Wednesday, January 11, 2006

Palm Beach market sales increasing!

After contending with months of low inventory, several Palm Beach brokerages scored new real estate listings recently, good news for agents with prospective buyers in town for the season.
Sotheby's International Realty has a second shot at 101 Dunbar Road, which the firm listed for a previous seller in April 2004. The two-story, 8,705-square-foot Mediterranean-style house was built that year on an oceanfront lot of almost 1 acre, and it sold for $11.52 million. Cristine Condon represents the seller, Michael Rubinoff, who is asking $17.5 million.
Sotheby's also is marketing 200 Kawama Lane, a 5,200-square-foot house built in 1961. The sellers, Lovedy and Ettore Barbatelli, are asking $4.5 million.
Clark Graebner, who has owned 14 Golfview Road since 1994, has it listed with his wife, Patti Graebner, an associate with Brown Harris Stevens. The restored 1928 landmarked house was designed by first-generation Palm Beach architect Marion Sims Wyeth. Situated across the street from portions of the Everglades Club Golf Course — and from Hogarcito, which was built for E.F. Hutton and Marjorie Merriweather Post — the 6,000-square-foot Graebner house is listed for $7.5 million.
On Monday, The Corcoran Group listed a 3,400-square-foot town house at 307 Everglade Ave. for $4.39 million. The four-bedroom layout was built in 1992.
Last summer, Forbes labeled 820 S. Ocean Blvd. in Manalapan as No. 3 in the South among "the most expensive homes in America" on the market in 2005. It was listed for $33 million but was taken off the market. The seller, Sydra Miller of Boca Raton, relisted it Monday with Pat Liguori of Premier Estate Properties. The price just went up to $34.95 million.
The Venetian-style home with eight bedrooms sits on a 2-acre ocean-to-lake spread. There is 225 feet of beachfront, a dock, tennis court, putting green and guesthouse. Once the home of ex-Commissioner Hal Prewitt, the seller paid $6.97 million in 2003.
Illustrated Properties has two new listings on Land's End Road in Manalapan: 1690, on the market for $3.49 million; and 1545, listed at $4.39 million.
Emil Solimine, of the EMAR Group, has owned 8 Lagomar Road in Palm Beach since October 2004, when he bought the lakefront home from NVR Inc. Chairman/CEO Dwight Schar. He paid $6.2 million for the 5,400-square-foot house and recently listed it with broker Lawrence Moens for $8.9 million. The property also has deeded beach access.
Robert Krasnow of Krasnow Media bought 1480 N. Ocean Blvd. in July 2003 for $2.75 million and recently listed it with Moens for $4.95 million. The property has more than 6,000 square feet of living area, and the house sits on a corner lot across the street from radio personality Rush Limbaugh.
The $36 million listing on Veronica Hearst's mansion in Manalapan recently expired, broker Linda Gary said. "It's unknown" whether Hearst wants to take it off the market or change the price, Gary said. Gary has a new listing, 150 Woodbridge Road, which is priced at $5.75 million.
J. Richard Allison & Associates has the listing on 155 Peruvian Ave. The seller, a mobile home park operator in Clermont, is asking $3.95 million.
Martha A. Gottfried also just listed 216 West Indies Drive. The sellers, Susan and William Guttman, are asking $3.25 million. They paid $715,000 in 1995 for the 4,200-square-foot house built in 1961.

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