Ah, the power of a newly renovated property in Palm Beach.
In January 2020, businessman Richard A. Graciano Jr. and his wife, Debra White Dove Graciano, bought a house at 120 Clarendon Ave. for a price recorded at just under $10 million. The couple then embarked on a substantial update of the residence, which was built in 2001.
And now they have flipped the property for $22.713 million, the price recorded Monday at the Palm Beach County Courthouse.
The buyer was Florida limited liability company named after the property’s address and managed by West Palm Beach attorney Paul Krasker, according to the deed and state business records.
Ah, the power of a newly renovated property in Palm Beach.
In January 2020, businessman Richard A. Graciano Jr. and his wife, Debra White Dove Graciano, bought a house at 120 Clarendon Ave. for a price recorded at just under $10 million. The couple then embarked on a substantial update of the residence, which was built in 2001.
And now they have flipped the property for $22.713 million, the price recorded Monday at the Palm Beach County Courthouse.
The buyer was Florida limited liability company named after the property’s address and managed by West Palm Beach attorney Paul Krasker, according to the deed and state business records.
Paul Krasker, who acted as trustee of the
201 Ocean Revocable Trust. Because of privacy rules governing trusts, no other details about anyone behind the trust were immediately available in public records.
Asplundh’s late father co-founded
Asplundh Tree Expert Co., the prominent tree-trimming and landscape-maintenance company headquartered Pennsylvania with locations across the country and abroad.
The Monterey-style house that just changed hands has five bedrooms and 5,844 square feet of living space. On a lot of nearly a third of an acre, the house stands at the corner of North Ocean Way, a little more than half a mile from the northern tip of the island.
NewsSocietyShiny ShotsArtsReal Estate NewsLifestyleUSA TODAYObituariesE-Edition
Lakeside house built in 2016 brings $40.7M on Billionaires Row in Palm Beach, deed shows
The recorded price of the sale of 1330 S. Ocean Blvd. marks the second Palm Beach deal in a month to top $40 million. A limited liability company was the buyer.
Darrell Hofheinz
Palm Beach Daily News
A lakefront estate on Billionaires Row has been sold for a recorded $40.668 million the second Palm Beach sale within a month to top the $40 million mark.
The house, that just changed hands at 1330 S. Ocean Blvd was developed on speculation and completed in 2016. It last changed hands in 2017 for a recorded $31.59 million, a deal that also included the furnishings. The house recently had been marketed with its furnishings at $56.5 million.