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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.