Thompson Dean, CEO of the private equity firm Avista Capital, and his wife, Caroline, purchased a Venetian-style lakefront palazzo in Palm Beach, Florida for $41 million, according to listing records.
The 15,000-square-foot property sold at a discounted rate—40% lower than its originally listed price of $67.5 million in 2015, according to the records, which showed that the sale closed on June 14.
Damon Mezzacappa, the late vice chairman at New York’s Lazard Freres investment bank, previously owned the property. According to property records, his three children, Benjamin, Jessica, and Jonathan, were the grantors of the estate. Christian Angle Real Estate brokered the sale for the Mezzacappa family to Mr. and Mrs. Dean. The brokerage didn’t respond to requests for comment.
Last week, Mr. Dean listed his fully furnished Miami penthouse at The Four Seasons Surf Club for $21.5 million.
Mr. Dean could not immediately be reached for comment.
Designed by renowned Palm Beach architect Jeffery Smith in 1998, the 2.3-acre “Villa Venezia” property, inspired by the Doge’s Palace in Venice, borders the Lake Worth Lagoon and runs parallel to the Atlantic Ocean, giving way to stunning intracoastal views.
Located just south of President Donald Trump’s Mar-a-Lago resort, this two-story, seven-bedroom mansion is situated in the heart of Palm Beach’s Billionaire Row in the Ocean Vista neighborhood.
The luxurious property also has 300 feet of expansive water frontage adjacent to the lagoon.
The Real Deal first reported the sale.
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