Transportation titan buys Boca Raton home for $7M

Buyer Harold Groome Jr. downsized from a Boca waterfront mansion he sold in January

Miami /
Mar.March 21, 2022 03:30 PM

Seeman Holtz’s Marshal Seeman with 1300 Thatch Palm Drive (LinkedIn, Goggle Maps)

A transportation guru downsized from a Boca Raton waterfront mansion to a non-waterfront house, buying it from a local insurance chief who is embroiled in litigation.

Property records show Marshal and Karen Seeman sold the home at 1300 Thatch Palm Drive to Harold V. Groome Jr. for $7.4 million.

Marshal Seeman is president and co-founder of Boca Raton-based Seeman Holtz, a property and casualty insurance company he co-founded in 1998, according to his LinkedIn profile.

Seeman Holtz faces allegations of bilking eldery retirees of more than $300 million. In October, Palm Beach County Circuit Judge Ashley Zuckerman appointed a Fort Lauderdale financial services company to peer into Seeman Holtz’s financial practices, the Palm Beach Post reported at the time. An attorney for the company denied the allegations, according to the publication. A hearing is set for May, court records show.

Court records show that American Express filed suit against Seeman in October, alleging he defaulted on his American Express account and owes more than $225,000. The legal fight is ongoing.

Groome is chairman of Richmond, Virginia-based transportation company Groome Transportation, which provides airport shuttle services across the country.

The 5,979-square-foot house sits on a quarter-acre and comes with four bedrooms, five full bathrooms, and one-half bathroom, records show. It was built in 2014. The Seemans bought the newly built home that same year for $4.8 million, records show.

David W. Roberts with Royal Palm Properties represented the sellers in the latest deal. Louise Albert with RE/MAX Consultants Realty I represented the buyer, according to Realtor.

The property has been on and off the market for months. It was listed in May for $8.7 million. The price fell to $7.9 million in July, and the house was removed from the market in November. It was listed again on March 15 for $7.4 million and sold for full price, according to Realtor.com.

Groome has bought and sold property in Boca Raton before.

In 2019, Groome bought the waterfront mansion at 484 South Maya Palm Drive for $11.5 million, which he sold in January for $17.3 million, records show.

Boca Raton continues to see luxury sales close at a rapid clip. This month, 18-year-old rapper Bhad Bhabie bought a mansion near Boca Raton from an NFL free agent for $6.1 million.

Last month, the founder of New York City-based Precision Capital Partners bought a waterfront mansion for $7 million, and a rock salt magnate’s wife paid $6.3 million for a waterfront home.





    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
    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
    Real estate investor Michael Klinger and 56 Bal Bay Dr, Bal Harbour (Zillow, Jon Mann/Jills Zeder Group)
    Investor buys waterfront Bal Harbour mansion for $15M, plans to renovate it and flip it for $30M
    Investor buys waterfront Bal Harbour mansion for $15M, plans to renovate it and flip it for $30M
    arrow_forward_ios

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

    Loading...