SafeCard Services founder sells Palm Beach home for $22M

Seller Peter Halmos scored a large settlement in late 1990s

Miami /
Aug.August 20, 2021 09:45 AM
The five bedroom Palm Beach mansion (Realtor via Douglas Elliman)

The five bedroom Palm Beach mansion (Realtor via Douglas Elliman)

A non-waterfront Palm Beach mansion that has been in the same family for more than 36 years sold for $21.5 million, as high-end residential sales continue to soar on the tony island.

Property records show Peter and Vicki Halmos sold the 8,142-square-foot house at 315 Clarke Avenue to PB Island LLC, a Delaware entity that lists a New York address. It appears to be an off-market deal.

Peter Halmos led the Fort Lauderdale-based credit card insurer SafeCard Services as CEO from 1969 to 1990, according to his LinkedIn. He later founded a family foundation that he still leads. In 1997, he settled a lawsuit with the company that purchased SafeCard for $70.5 million, according to the Sun Sentinel.

Halmos Trading & Investment Co. paid $825,000 for the 0.8-acre property in 1985, later transferring ownership to Halmos and his wife.

Built in 1928, the Palm Beach mansion has five bedrooms, seven bathrooms and two half-bathrooms. The property includes a pool.

Luxury home sales have jumped throughout South Florida, but Palm Beach has seen the biggest deals in recent years, especially following the pandemic.

Last month, private equity investor and former Cleveland Browns president, Alec Scheiner, purchased a non-waterfront home in Palm Beach for $6.1 million.

On the ocean, recent deals include the $28.5 million sale of a waterfront property to an IMAX Corp. board member, and developer Todd Michael Glaser’s $85 million purchase of Tarpon Island, which he acquired with a group of partners.





    Related Articles

    arrow_forward_ios
    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
    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
    5760 North Bay Road in Miami Beach (Google Maps)
    Hedge funder sells waterfront North Bay Road mansion for $36M
    Hedge funder sells waterfront North Bay Road mansion for $36M
    Sean Hannity with 9 Sloans Curve Drive (Getty, Google Maps)
    Palm Beach green-lights addition for Sean Hannity’s oceanfront townhouse
    Palm Beach green-lights addition for Sean Hannity’s oceanfront townhouse
    404 East Coconut Palm Road in Boca Raton (Google Maps, Getty)
    Waterfront Boca Raton spec mansion sells for $19M
    Waterfront Boca Raton spec mansion sells for $19M
    (Illustration by The Real Deal; Getty)
    Residential sales fall 30% across South Florida
    Residential sales fall 30% across South Florida
    arrow_forward_ios

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

    Loading...