341 Aged Jupiter Seaside Road and 2169 Driftwood Circle with Frank Seminara (Getty, Billy Nash, Michael Laurenzano)
Retired Padres and Mets pitcher Frank Seminara is heading to a new property in South Florida.
The former MLB professional turned Morgan Stanley money adviser downsized from his waterfront property in Jupiter to one more waterfront assets in Palm Seashore Gardens.
Tony Hernandez is representing Seminara in the obtaining and selling of both equally homes. He was also the developer of both equally households.
Records present Seminara purchased the home at 2169 Driftwood Circle for $5.8 million from the estate of Ronald C. Martin Sr., with Ronald C. Martin Jr. signing on behalf of his late father. Martin Sr. was a longtime spouse at Ernst and Younger, and passed absent in March.
Billy Nash of Illustrated Properties represented the sellers.
Martin Sr. bought the residence for $3.1 million in 2020, according to documents. The five-bedroom, five-rest room household spans practically 6,000 sq. feet, sits on .3 acres with 100 feet of waterfront. Nash claimed the house is suited for a fisherman, and arrives with a tackle space in addition to a personal dock.
Hernandez claimed that Seminara’s waterfront Jupiter home at 341 Old Jupiter Seashore Highway is closing for just beneath $10.9 million on Friday. Hernandez made it on spec and sold it to Seminara in July of very last year for $7.4 million, in accordance to MLS records.
The virtually 7,000-sq.-foot, five-bed room, 7-rest room dwelling also has 100 ft of drinking water frontage, and sits on .7 acres, according to the listing.
Hernandez explained multiple variables motivated his consumer to relocate down to Palm Seashore Gardens.
And the transactions had been an prospect for the developer to witness the prosperous maturity of his speculative projects.
“It’s a distinctive posture to be in –– absolutely everyone who purchased from you is in the favourable of thousands and thousands of dollars,” he stated. “It was a truthful, acquire-win scenario for everyone involved.”
Seminara’s Palm Seashore Gardens obtain demonstrates how the group has preserved current market desire and potent pricing even as the current market begins to settle from its fevered gold rush in excess of the past two several years.
“The final 24 months was a frenzy, and the frenzy is in excess of, but the demand nonetheless exists,” stated Nash.
He emphasised the vast majority of buyers in the Palm Seashore County luxury market are hard cash consumers, and not necessarily impacted by rising property finance loan rates, which just strike a 21-calendar year higher.
