Fischer & Co’s Cliff Fischer with 100 Royal Palm Way PH-1 (Google Maps, Fischer & Co)
The founder of Dallas-dependent Fischer & Co. bought an oceanfront Palm Beach penthouse for $15 million, his 3rd condominium buy in the area.
Data show Clifford and Rhonda Fischer bought unit PH-1 of One particular Royal Palm Way, a rental creating at 100 Royal Palm Way, from a Delaware LLC named for the handle. The correct seller is unfamiliar.
Linda Olsson of Linda R. Olsson represented equally the prospective buyers and the seller.
Fischer established his namesake professional true estate tenant illustration agency in 1985, which counts FedEx, Greenback General and IBM amid its customers. He begun the company with his ex-wife Gail Fischer, and the pair split ownership as part of their August 2019 divorce settlement. Litigation continued pursuing the divorce, such as allegations by Fischer & Co. that Gail Fischer withdrew $5 million of corporation funds in a breach of fiduciary duty. The courtroom sided with Cliff Fischer and the organization, dismissing Gail Fischer’s civil go well with in April 2021.
Cliff Fischer married Rhonda Fischer in December 2019. She is the widow of Calvin Howard Wilkins, the previous U.S. ambassador to the Netherlands beneath George W. Bush.
The Fischers’ new penthouse spans 2,870 square feet, with 3 bedrooms and 3 bogs, data present. The unit’s defining feature is a 3,000-square-foot wraparound terrace facing the oceanfront, according to the listing.
The previous house owners bought the apartment, designed in 1969, in 2000 for $2.7 million, records present. The listing states it was renovated, having said that Olsson declined to remark on the work completed.
Rhonda and Clifford Fischer also personal a condominium in the Bristol in West Palm Seashore. They acquired the three-bed room, a few-toilet, 3,826-sq.-foot unit in 2021 for $7.7 million, according to information.
Home records also display Cliff Fischer independently owns a two-bed room, two-rest room rental in the President in Palm Beach front. He acquired the unit with Gail Fischer in 2011 for $220,000. She was taken out from the deed in 2019.
Condos represent a smaller sized piece of the Palm Seashore residential market place, which is dominated by the island’s luxurious one-loved ones households. Pandemic-triggered migration to Palm Beach front introduced unparalleled demand and led to surging selling prices all through the previous two yrs, a trend that has just started to simmer.
In accordance to Olsson, the Palm Beach apartment current market stays solid. Nancy Shevell McCartney, Paul McCartney’s spouse, sold her late father’s apartment for $13.5 million in June. That same thirty day period, developer Todd Glaser and his associates bought the Tiffany apartment on Worth Avenue for $15.5 million with options to flip the unit. Terry Taylor, the largest non-public car dealership owner in the nation, acquired a Palm Seashore apartment for $7.5 million in May.
