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Palm Beach estate flipped for $42M — $15M more than it sold for in January

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Estate flipped for $41.7M $15.6M more than it sold for in January: deeds
The lakefront compound at 320 Island Road was sold by entity controlled by payday-lending mogul W. Allan Jones.
Palm Beach Daily News
Sold in January for $26.15 million, a lakefront compound at 320 Island Road has been flipped for $41.712 million in Palm Beach’s Estate Section, according to the prices recorded at the courthouse.
That’s a difference of $15.562 million.
The property was sold by an ownership company controlled by entrepreneur W. Allan Jones, who founded Check Into Cash Inc., one of the country s largest payday-lending companies. ....

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Lakeside custom home in Palm Beach sells for reported $26 million

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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. ....

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