Her husband may be on tour, but Sybi Kuchar has a new view to enjoy in Tequesta.
The wife of golf pro Matt Kuchar bought a flipped waterfront estate in the northern Palm Beach County enclave for $12.5 million. Records show she bought the home at 11 Dewitt Place from food industry mogul Benjamin Aiello’s 11 Ben’s Place LLC in an off-market deal.
Sybi Kuchar’s husband, Matt Kuchar, launched his professional golf career in 2000, and remains on the PGA Tour. He currently holds the 54th place in the world ranking, and the 47th spot among money leaders.
Aiello is the former owner of Madison, New Jersey-based Gourmet Dining, which provides food service to universities in New York, New Jersey and Pennsylvania. The United Kingdom-based food service conglomerate Compass Group bought the firm in 2014, according to its website. Compass Group’s annual revenue for the year ending in September was $39.9 billion, its website shows.
Aiello and his wife, Bernadette Aiello, are regular investors in Palm Beach County real estate. They sold a waterfront Admirals Cove spec mansion in May for $17.8 million, after buying the land for $9.9 million in 2021. Records show they also own an Admirals Cove condo they bought for $750,000 in 2021.
Aiello bought the 7,100-square-foot Tequesta estate for $11 million in April, records show. Built in 1991 on 2.1 acres, it was renovated and expanded in 2011, a previous listing shows. The compound includes a six-bedroom main house, a two-bedroom guest house and a total of 10 bathrooms and one half-bathroom. The estate also has a pool, library, tennis court, private beach and dock, according to the listing.
With the latest sale, Aiello’s flip equates to $1.5 million, or nearly 14 percent in price growth in nine months.
For Kuchar, the waterfront compound is a second Palm Beach County home. Records show she also owns a condo in the gated golf community the Bear’s Club, which she bought last year for $6 million.
Northern Palm Beach County’s luxury real estate market is a magnet for pro golfers and their families. Justin Thomas, who won the PGA Championship in 2017 and 2022, bought a waterfront spec mansion in Jupiter for $13.5 million in 2022. He sold a smaller Jupiter home for $3.1 million in July. Pro golfer Dustin Johnson bought an Admirals Cove home for $14 million in 2021.