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
    Daisy Chaplin and Charles Prince with the property at 6000 North Bay Road (Getty, Google Maps)
    Late Broadway legend Harold Prince’s children settle dispute over family’s North Bay Road mansion
    Late Broadway legend Harold Prince’s children settle dispute over family’s North Bay Road mansion
    John Ruiz sells waterfront Coral Gables mansion for $14M
    John Ruiz sells waterfront Coral Gables mansion for $14M
    John Ruiz sells waterfront Coral Gables mansion for $14M
    I’ll take it: David Martin sells waterfront Miami Beach home to his listing agent
    I’ll take it: David Martin sells waterfront Miami Beach home to his listing agent
    I’ll take it: David Martin sells waterfront Miami Beach home to his listing agent
    Developer Jeff Greene and Dalfen Industrial CEO Murray Dalfen with the complex at 1501 Meathe Drive (Dalfen, CBRE)
    Billionaire Jeff Greene sells West Palm Beach industrial complex for $61M
    Billionaire Jeff Greene sells West Palm Beach industrial complex for $61M
    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
    arrow_forward_ios

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

    Loading...