Cleveland Browns owner Susan “Dee” Bagwell Haslam bought an oceanfront home in North Palm Beach’s gated Lost Tree Village community for $25 million, in an off-market deal.
Records show her Knox-Main Trust bought the home at 11914 Turtle Beach Road from Robert F. White Jr. and Diane White.
Bagwell Haslam and her husband, Jimmy Haslam, are the owners of the Cleveland Browns. They also have partial ownership of the Milwaukee Bucks and the Major League Soccer team, the Columbus Crew. Jimmy Haslam founded Pilot Flying J, the truck stop chain based in Knoxville, Tennessee. Berkshire Hathaway spent $11 billion to acquire an 80 percent stake in the company in two deals in 2017 and 2023. The Haslams sold the remaining 20 percent, valued at $3.4 billion, last year, CNBC reported.
The Whites are longtime residents of Lost Tree Village. They bought the estate for $3.2 million in 1990, property records show. The house was built in 1971 and spans 5,900 square feet, with five bedrooms, five bathrooms, one half-bathroom and a pool. It has direct oceanfront access.
Records show the Whites downsized to a 3,800-square-foot Lost Tree Village home with four bedrooms and three bathrooms. They bought the house at 11837 Turtle Beach Road for $5.6 million in May.
They couldn’t sell their larger estate to just anyone, though. Lost Tree Village closely regulates who its residents are –– before buying a home, interested buyers must first be accepted into the Lost Tree Village Property Owners Association, a process that requires two sponsors, five references, an interview with the admissions committee and a $50,000 check. Deeds stipulate owners can only sell to other members of the association. Home ownership is also a requirement to join Lost Tree Club, the members-only golf club within the community. It has a separate membership process from the Property Owners Association.
Despite its limited buyer pool, Lost Tree Village has had multiple record deals this year. In May, Canadian baby products mogul Maurice Pinsonnault sold his oceanfront estate for a record $55 million. That same month, longtime Boston Scientific Chairman and CEO Michael Mahoney bought a waterfront home for $17.3 million. In February, an oceanfront home in the community sold for $31.9 million.