W. Allan Jones and 320 Island Road, Palm Beach (Wikipedia Commons, Google Maps)
UPDATED, May 7, 9:50 a.m.: Payday lender W. Allan Jones flipped his waterfront home in Palm Beach for $41.7 million, four months after buying it for $26.1 million.
Jones Lakeland LLC, a Tennessee company headed by Jones, sold the property at 320 Island Road to PB Island Dreams LLC, a Delaware corporation. The buying entity is in care of New York-based law firm Kleinberg, Kaplan, Wolff & Cohen.
Jones is the founder and CEO of Check it Into Cash, a national short-term lending company he founded in Cleveland, Tennessee in 1993. Check it Into Cash has over 650 stores nationwide, according to its website.