Conair scion Leandro Rizzuto Jr. closed a trio of luxury residential deals in Boca Raton totaling $35.5 million.
The flurry of activity is unusual for August, typically one of the slowest months for South Florida’s real estate market. Rizzuto sold two homes, one for $7 million and one for $10 million, and bought a mansion for $18.5 million.
He is the son of Leandro Rizzuto Sr., the founder of hair care products giant Conair who died in 2017 with a $3.5 billion net worth, according to Forbes. The younger Rizzuto has worked as a Conair executive for most of his life, according to published reports. He also served as U.S. Consulate General in Hamilton, Bermuda during the Trump presidency, after his nomination to the U.S. Ambassador role in Barbados failed in the Senate, according to published reports.
Records show Rizzuto bought the mansion at 169 West Key Palm Road from Donald and Kelley Jenkins for $18.5 million. The nearly 9,000-square-foot mansion sits on 0.4 waterfront acres in Boca Raton’s Royal Palm Yacht & Country Club, the city’s most expensive gated community. It was built in 2021 and has six bedrooms, five bathrooms, two half-bathrooms, a pool and a dock, property records show. The Jenkins bought the house for $15 million in 2021, according to records.
Dustin Nero and Senada Adžem of Douglas Elliman had the listing, and Joyce Schneider with Castles By The Beach Realty brought the buyer.
Rizzuto also sold a home in Royal Palm Yacht & Country Club. He sold the non-waterfront house at 2391 Areca Palm Road to Nicola Verses for $10 million, according to records. The 6,200-square-foot house has five bedrooms, six bathrooms, one half-bathroom and a pool, records show. It was built on 0.3 acres in 2021. He bought it for $7 million that year, according to property records. Schneider had the listing.
Verses also bought the house at 385 Southeast 9th Lane (also known as 385 Mizner Lakes Estates Drive) from Rizzuto for $7 million, records show. Mizner Lakes Estates is on the grounds of the Boca Raton Resort & Club. Built in 2000 on 0.6 acres, the house spans 7,200 square feet, with five bedrooms, five bathrooms and one half-bathroom, records and the listing show. Rizzuto bought it for $7 million in 2021, according to records. Schneider also had this listing.
The Rizzutos have been busy with South Florida real estate this year. Rizzuto’s wife, Denise Rizzuto, also flipped a house in Royal Palm Yacht & Country Club for $8 million in January. In February, part of his sister Babe Rizzuto’s oceanfront compound in Jupiter Inlet Colony was washed out to sea by a heavy swell.