Hellman Jordan founder Jerry Jordan and his wife, Darlene Jordan, sold their lakefront estate in Palm Beach for $86.5 million, marking the most expensive home sale on the island so far this year.
Records show the Jordans sold the mansion at 203 South Lake Trail to a trust named for the address and managed by White & Case attorney Christopher B. Lacaria. The true buyer is hidden.
The off-market sale marks the second priciest residential sale in Palm Beach so far this year. In February, William Lauder sold 2.3 acres of oceanfront land for more than $160 million, but the assemblage is vacant. It’s part of a $350 million assemblage that sources say billionaire Microsoft Excel creator Charles Simonyi is piecing together.
Jerry Jordan founded the Boston-based investment management firm, Hellman Jordan, in 1978. Darlene, a former assistant attorney general in Massachusetts, leads her husband’s namesake foundation.
The couple paid $14 million for the Palm Beach mansion in 2000, property records show. The 1.7-acre estate, developed in 1938, includes a 13,400-square-foot main house with five bedrooms, eight bathrooms and one half-bathroom, a pool and a dock, according to records.
Last year, the Jordans hired Robert A.M. Stern Architects to design a new mansion on the site with a pool house and padel court, town planning documents show.
The couple briefly listed the estate for $84.9 million in 2021, according to the listing. In May, they paid $15.2 million for a 4,800-square-foot non-waterfront home on the island.
House-hopping drives a significant portion of the Palm Beach market, according to agents. In June, media mogul Cathie Black and her attorney husband, Thomas Harvey, bought a house for $12 million after selling their longtime home for $18 million in a deal linked to the assemblage of the Lauder lots.
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