Authentic Estate Investor Purchases Delray Seaside Mansion for M

Authentic Estate Investor Purchases Delray Seaside Mansion for $22M


553 Harbor Court and 526 North Ocean Boulevard in Delray Beach front (Google Maps)

A nearby actual estate investor paid out $22 million for a mansion throughout from the ocean in Delray Beach.

Information exhibit Daniel E. Edwards purchased the adjacent qualities at 553 Harbor Court and 526 North Ocean Boulevard from Michelle Broda. Broda is the widow of a West Virginia fracking mogul, Randy Broda, who died in March of very last yr. He was president of Jay-Bee Oil & Gas in Cairo, West Virginia.

Edwards is a genuine estate trader with a portfolio of qualities across Palm Beach front County, primarily in Delray Seaside, assets information clearly show. State information also tie Edwards to various Florida LLCs. Because 2020, Edwards has expended at the very least $11.6 million on homes in the region, in accordance to data.

Warren Heeg, a broker with Compass, represented equally sides of the latest deal.

Broda and her late partner bought the mansion at 553 Harbor Courtroom for $4.9 million in 2010, data exhibit. They acquired the adjacent property at 526 North Ocean Boulevard in 2015 for an mysterious quantity, in accordance to home data. Mixed, the homes span more than an acre and are right across the street from the Atlantic Ocean.

The main residence spans 12,000 sq. feet, with five bogs, and 7 bogs, records demonstrate.

Heeg said the Brodas transformed the residence on the second home into an 8,000-sq.-foot, two-bed room, two-and-a-50 %-toilet guest dwelling.

The residence also involves a 12-automobile garage, pool, movie theater and bocce court, the listing shows.

The sale marks a single of the priciest in Delray Seashore in the past 12 months. The market place has softened from a almost 3-calendar year-long pandemic-fueled high, but costs have been holding. The median sale value in Delray Beach front in December rose 27.6 percent, year-about-yr, while gross sales volume declined 42.3 percent throughout the exact period, according to information from Redfin.

Delray Beach saw numerous expensive profits during the pandemic heyday. In October 2021, an lawyer bought an oceanfront estate for $34 million. That very same thirty day period, a healthcare investor purchased a waterfront mansion for $17.2 million. In August 2021, Steven Cohen, billionaire operator of the New York Mets, bought a waterfront dwelling for $21.6 million.



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