Palm Beach Daily News
Reflecting the realities of the seller’s market in Palm Beach, a house near the ocean in the Estate Section has been flipped for a reported $17.75 million, less than six months after it changed hands for about $11.35 million.
The seller of 111 El Brillo Way apparently was a company controlled by private-equity specialist Andy Unanue. He once was a lead executive at his family’s Goya Foods, which specializes in products used in Latino cuisine.
The sale price was reported Friday in the Palm Beach Board of Realtors Multiple Listing Service. No deed had been posted Friday morning at the Palm Beach County Courthouse, so the identity of the buyer hasn’t been made public. It’s also unclear if the price reported in the MLS will match the one to be recorded by the Palm Beach County Clerk’s office.
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EXCLUSIVE UPDATE: Steve Wynn linked to $49M buy of Carneys’ custom Palm Beach home
Developer Pat Carney parts with his house at 1350 N. Lake Way, three weeks after selling billionaire David Tepper a mansion across town for recorded $68 million.
Palm Beach Daily News
Billionaire casino and hotel magnate Steve Wynn who already owns two estates in Palm Beach is linked to the buyer’s side of a $49-million deal that just closed on the opposite end of the island for a lakefront mansion on North Lake Way, records show.
In the off-market sale, a Wynn-affiliated company bought the house at 1350 N. Lake Way from developer Pat Carney and his wife, Lillian, who built it as a custom home for themselves about eight years ago. The sale came just three weeks after the Carneys sold for a recorded $68.4 million their recently completed oceanfront Palm Beach mansion to a company controlled by hedge-fund
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UPDATE: New house fetches $8.48 million before it even hits MLS
The recently built five-bedroom home at 1575 N. Ocean Blvd. sold before it was listed. And seller Sabatello Cos. just closed another off-market deal to build a custom home at 261 Nightingale Trail.
Palm Beach Daily News
In Palm Beach, where shoppers are competing fiercely for homes, some houses never even make it into the multiple listing service before they sell.
That was the case with a just-completed North End home built and developed on speculation by Sabatello Cos. at 1575 N. Lake Way.
The five-bedroom house changed hands in an off-market deal recorded Monday at $8.478 million.
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UPDATE: Billionaire Charles Johnson linked to $21.75M buy of house built by Dr. Oz’s family
The new house on Everglades Island was built by a company affiliated with Dr. Oz’s father-in-law, Dr. Gerald Lemole Sr. On the buyer’s side is a trust tied to the Johnsons, who live down the street.
Palm Beach Daily News
A trust linked to billionaire financier Charles B. Johnson and his wife, Dr. Ann L. Johnson, is on the buyer’s side of a sale recorded at $21.75 million for a never-lived-in lakeside house with Moorish-style architecture on Everglades Island.