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Ex-sporting goods mogul sells Palm Beach house, one of island’s trophy listings, for $51M
David Gochman and his family downsized to an El Cid spec home for $9.4M in April
Former sporting goods mogul David Gochman sold his Palm Beach house, one of the island’s trophy listings, for $51.3 million. The deal signals the strength of the island’s ultra-luxury market, even as the season is nearly over.
Records show David and Becky Gochman sold the house at 200 South Ocean Boulevard to WPB Investments 1, a Delaware entity managed by local attorney Bradley McPherson. The true buyer is unknown.
Jim McCann of Premier Estate Properties had the listing, and Phatavahn and Derek Olsen of Douglas Elliman brought the buyer.
David Gochman sold his family’s sporting goods company, Academy Sports & Outdoors, to the private equity firm KKR for $2.1 billion in 2011, according to published reports. He founded Palm Beach-based Inclenberg Investments in 2012. His family’s total net worth was reported at $2.5 billion by Forbes in 2015.
In April, he and his wife downsized to a spec home in West Palm Beach’s El Cid neighborhood for $9.4 million. Becky Gochman, who is an equestrian along with the couple’s two daughters, has also emerged as a major collector of contemporary Indigenous art, according to ArtNews.
The Gochmans bought the 0.9-acre South Ocean Boulevard property for $15.4 million in 2014. They built the 5,800-square-foot house in 2018, records show. It has six bedrooms, five bathrooms, a pool, and is across the street from the beach, according to property records.
They listed it for $59 million in February, making it one of the island’s priciest listings and adding to the heap of trophy properties for sale in Palm Beach. The island has the highest concentration of deals and listings over $50 million of anywhere in the U.S., and despite a slow start to the season, a string of these pricey sales have closed in recent weeks.
Earlier this month, aviation heirs Gary and Darlene Yelvington sold their family’s Palm Beach lakefront mansion for $39 million in an off-market deal. Also this month, interior designer Victoria Hagan and her media mogul husband, Michael Berman, sold an estate off-market for $60.4 million, making it one of the priciest non-waterfront homes ever sold on the island. And developer Bruce Malasky sold a non-waterfront spec mansion, one of the few new construction homes on the market, for $43.7 million.