Never-lived-in house at 905 N. Ocean Blvd. was sold by longtime Palm Beachers Pat and Lillian Carney.
Palm Beach Daily News
Hedge-fund billionaire David Tepper and his wife, Nicole, are on the buyer’s side of an off-market sale that closed Friday for as much as $73 million for a never-lived-in oceanfront mansion on the North End of Palm Beach, sources have confirmed for the Palm Beach Daily News.
The price recorded late Friday afternoon with the deed for 905 N. Ocean Blvd. was $68.385 million. Recorded prices are often lower than contract prices because the latter may include items such as real estate commissions, fees and furnishings, real estate observers say.
Some are taking a temporary retreat during the Covid pandemic, away from the cold weather up North. Others are making a longer-term change, and businesses are following by committing to decadeslong leases.
At Rosemary Square, an outdoor shopping mall situated close to downtown West Palm Beach, a West Elm furniture store and Urban Outfitters are slated to open in the coming months. They ll be joined by a slew of new eateries, including a recently opened, local fast-casual taco shop, health-driven chain True Food Kitchen and the hip plant-based restaurant Planta.
Lucid Motors, an electric car company known as a Tesla competitor, opened its second South Florida location last month at Rosemary Square, which is operated by New York-based developer Related Cos. It joined Lululemon, Anthropologie, Yeti, Tommy Bahama, Sur la Table, RH and more than a dozen other retailers that, on most weekends, are filled with visitors. After shopping some grab a smoothie from Pura Vida, another recent ad
NewsSocietyShiny ShotsArtsReal Estate NewsLifestyleUSA TODAYObituariesE-Edition
Palm Beach home sales skyrocket in fourth quarter, reflecting a go-go year: reports
Single-family Q4 home sales were up by more than 300 percent year over year, sales analyses show, with 2020 sales volume setting records in Palm Beach.
Darrell Hofheinz
It was the boom few would have predicted.
But one of the unanticipated effects of the coronavirus pandemic was that it helped light a fuse that sent Palm Beach real estate skyrocketing to record-setting heights in 2020, capped by a burst of fourth-quarter sales documented in a new round of sales reports.
The total number of single-family transactions 289 in Palm Beach last year jumped 122% over the previous year, according to the fourth-quarter report prepared by agent Suzanne Frisbie at Premier Estate Properties. And 2020 ended “with often-staggering, record-breaking highs,” Frisbie wrote in her report.
NewsSocietyShiny ShotsArtsReal Estate NewsLifestyleUSA TODAYObituariesE-Edition
Palm Beach custom home on Island Road brings $26M, MLS says
The Bermuda-style compound built by James D. Berwind at 320 Island Drive won an award recognizing excellence in architecture from the Preservation Foundation of Palm Beach.
Darrell Hofheinz
Palm Beach Daily News
UPDATE, Jan. 12, 2020: A Tennessee-based limited liability company paid James D. Berwind a recorded $26.2 million for his lakefront compound at 320 Island Road, the deed shows.
The buyer was Jones Lakeland LLC, a limited liability company controlled by W. Allan Jones, who founded Check Into Cash Inc., one of the country’s largest payday-lending companies.
The aroma of doughnuts and fresh-ground coffee wafted through Via Flagler on Friday morning, signaling another step in the revitalization of Royal Poinciana Way in Palm Beach.
“We envisioned what this area once was. Now we are bringing the energy and fun back,” said David Frisbie, a partner with The Breakers in the new café and contemporary boutique called Main Street by The Breakers.
Frisbie and his wife Suzanne were the first customers when doors swung open at 6:30 a.m.
Via Flagler is a 1.3-acre, mixed-use development on the site of the former Testa’s restaurant. The Testa’s building, along with an adjacent empty gas station and shopping area, was demolished and replaced by Via Flagler, which also includes The Breakers Henry’s restaurant.