San Francisco hedge fund manager sells waterfront Gulf Stream estate for $33M

14K sf mansion was once owned by British millionaire philanthropist Peter Lampl

Miami /
Mar.March 07, 2022 05:30 PM

William Oberndorf in front of 3545 North Ocean Boulevard in Gulf Stream (The Corcoran Group, The American Federation for Children)

An entity tied to a San Francisco hedge fund manager sold a waterfront estate in Gulf Stream for $33 million.

3545 North Ocean Trust, managed by Palm Beach attorney Guy Rabideau, bought the 14,000-square-foot mansion at 3545 North Ocean Boulevard, according to records. The seller, Gulf Stream Ocean Properties FL, is managed by Gary Clinton Scheier.

3545 North Ocean Boulevard in Gulf Stream (The Corcoran Group)

Scheier is CFO of Oberndorf Enterprises, a San Francisco-based, family-owned investment fund led by William Oberndorf, according to Crunchbase and Bloomberg.

Candace and Phillip Friis with The Corcoran Group represented the seller. Candace Friis, who also represented the buyer, declined to comment about the identities of the seller or the trust that acquired the six-bedroom, six-and-a-half-bathroom estate.

The deal closed one day after the mansion hit the market with an asking price of $34 million, according to Zillow.

“The property is phenomenal,” Candace Friis said. “We have an incredible network of buyers and sellers, and we were able to pair them based on the network we have developed over time.”

Gulf Stream Ocean Properties FL, which also has the same corporate address as Oberndorf’s fund, paid $14.2 million for the nearly 2-acre property in 2018, records show. At the time, the seller was British millionaire philanthropist Peter Lampl, who had listed the estate for $21 million.

Built in 1958, the mansion features a study, media room, master wing, staff quarters, a three-car garage, a putting green and a pool, the Zillow listing states. The property is nearly double the average size of oceanfront lots in Gulf Stream, with 230 feet of ocean frontage, the listing states.

In addition to leading his hedge fund, Oberndorf is chairman of the American Federation for Children and the American Federation for Children Growth Fund, two of the country’s largest pro-charter school advocacy organizations, according to the federations’ websites. Last year, he also contributed $600,000 to political action committees that supported the recall of three San Francisco school board members and the city’s district attorney, according to published reports.

Gulf Stream, in Palm Beach County, attracted some high-profile buyers last year. Joe Walsh, CEO and president of Dallas-based software company Thryv, and his wife bought an oceanfront home for $12.6 million. And David Gibbs, CEO of Yum! Brands, owner of KFC, Pizza Hut and Taco Bell, and his wife bought a waterfront house for $8.5 million.





    Related Articles

    arrow_forward_ios
    rendering of the Nautilus 220 condo project with Developers Daniel Kodsi of Royal Palm Companies and Peter Baytarian, managing partner at Forest Development (LinkedIn, Forest Development, VS Studios)
    Forest Development, Royal Palm nab $269M condo construction loan
    Forest Development, Royal Palm nab $269M condo construction loan
    Kaufman's Michael Kaufman with 3185 South Congress Avenue (Kaufman, Google Maps)
    Kaufman Lynn sells Delray Beach HQ for $10M, but firm won’t relocate
    Kaufman Lynn sells Delray Beach HQ for $10M, but firm won’t relocate
    Ilya Karpov with 3026 North Bay Road
    Russian mogul Ilya Karpov buys waterfront North Bay Road home for $14M
    Russian mogul Ilya Karpov buys waterfront North Bay Road home for $14M
    13th Floor's Arnaud Karsenti and Wexford's Joseph Jacobs and Philip Braunstein with rendering of The Residences of Palm Beach West (13th Floor Investments, Wexford Real Estate Investors, Arquitectonica)
    13th Floor, Wexford propose 25-story tower in downtown West Palm
    13th Floor, Wexford propose 25-story tower in downtown West Palm
    Long Light Capital's Justin Korsant with 45 East Dilido Drive (Getty, Mike Ruiz)
    Third time’s the charm: Waterfront Venetian Islands home flips for record $4,900 psf
    Third time’s the charm: Waterfront Venetian Islands home flips for record $4,900 psf
    Julie Jones (Florida Luxurious Properties)
    Top Broward broker Julie Jones joins Douglas Elliman
    Top Broward broker Julie Jones joins Douglas Elliman
    Google Street View of the properties at 551 Southeast Eighth Street and 551 Southeast Fifth Avenue in Delray Beach with CDS International Holdings founder Carl DeSantis (Google Maps, CDS Holdings)
    Celsius energy drink investor Carl DeSantis pays $25M for Delray Beach offices
    Celsius energy drink investor Carl DeSantis pays $25M for Delray Beach offices
    José Isaac Peres with 57 Ocean penthouse (Multiplan Real Estate Asset Management, 57 Ocean, iStock)
    Brazilian billionaire developer’s 57 Ocean PH sells for record $37M
    Brazilian billionaire developer’s 57 Ocean PH sells for record $37M
    arrow_forward_ios

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

    Loading...