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

Miami /
Nov.November 08, 2021 06:09 PM
Real estate agent Gary Pohrer buys oceanfront Palm Beach home for $6M

Gary Pohrer and 1356 N Ocean Blvd, Palm Beach (Palm Beach County Appraiser, Elliman)

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.





    Related Articles

    arrow_forward_ios
    The Main Las Olas office tower, One Flagler office tower, and Plantation Pointe office complex (The Main Las Olas, Related Southeast, Google Maps)
    A tale of two office markets: Broward vacancies rose while Palm Beach County’s declined
    A tale of two office markets: Broward vacancies rose while Palm Beach County’s declined
    (iStock/Illustration by Kevin Rebong for The Real Deal)
    December residential sales fall in Broward and Palm Beach counties, rise in Miami-Dade
    December residential sales fall in Broward and Palm Beach counties, rise in Miami-Dade
    Joel L. Altman, chairman and co-chief executive officer; Seth M. Wise, co-chief executive officer; and rendering of the Altís Blue Lake apartment community being developed in Palm Beach County, near Wellington and Lake Worth Beach (Altman Companies)
    Altman pays $14M for golf course development site near Lake Worth Beach
    Altman pays $14M for golf course development site near Lake Worth Beach
    Donald Trump and The Mar-a-Lago Club in Palm Beach (Getty Images, LoopNet, iStock/Illustration by Steven Dilakian for The Real Deal)
    Trump’s toilet triumph: Guests of the former No. 1 will have more places to go No. 2
    Trump’s toilet triumph: Guests of the former No. 1 will have more places to go No. 2
    From left: Eric Witmondt, chief executive officer, Woodmont Properties and Donald Witmondt, chairman, Woodmont Properties (Woodmont Properties, LoopNet)
    Woodmont plans eight warehouses at Palm Beach Park of Commerce
    Woodmont plans eight warehouses at Palm Beach Park of Commerce
    Midtown Capital Partners nabs West Palm business park for $37M
    Midtown Capital Partners nabs West Palm business park for $37M
    Midtown Capital Partners nabs West Palm business park for $37M
    From left: Alex Rodriguez and Barry Sternlicht (Getty Images, Starwood Capital Group, iStock)
    Starwood, A-Rod and partner buy South Florida single-family rentals to add to portfolio
    Starwood, A-Rod and partner buy South Florida single-family rentals to add to portfolio
    11349 Old Harbour Rd, North Palm Beach (Google Maps)
    Chicago real estate honcho buys waterfront home near North Palm Beach for $17M
    Chicago real estate honcho buys waterfront home near North Palm Beach for $17M
    arrow_forward_ios

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

    Loading...