Cliff Fischer sells Bristol condo for $11M
Fischer and his wife, Rhonda, bought a One Royal Palm PH for $15M in September
The founder of commercial real estate firm Clifford & Company sold his West Palm Beach condo to the CEO of a work boot manufacturer for $11.2 million.
Records show Cliff and Rhonda Fischer sold unit 1702 at the Bristol, at 1100 South Flagler Drive, to Alan Lunder. Lunder is president of Black Diamond Group, a performance footwear maker based in Woburn, Massachusetts, known primarily for its work and fire boots.
Linda R. Olsson of Linda R. Olsson had the listing. Dana and Paulette Koch of the Corcoran Group represented Lunder.
Cliff Fischer is the founder and CEO of Dallas-based Clifford & Company. He built the business with his first wife, Gail Fischer, and the pair agreed to split ownership of the company in their August 2019 divorce settlement. Litigation involving the firm and the Fischers continued following what was described in court documents as a “high-conflict divorce proceeding.” Fisher & Company alleged Gail Fischer withdrew $5 million in funds and breached her fiduciary duty to the company, and it was revealed that Cliff Fischer took out a personal loan of $4.8 million to compensate the firm. The court ultimately sided against Gail Fischer twice, dismissing her civil case in April 2021 and her appeal in August 2022.
Rhonda Fischer is the widow of Calvin Howard Wilkins, who was the U.S. ambassador to the Netherlands under former president George W. Bush. She and Cliff Fischer married in 2019.
The couple bought a penthouse in One Royal Palm, a condominium in Palm Beach, for $15 million in September. Cliff Fischer also owns a unit in the President of Palm Beach that he bought for $220,000 in 2011.
Records show the Fischers bought the Bristol unit for $7.7 million in 2021. The 3,800-square-foot condo spans three bedrooms, three bathrooms, and one half-bathroom, according to property records.
The Bristol, a 25-story, 69-unit tower developed in partnership by Gene Golub and Al Adelson of Flagler Investors, was completed in 2019. At the time, it was the first new West Palm Beach condominium in a decade. Amenities include a gym, lounge, pool, dog park, beauty salon and two spas.
In February, financier Robert Garvy and his wife, Carol, sold their unit in the tower for $21 million. Wanxiang America Real Estate, the American real estate division of the Chinese conglomerate, sold a condo for $12 million in December, setting a new price-per-square-foot record for the Bristol.