Private equity billionaire Greg Mondre sold a teardown in Palm Beach for $36.3 million, after buying it last March for $31 million.
Mondre’s 1160 NOB LLC sold the 0.8-acre property at 1160 North Ocean Boulevard to a trust named for the address and managed by attorney Jessica Shapiro. Marley Overman with Illustrated Properties and Gary Pohrer with Serhant had the listing. Pohrer also brought the buyer.
Mondre is the co-CEO of Menlo Park, California-based private equity firm Silver Lake, which has $110 billion in assets under management, according to published reports. He has a net worth of $2.3 billion, according to Forbes.
He bought the North Ocean Boulevard home for $5.3 million above what he paid less than a year ago. The 6,100-square-foot home was built in 1991 and has seven bedrooms, seven bathrooms, a pool and a private beach with 150 feet of ocean frontage, records and the listing show.
Mondre listed the property for $39.5 million in September, just before buying a 1.2-acre oceanfront parcel at 965 North Ocean Boulevard for $58 million in October.
He also owns a home in the exclusive Lost Tree Village community in North Palm Beach. Records show he bought the house at 11739 Lost Tree Way for $7.2 million in 2018.
Mondre’s North Ocean Boulevard deal marks the latest pricey Palm Beach sale this season.
Earlier this month, “trash kingpin” and Trump appointee Anthony Lomangino bought a historic estate for $76.7 million from Sequel Capital’s Harvey Kinzelberg in an off-market deal.
Advertising mogul Richard Schaps sold a waterfront home for $32.5 million last month. Also, L Catterton boss Michael Chu sold his oceanfront home for $58.3 million, and British investor Pamela W. Starret sold her lakefront estate for $72 million, both in off-market deals.