Ray Graziotto with 19651 Riverside Travel (Vince Marotta, Marine PBC, Getty)
A hedge funder followed his firm to South Florida and purchased a waterfront Jupiter property for $10.3 million.
Property information present Raymond and Terry Graziotto bought the residence at 19651 Riverside Drive to Adrianne Hilton and John Hedigan. Hilton and Hedigan secured a $4.5 million home loan from HSBC Financial institution in New York to comprehensive the acquire, according to documents.
Hedigan is a trader with Myriad Asset Management, a hedge fund that not long ago relocated to West Palm Seashore. Myriad was established in Hong Kong in 2011, and Hedigan was centered there until the company’s relocation announcement before this 12 months, Bloomberg noted.
Raymond Graziotto is co-founder and president of Seven Kings Holdings, a advancement organization dependent in Jupiter. In accordance to his profile on the 7 Kings site, Graziotto also sits on the board of Loggerhead Marinelife Middle, a sea turtle conservation middle in Juno Beach front, and is vice president of the Marine Industries Association of Palm Seashore County, which owns the annual Palm Seashore Worldwide Boat Present.
Graziotto bought the residence on a 1-acre property for $840,000 in 1999, in accordance to records. It was designed in 1994. The couple renovated the 5,962-square-foot, six-bedroom, 5-and-a-half-lavatory household in 2019, the listing exhibits. The house contains a major home, a visitor house, and 92 feet of water frontage alongside the Loxahatchee River.
Vince Marotta of Illustrated Properties experienced the listing, and Andrea Roth of Echo Wonderful Homes introduced the consumer.
The residential industry in Jupiter has taken off in recent months, responding to a ripple result of corporate relocations to Palm Seaside County. Babe Rizzuto, heir to the Conair fortune, paid $35 million previously this thirty day period for an oceanfront estate on Jupiter Island, one particular of the biggest deals to ever shut on the island. Also this thirty day period, Mayo Shattuck, former chairman of Chicago-dependent utility big Exelon, bought his Bear’s Club mansion for $15 million. Gary T. Nicklaus, the son of legendary golfer and study course designer Jack Nicklaus, marketed his Bear’s Club household for $7 million in March.
Brokerages have taken take note of heightened desire for the location. Corcoran lately opened an office environment in Palm Beach Gardens, particularly to serve Jupiter, Juno Beach front, and Palm Seashore Gardens.
