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UPDATE: Billionaire buys ‘spec’ mansion on Everglades Island for $49 million: deed
Investments manager James G. Dinan of York Capital Management and wife buy house at 520 Island Drive with lakefront on two sides, thanks to its site on the north end of Everglades Island.
Palm Beach Daily News
A billionaire hedge-fund manager is the new co-owner of a never-lived-in California-style contemporary mansion that just sold for a recorded $49.142 million on Everglades Island.
James G. Dinan and his wife, Elizabeth R. Miller, bought the house with waterfront on two sides at 520 Island Drive, according to the deed recorded Tuesday by the Palm Beach County Clerk’s office.
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Estate flipped for $41.7M $15.6M more than it sold for in January: deeds
The lakefront compound at 320 Island Road was sold by entity controlled by payday-lending mogul W. Allan Jones.
Palm Beach Daily News
Sold in January for $26.15 million, a lakefront compound at 320 Island Road has been flipped for $41.712 million in Palm Beach’s Estate Section, according to the prices recorded at the courthouse.
That’s a difference of $15.562 million.
The property was sold by an ownership company controlled by entrepreneur W. Allan Jones, who founded Check Into Cash Inc., one of the country s largest payday-lending companies.
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.