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Steve Wynn company sells Palm Beach house for $23M two months after buying it for $18M
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Landmark Dunbar Road mansion sold for $26 million
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Nicholas Mele
Early in the Covid-19 pandemic, Jeffrey Tousey, the thirtysomething founder of social media agency Beekman Social, and his partner, developer Billy Gilbane III, looked out the windows of their country home among the Finger Lakes in upstate New York and saw snow coming down. It was May.
The couple knew they didn’t want to spend another winter or even a spring up north. Having both taken their work fully remote, they sought a warmer clime, but somewhere in the same time zone and with direct flights to New York. They decided to house-hunt in Palm Beach.
“We’d scroll through Zillow every night, and there wasn’t a lot of inventory,” Tousey recalls. They settled on a 1950s bungalow in Palm Beach that they’re now renovating while they rent from a family friend nearby. “We basically beat the rush by a week.”