An oceanfront mansion in Palm Beach, Florida, straddling both the Atlantic Ocean and the Palm Beach inlet has for sold for nearly $20 million less than its original listing price.
The sale was closed Tuesday for $14.64, according to property records, which have not been updated with the name of the buyer.
More:Click Here for more Floirda real estate coverage from Mansion Global
However, the Palm Beach Daily News, reported that the mansion was purchased by local real estate developer Myron Miller. He did not return a call seeking comment.
Built in 1960, the 1.44-acre property on East Inlet Drive was the longtime home of Gabrielle Kuvin and her late husband, Dr. Sanford F. Kuvin who practiced internal medicine and cardiology, according to property records.
The two-story house has two bedrooms, three-and-a-half bathrooms, marble floors and a pool, according to the listing. The waterfront buildable portion of this property includes 114 feet facing the ocean, plus 250 feet on the inlet side, property records show. In addition, the property also includes more than 350 feet of dune-and-beach land.
More:Newest Developments Say Goodbye to Bowling Alleys and Laundry Rooms
This oceanfront home had been owned by the Kuvin family since the mid-1960s. Listing records show the property hit the market for $34.6 million through Christian Angle Real Estate in April 2015, shortly after Dr. Kuvin’s death in February. Mr. Angle declined to comment. Lawrence Moens of Lawrence A. Moens Associates, who confirmed the $14.64 million sale price, was the broker when the sale went through.
Mr. Miller, the reported new owner, is a local developer in Palm Beach who comes from a prominent real estate family. His father, Robert L. Miller is the head MLR Management LLC in Tequesta, Florida. The Miller family’s real estate projects have included marinas, resorts, and shopping centers across Florida.
CLICK HERE TO READ MORE FROM MANSION GLOBAL
