A non-waterfront Palm Beach home traded between two trusts for $17.1 million, marking a $6.8 million uptick in price from its last sale in 2020.
Records show a trust named for the address and managed by local attorney Maura Ziska sold the house at 201 Dunbar Road to Six S 201 Dunbar Trust, managed by attorney Elaine Bucher.
Spencer Schlager of Douglas Elliman represented both sides of the deal. He declined to comment.
The selling entity bought the Dunbar Road home from longtime Palm Beach restaurateur and real estate developer Franklyn deMarco in 2020 for $10.3 million, records show. DeMarco bought the 0.4-acre property for $3.8 million in 2016 and built the 6,200-square-foot home on spec in 2019, according to property records. The house has five bedrooms and five bathrooms, and the property includes a pool and a one-bedroom guest house, records and the listing show.
It hit the market in February asking $19.9 million, according to Realtor.com. The sale price marks a $6.8 million increase since it last traded.
The September closing comes at the height of the island’s slow season, following a summer of surprising activity, agents say. Last month, the oceanfront estate of late Barnes & Noble founder Leonard Riggio went into contract after listing for $96 million in July. Agents say that the rarity of large oceanfront listings lent itself to a quick deal, despite the season.
Investor Daren Metropoulos made a splash this summer when he dropped $148 million on the historic oceanfront Casa Amado estate in an off-market deal, the island’s second-most expensive this year. Also in July, a waterfront spec mansion sold for $28.9 million, and Jeanne Siegel, the widow of media magnate Herbert Siegel, sold her lakefront mansion for $51.6 million.