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Uprooting: Asplundh tree trimming scion sells Palm Beach home for $7M
Buyers are also rooted in the tree business
A scion of the Willow Grove, Pennsylvania-based Asplundh tree trimming company sold her Palm Beach home for $6.5 million.
Property records show Jacqueline Asplundh, the granddaughter of Asplundh Tree Expert Company’s founder, the late Carl Hjalmar Asplundh, sold the home at 234 List Road to a Massachusetts entity led by Timothy LaMotte and Philip S. Cambo.
The 2,809-square-foot house sits on little more than a quarter of an acre. It was built in 1968 and has four bedrooms and three full bathrooms. It last sold for $1.1 million in 2011, when Asplundh bought it from other members of her family according to property records.
Cambo and LaMotte are both presidents at Wilbraham, Massachusetts-based Northern Tree Service, a tree care and landscape management company focusing on New England, New York and Rhode Island, according to LinkedIn profiles and the company website.
Asplundh Tree Expert Company was founded in 1928 by Carl, Lester and Griffith Asplundh, and specializes in trimming trees and providing emergency services following a natural disaster. The company has grown to 33,000 employees throughout the U.S., Canada, Australia and New Zealand, according to its website.
Other members of the Asplundh family have homes in South Florida as well. In October, a trust co-managed by Carl Asplundh Jr. III paid $5.3 million for a waterfront house in Tequesta.
The sales underscore the desirability of Palm Beach’s residential market.
This month, the founder of Fiji Water sold a mansion for 44.9 million, and a Chicago real estate chief flipped a Palm Beach home for $15.5 million — $6.2 million more than the purchase price less than a year ago.
In February, the former ambassador to Brazil and the Netherlands bought an oceanfront townhouse for $7.5 million. And Todd Michael Glaser and his partners bought a waterfront mansion for $53 million with plans to relist it for $115 million.