Ex-Apple CEO John Sculley and his wife, Diane Sculley, sold their oceanfront Palm Beach estate for $37 million.
It marks a $17.9 million discount off their January listing price. The couple sold the home at 1214 North Ocean Boulevard earlier this week, Zillow shows. The deal has yet to hit public records and the buyer is unknown.
James Kenny with K2 Realty, who specializes in the gated North Palm Beach golf community Lost Tree Village, brought the buyer. Christian Angle with Christian Angle Real Estate had the listing. He did not respond to requests for comment.
Sculley was CEO of Apple from 1983 to 1993, during which time he grew sales from $800 million to $8 billion, according to the New York Times. Prior to that, he presided over PepsiCo, and is credited with creating the Pepsi Challenge. Following his run at Apple, Sculley briefly led Spectrum Information Technologies and was a founding investor in MetroPCS. Jeff Daniels portrayed him in the 2015 film “Steve Jobs.”
The Sculleys married in 2013. In 2018, they bought the oceanfront house at 1214 North Ocean Boulevard for $14.9 million. The 6,500-square-foot home was built in 2015 and has five bedrooms, six bathrooms and one half-bathroom. In 2023, the Sculleys bought the adjacent house at 110 Mockingbird Trail in an off-market deal for $11.4 million, expanding their property to a full acre. In total, they spent $26.3 million on the property.
The couple demolished the Mockingbird Trail home and last year proposed a 2,725-square-foot addition for the North Ocean Boulevard house and a new 1,800-square-foot guest house on the property, but have not built them. The estate also has a private beachfront cabana, according to the listing.
They listed the home for $54.9 million in January, Zillow shows. In March, they slashed the asking price to $49.5 million. The sale price equates to a 33 percent drop from the first asking price.
Summer is typically a slow time for home sales in Palm Beach, but deals still close. In July, Hellman Jordan founder Jerry Jordan and his wife, Darlene Jordan, sold their lakefront estate for $86.5 million, making it the island’s most expensive home sale so far this year. Beauty billionaire William Lauder sold 2.3 acres of oceanfront land for more than $160 million in February, but the compound is vacant. It’s part of a $350 million assemblage that sources say is linked to Excel creator Charles Simonyi.
Among other summer deals, private equity executives J. Richard Knop and Leslee Belluchie sold their home at 110 Wells Road in June for $17.9 million, down from their $28.5 million listing price. That same month, home improvement star Bob Vila sold his waterfront Palm Beach home for $33 million, down from his $52.9 million asking price.