Ah, the power of a newly renovated property in Palm Beach.
In January 2020, businessman Richard A. Graciano Jr. and his wife, Debra White Dove Graciano, bought a house at 120 Clarendon Ave. for a price recorded at just under $10 million. The couple then embarked on a substantial update of the residence, which was built in 2001.
And now they have flipped the property for $22.713 million, the price recorded Monday at the Palm Beach County Courthouse.
The buyer was Florida limited liability company named after the property’s address and managed by West Palm Beach attorney Paul Krasker, according to the deed and state business records.
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