head of the private equity business at Lehman Brothers Holdings, according to A&M Capital’s website.

Fader bought the Jupiter home for $1.9 million in 2012, records show. In 2012, he demolished the former house on the property, and started constructing a new home the following year. The existing, 6,779-square-foot house was finished in 2014, according to Palm Beach County records.

It was listed in August 2020 for $8.9 million. Thomas Frankel with Admirals Cove Realty Company brokered the deal.

The two-story house features five bedrooms and six-and-a-half bathrooms.

Other sales this year in Admirals Cove include a former professional race car driver selling a waterfront mansion for $24 million, Eric and Lara Trump buying a home for $3.2 million, and a Minor League Baseball team owner selling his mansion for $10 million.





    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
    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
    Two Roads Development’s Reid Boren and Taylor Collins with Frisbie Group’s Dave, Rick and Robert Frisbie Sr. and renderings of South Flaglar House (Two Roads Development, Frisbie Group, The Boundary with Noe & Associates, Getty)
    Two Roads’ suit spells trouble for Frisbie’s West Palm condo project
    Two Roads’ suit spells trouble for Frisbie’s West Palm condo project
    Edna Buchanan with 400 W San Marino Drive
    Crime writer Edna Buchanan sells Venetian Islands home for $12M
    Crime writer Edna Buchanan sells Venetian Islands home for $12M
    The property at 15998 Walgreens Drive near Jupiter with MG3 Group’s Marcelo Saiegh, Gustavo Bogomolni and Hernan Leonoff (CBRE, MG3 Developer)
    MG3 drops $78M for Walgreens distribution facility near Jupiter
    MG3 drops $78M for Walgreens distribution facility near Jupiter
    arrow_forward_ios

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

    Loading...