Ex-Cleveland Browns president scores Palm Beach home

It sold for just $100K below ask

Miami /
Jul.July 30, 2021 03:25 PM
Alec Scheiner, former Cleveland Browns president, with 249 Sandpiper Drive in Palm Beach  (RedBird Capital, Sotheby's International Realty)

Alec Scheiner, former Cleveland Browns president, with 249 Sandpiper Drive in Palm Beach (RedBird Capital, Sotheby’s International Realty)

Private equity investor and former Cleveland Browns president, Alec Scheiner, purchased a home in Palm Beach.

Scheiner, who was also previously senior vice president of the Dallas Cowboys, paid $6.1 million for the four-bedroom, three-bathroom home at 249 Sandpiper Drive. A Delaware entity led by attorney Maura Ziska sold the 4,140-square-foot house.

Scheiner is a partner at RedBird Capital Partners, where he leads investing and advisory work for the firm’s sports practice, including RedBird’s investment in Fenway Sports Group, according to the company’s website.

Christine Gibbons with Sotheby’s International Realty represented the seller in the Palm Beach deal. Lilly Leas of Brown Harris Stevens represented the buyer, according to Realtor.com.

The Bermuda-style house, built in 1969, sits on a nearly 0.3-acre lot with a circular driveway and a two-car garage. It was on the market for $6.2 million and previously sold for $2.1 million in 2013.

The market for single-family homes has exploded in Palm Beach, where there is now very limited inventory.

In the second quarter, single-family closings rose 90 percent compared to the same period last year, to 57 sales. Just 25 listings remained at the end of the quarter, according to Douglas Elliman’s reports.

Luxury home developer Todd Michael Glaser and his partners recently flipped an oceanfront Palm Beach home for $28.5 million. They paid $12.6 million for the four-bedroom, 6,124-square-foot house in January, and it is now under construction to become a six-bedroom, 7,589-square-foot home.

Earlier this month, Thomas Iovino, the founder of a construction company, bought the spec mansion at 259 Pendleton Avenue in Palm Beach for $18 million.






    Related Articles

    arrow_forward_ios
    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
    Ex-Miami Dolphins defensive end Andre Branch with the $6 million property (Getty, The Jills Zeder Group)
    Ex-Miami Dolphins player sells non-waterfront Miami Beach home for $6M
    Ex-Miami Dolphins player sells non-waterfront Miami Beach home for $6M
    9408 Bay Drive
    Waterfront Surfside home that set record in January flips for 20% gain
    Waterfront Surfside home that set record in January flips for 20% gain
    Jorge and Darlene Pérez with the home (Compass, Getty)
    Billionaire developer Jorge Pérez sells Coconut Grove mansion for $33M, donates proceeds
    Billionaire developer Jorge Pérez sells Coconut Grove mansion for $33M, donates proceeds
    Bar Invest Group CEO Jacques Barbera and MV Group USA CEO Manny Varas with 440 Costanera Road (Bar Invest Group, MV Group USA)
    Builder sells his Cocoplum home to Bar Invest CEO for $16M
    Builder sells his Cocoplum home to Bar Invest CEO for $16M
    John Ruiz with 530 Arvida Parkway (LPG for One Sotheby’s International Realty, John Ruiz)
    Fresh off Lionheart SPAC merger, John Ruiz drops $25M on Gables Estates mansion
    Fresh off Lionheart SPAC merger, John Ruiz drops $25M on Gables Estates mansion
    Jennifer Valoppi and Christian de Berdouare with 5004 North Bay Road (Getty, LPG/Douglas Elliman)
    Flying the coop: Chicken Kitchen owner sells waterfront Miami Beach spec mansion for $30M
    Flying the coop: Chicken Kitchen owner sells waterfront Miami Beach spec mansion for $30M
    PKWare CEO Spencer Kupferman with the Bay Harbor Islands home (PKWare, Compass via Douglas Elliman)
    Software honcho pays record $13M for waterfront Bay Harbor Islands home
    Software honcho pays record $13M for waterfront Bay Harbor Islands home
    arrow_forward_ios

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

    Loading...