Real estate agent Gary Pohrer buys oceanfront Palm Beach home for $6M
Douglas Elliman agent went under contract even before his wife had a chance to see the property
UPDATED, Nov. 11, 10:05 a.m.: Real estate agent Gary Pohrer carved out a little piece of Palm Beach paradise for himself with a multimillion-dollar purchase of an oceanfront property.
Pohrer and his wife, Kelly Jean, bought the home at 1356 North Ocean Boulevard from Wolf Von Falkenburg for nearly $5.8 million, records show.
Pohrer said they jumped on the opportunity the moment it was available — and that the window of opportunity to buy was small. He said his wife didn’t even have the chance to see the property before they put it under contract.
He said he was drawn to the fact that it was an oceanfront site on which they can build a cabana.
“I never thought I’d have the opportunity to live on the waterfront,” Pohrer said.
Pohrer, a Douglas Elliman agent, has closed $800 million in real estate sales in the past 18 months alone, according to Elliman.
In March, Douglas Elliman named Pohrer and the Alexander Team their top real estate agents in Florida. The brokerage said it closed nearly $7 billion in sales volume in the state in 2020, a 32 percent annual increase.
The 3,305-square-foot home is on a quarter-acre lot, according to Realtor.com. Built in 1966, the house has four bedrooms, four full bathrooms and one half-bath. It last sold for just under $3.3 million in 2011, records show.
Pohrer said they intend to live in their new home. The couple sold their previous Palm Beach house, at 260 El Pueblo Way, to 260 EL Pueblo Way LLC, for $7.3 million in July, according to records.
Pohrer had the listing for that sale, and also represented the buyer.
In the latest sale, Von Falkenburg sold the home as an individual and as trustee of the Wolfgang Von Falkenburg Revocable Trust. In 2017, Falkenburg also sold a home at 1178 North Ocean Boulevard in Palm Beach for $10.6 million. That 4,081-square-foot house once belonged to Standard Oil heiress Anne Terry Pierce McBride.
The South Florida housing market has been on fire in recent months, as inventory for luxury homes falls short of ravenous demand.
This month In Palm Beach, a private equity honcho sold the house at 216 Angler Avenue for $23.3 million.
In September, a hedge fund manager purchased a waterfront spec mansion at 1404 North Lake Way for $30.7 million.
In February, a Palm Beach developer seeking to take advantage of the extraordinarily hot market listed his spec mansion for $84 million.