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Another Palm Beach flip: House sold in December for $7M resold for $11M
The house built in 1965 will be replaced by a new one to be developed on speculation, says Carl Sabatello of Sabatello Cos.
Palm Beach Daily News
A pair of Palm Beach real estate investors just flipped, for $11 million, a North End house their company bought in December for $7 million, according to the prices recorded at the courthouse.
A Florida limited liability company sold the house built in 1965 at 216 Tradewind Drive in an off-market deal recorded Friday. The company is associated with Richard True and David G. Lambert, who have each developed and sold houses in Palm Beach.
Palm Beach house built in 1956 on Everglades Island sells for $13 9M palmbeachdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from palmbeachdailynews.com Daily Mail and Mail on Sunday newspapers.
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Longtime Palm Beacher and Warhol friend Jane ‘Baby Jane’ Holzer sells house for $7.55M: deed
Holzer inherited her house, which was built by her late parents and just sold for $7.55 million at 147 Dunbar Road. In the 1960s, Holzer was among the late artist Andy Warhol’s coterie in New York.
Darrell Hofheinz
Palm Beach Daily News
Worth Avenue landlord Jane Holzer who became famous in the 1960s as “Baby Jane” Holzer, when she starred in avant-garde films made by the late Andy Warhol has sold her longtime house on the near North End.
The deed for 147 Dunbar Road was recorded Friday at $7.55 million. The house stands in the ocean block of Dunbar Road, about a half-mile north of The Breakers.
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Palm Beach home sales skyrocket in fourth quarter, reflecting a go-go year: reports
Single-family Q4 home sales were up by more than 300 percent year over year, sales analyses show, with 2020 sales volume setting records in Palm Beach.
Darrell Hofheinz
It was the boom few would have predicted.
But one of the unanticipated effects of the coronavirus pandemic was that it helped light a fuse that sent Palm Beach real estate skyrocketing to record-setting heights in 2020, capped by a burst of fourth-quarter sales documented in a new round of sales reports.
The total number of single-family transactions 289 in Palm Beach last year jumped 122% over the previous year, according to the fourth-quarter report prepared by agent Suzanne Frisbie at Premier Estate Properties. And 2020 ended “with often-staggering, record-breaking highs,” Frisbie wrote in her report.