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Resi Roundup: Financiers, Real Estate Investors Buy Homes

Resi Roundup: Financiers, Real Estate Investors Buy Homes
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Nine property sales this season topped $40M in Palm Beach

When it comes to big-dollar deals in Palm Beach, this season saw an abundance of riches.
Between Oct. 1 and Thursday, 38 sales closed at prices recorded at $17 million or higher. In the same period last year, just 12 deals landed in that price category 13 if you record a property that sold for $16.9 million.
This season also saw six sales record at between $30 million and $40 million, while another nine deals hit prices even higher.
Here’s a rundown of the sales including two that involved vacant lots recorded at more than $40 million this season. Unless otherwise noted, the prices are the ones documented by the Palm Beach County Clerk’s office. ....

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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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