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Seller Morton A. Pierce bought the house, which was developed on speculation, when it was brand new.
Palm Beach Daily News
The Estate Section of Palm Beach saw a notable flip Tuesday, when a deed was recorded at $11.5 million for a house that had sold brand new in October for $8.42 million.
The seller of 140 Kings Road was attorney Morton A. Pierce of Greenwich, Connecticut, who acted in the sale as trustee of a revocable trust in his name, the deed shows. Pierce is a partner who specializes in mergers and acquisitions at the White & Case LLP law firm serving greater New York City.
Palm Beach house flipped for $11 5M after it sold in October for $8 42M palmbeachpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from palmbeachpost.com Daily Mail and Mail on Sunday newspapers.
Listing photos courtesy of Fox Residential
This Upper East Side townhouse at 17 East 74th Street was built in 1869 in the neo-Federal style. And though it retains this historic pedigree from the street, inside it’s been modernized with opulent finishes and a classicaly elegant style. According to the Post, the home, which is on the market for $18 million, is owned by Sandi Feinberg, widow of the late philanthropist Herbert Feinberg. They bought the five-story house in 1989 for $2.5 million and then spent three years on a renovation that included adding a 46-foot-long saltwater lap pool and hot tub on the lower level, as well as spiffing up the garden and roof deck.