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Investors buy Palm Beach house for $25M with plans to refresh and sell it


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Investors buy home for $25M with plans to refresh, relist it at nearly $35M on North End
The 1973 house at 301 Polmer Park will undergo a refurbishment and get a new price tag of $34.85 million, says investor Richard C. True.
Palm Beach Daily News
Two real estate investors have paid a recorded $25 million for a 1970s-era house in a private transaction on Polmer Park Road on the North End of Palm Beach.
The new owners are refreshing the house and already have relisted it for sale at $34.85 million, said Richard C. True, who manages the Florida limited liability company that bought the property. ....

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New lakeside 'spec' house brings $19.25M in Palm Beach: MLS


Check off the sale of another new high-end house developed on speculation in Palm Beach.
The sale also testifies to the demand for lakeside properties, especially those with deepwater docks, which have become increasingly scarce of late in the island s grab-and-go real estate market.
In the latest of those deals, developer and builder Malasky Homes has sold, for a reported $19.25 million, a just-completed Bermuda-style house on a lakefront property at 1280 N. Lake Way, about midway between the Palm Beach Country Club and the north tip of the island.
The elevation of the half-acre property affords water views from both floors of the five-bedroom house, which features a covered loggia that looks across the swimming pool and beyond the bike trail to 88 feet on the Intracoastal Waterway. In all, the residence has 7,486 square feet, records show. ....

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Steve Wynn company sells Palm Beach house for $23M two months after buying it for $18M

Steve Wynn company sells Palm Beach house for $23M two months after buying it for $18M
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