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Residential
South Florida

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

Seller built the home in 2014

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.

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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.

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Admirals CoveHome SalesJupiter