Price tag of new Palm Beach house on dry lot approaches $30 million 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.
Check off the sale of another new high-end house developed on speculation in Palm Beach.
The sale also testifies to the demand for lakeside properties, especially those with deepwater docks, which have become increasingly scarce of late in the island s grab-and-go real estate market.
In the latest of those deals, developer and builder Malasky Homes has sold, for a reported $19.25 million, a just-completed Bermuda-style house on a lakefront property at 1280 N. Lake Way, about midway between the Palm Beach Country Club and the north tip of the island.
The elevation of the half-acre property affords water views from both floors of the five-bedroom house, which features a covered loggia that looks across the swimming pool and beyond the bike trail to 88 feet on the Intracoastal Waterway. In all, the residence has 7,486 square feet, records show.
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Developer buys seaside house for $12.6M in Palm Beach; says he’ll remodel it
Todd Michael Glaser bought 1980s house at 870 S. Ocean Blvd. in same neighborhood as President Donald Trump s Mar-a-Lago.
Darrell Hofheinz
Palm Beach Daily News
A developer has bought his second oceanfront house in Palm Beach’s Estate Section within the past month.
In a sale expected to record at $12.64 million, a company controlled by Todd Michael Glaser bought a 34-year old beachside house at 870 S. Ocean Blvd., he told the Palm Beach Daily News. The off-market deal closed only a couple of weeks after Glaser and his investment group bought another beachside house about two blocks away from Mar-a-Lago, President Donald Trump’s winter White House.