Construction moguls Rod and Gregory Oneglia sold their condo in Palm Beach’s Kirkland House for $15.7 million, marking a price record for the building.
Records show a trust, represented by the Oneglias and attorney Robert F. Cohn, sold unit 6A in the condominium at 101 Worth Avenue to Nicholas Adams. It was an off-market deal.
Rod and Gregory Oneglia are both executives in their family’s Torrington, Connecticut-based construction firm, O&G Industries. It was founded in 1923 by Andrew Oneglia and Flaviano Gervasini and is now one of the largest heavy civil construction firms in the Northeast, according to its website.
The six-story, 20-unit Kirkland House was built in 1976 and faces the beach, according to property records. The Oneglias bought their top floor condo for $5.8 million in 2013, records show. It spans 4,100 square feet, with four bedrooms, four bathrooms and one half-bathroom.
The latest sale beats the previous price record for Kirkland House, which was set in 2022 when Bennie and Stephanie Bray bought unit 3A for $15 million, records show. They sold the condo at a loss for $11.9 million in April after buying a townhome in Palm Beach for $13.9 million in October. Condo sales in Palm Beach County have been on the decline in recentmonths. Condo inventory on the island of Palm Beach is aging, but a slew of luxury projects planned for West Palm Beach is set to bring thousands of units to the market in the coming years. Agents say demand is high and presales are going well for planned projects like Related Ross’ South Flagler House, Terra’s Mr. C Hotel & Residences and Related Group’s Ritz-Carlton Residences, West Palm Beach.