The house has 6,297 square feet of living space, inside and out, and stands on a half-acre lot, property records show.
The Morans have owned a homesteaded lakefront estate just down the coastal road at 1424 S. Ocean Blvd. since 1989, property records show.
John Moran spent his career with investment banks that included Dyson Kissner-Moran, from which he retired in 1998, according to an online biographical sketch. Property records show the house on Regents Park Road has a mailing address in care of the same Worth Avenue office that houses the John A. Moran Charitable Trust.
Broker Lawrence A. Moens Associates listed the Morans’ house on Regents Park Road for sale at $10.5 million in early December and landed it under contract in late May. Handling the buyer’s side of the sale was agent Vittorio P. Faricelli of Illustrated Properties, according a listing updated July 29 in the Palm Beach Board of Realtors Multiple Listing Service.
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A trust affiliated with Janice McNnair and her late husband, Robert McNair, sold the unit, No. 5D at 425 Worth Ave., to Mary Kniffin Snyder, the deed shows.
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.