Winter season kickoff in Palm Beach County

by NEW YORK DIGITAL NEWS


Luxury real estate deals are closing across Palm Beach County as the winter season kicks off. 

The latest roundup of residential deals spans Boca Raton to Jupiter Island, with sales ranging in price from $8.4 million to $13 million.

Boca Raton

1000 South Ocean Boulevard (Compass)
1000 South Ocean Boulevard (Compass)

In Boca Raton, the ex-wife of longtime Planet Fitness boss Chris Rondeau sold her penthouse in One Thousand Ocean. Records show Michelle LeMay sold the combined units 603 and 604 at 1000 South Ocean Boulevard to a trust named for the address for $13 million. The true buyer is unknown.

John Poletto and Mark Nestler of One Sotheby’s International Realty had the listing, and Marcy Javor of Signature One Luxury Estates brought the buyer.

The 7,500-square-foot penthouse has nine bedrooms, eight bathrooms and one half-bathroom, the listing shows. Built in 2010, LeMay bought the units in 2021 for $12.1 million. She listed the penthouse for $14.7 million in July, selling for $1.7 million below the asking price. 

The seller, LeMay, heads LeMay Family Goodworks, a philanthropic foundation based in North Hampton, New Hampshire. She lives there on a 60-acre farm dubbed Le Beau Domaine, where she was recently seeking a director of estate management with an annual salary between $85,000 and $140,000, the job listing shows. LeMay’s ex-husband, Chris Rondeau, was CEO of Planet Fitness for 30 years until he was unexpectedly ousted in September, according to published reports. The pair sold a waterfront Delray Beach mansion for $10.5 million in 2021. 

Planet Fitness co-founder Michael Grondahl sold his mansion in the Bear’s Club in Jupiter for $14.5 million in October.  

Jupiter Island

1500 Beach Road in Tequesta (The Corcoran Group)
1500 Beach Road in Tequesta (The Corcoran Group)

On Jupiter Island, William and Marcia Ulm sold their SeaGlass condo for $8.8 million. Records show the Ulms sold unit 403 at 1500 Beach Road in Tequesta to Michael and Marla Murphy.

Jane Letsche with Waterfront Properties & Club Communities had the listing. The buyers did not use a real estate agent. 

The condo spans 5,200 square feet, with four bedrooms, five bathrooms and one half-bathroom, the listing shows. The Ulms closed on the SeaGlass unit for $9.6 million in November of last year, when developer Jeffrey Soffer completed the 10-story, 21-unit project. They listed the condo for $19.8 million that month. 

Marcia Ulm founded Athens, Georgia-based MLU Services, a firm that provides temporary medical facilities for emergencies and events. 

Records show the Murphys bought a mansion at 103 West Bear’s Club Drive in the Bear’s Club for $8.3 million in 2017. Jeremy Browne and Thomas Hughes of Compass have the listing, which is asking $18.5 million for the 9,100-square-foot home. 

Jupiter

115 Regatta Drive (YRA Design Inc.)
115 Regatta Drive (YRA Design Inc.)

In another Jupiter gated community, Illustrated Properties agent Gregg Kelley sold an incomplete Admirals Cove waterfront spec home for $8.4 million. Records show an LLC named for the address and managed by Kelley sold the home at 115 Regatta Drive to another entity named after the address. The true buyer is unknown.

Rob Thomson of Waterfront Properties & Club Communities had the listing, and Donna Lederman with Waterfront Properties & Club Communities brought the buyer.

The 6,500-square-foot home will have five bedrooms, five bathrooms and two half-bathrooms. The 0.4-acre property will be completed next year, and will have a pool and dock, according to the listing. Kelley bought the house in September for $4.6 million in September, records show. He listed it in October for $13.5 million. 

Palm Beach

210 Osceola Way (Coldwell Banker Homes)
210 Osceola Way (Coldwell Banker Homes)

On the island of Palm Beach, another real estate agent closed her own deal. Records show Brown Harris Stevens agent Mara Raphael’s entity sold the house at 210 Osceola Way to Benjamin and Andrea Griswold for $8.8 million. Raphael represented herself and the buyers.

Raphael bought the Osceola Way home for $4.3 million in 2021, records show. Built in 1953 on 0.2 acres, the six-bedroom, six-bathroom house spans 3,800 square feet, the listing shows. Raphael extensively renovated the North End property, which has a pool and deeded access to a beach cabana, according to the listing.

She is married to John Mendell Jr., a managing director with West Palm Beach-based venture capital and private equity firm Comvest Partners. Raphael listed the home for $12.8 million in February, Redfin shows. 



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