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Restored landmark house facing sea in Palm Beach sells for $48.5M: MLS


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UPDATE: Landmarked seaside estate in Midtown brings $45.6M, deed shows
The meticulously restored estate at 172 S. Ocean Blvd. had not changed hands since 1989, when it was bought by private equity specialist E. Burke Ross Jr. for $2.25 million.
Palm Beach Daily News
Palm Beach saw two house sales top $45 million within one week after 172 S. Ocean Blvd. changed hands for a recorded $45.6 million.
The sale involved La Salona, a restored landmarked house that faces the ocean on the corner of Clarke Avenue, four streets north of Royal Palm Way.
The buyer was Bayhigh LLC, a Delaware limited liability company with an address in care of Palm Beach attorney Timothy Hanlon. Because of Delaware’s strict corporate privacy laws, no other information about the buyer was readily available in public records. Hanlon declined to discuss the transaction and said his client also had no comm ....

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