The original home improvement star, Bob Vila, sold a non-waterfront Palm Beach home for $13.4 million, less than a year after paying $12.5 million for it.
Records show Vila and his wife, Diana Barrett, sold the house at 345 Pendleton Lane to Delphine Krakoff. Krakoff is the wife of Reed Krakoff, a fashion designer and the former creative director of Coach.
Christian Angle of Christian Angle Real Estate had the listing, and Dana Koch of the Corcoran Group brought the buyer.
Vila was the star of the renovation shows “This Old House,” “Bob Vila’s Home Again,” and “Bob Vila.” His wife is a former Harvard Business School professor.
They bought the Pendleton Lane house for $12.5 million in December. Built in 1937 on a quarter-acre, the house spans 4,300 square feet, with four bedrooms, four bathrooms and one half-bathroom. It was designed by John Volk, a prominent early Palm Beach architect, according to the listing.
Vila and Barrett listed it for $15.9 million in May, Redfin shows.
The couple’s primary address is listed as 690 Island Drive, a waterfront Everglades Island home in Palm Beach that they’ve had listed for a year. It hit the market asking $52.9 million last November, but they relisted it for $39.9 million in September, according to Realtor.com. Angle has the listing. The Pendleton Lane sale closes just as Palm Beach’s busy season begins. Agents say market activity has surged since former president Donald Trump clinched the presidency earlier this month. Louise Riggio, the widow of Barnes & Noble founder Leonard Riggio, sold her oceanfront compound for $81 million earlier this month. Also this month, spec developer Todd Glaser sold a waterfront renovated home to billionaire Herbert Wertheim for $38 million.