Helen M. Ziegler, an heiress to a century-old fortune, sold her fully furnished Palm Seashore house for $15.9 million.
Records display Ziegler, formerly Helen Ziegler Benjamin, sold the household at 449 Australian Avenue to Southern Mark LLC, a Delaware entity. Wisconsin-primarily based lawyer D. Clarke Sugar signed on behalf of the purchaser.
Shelly Newman of the Corcoran Team represented both equally the consumer and vendor in the deal. Newman verified the consumer is from California, but declined to remark on their identification.
Ziegler’s household designed its income from baking powder, corn and cigars. Her fantastic-grandfather, William Ziegler, co-established Royal Baking Powder Organization in 1866, and it grew to become one of the biggest baking powder producers in the state, in accordance to released studies. He then purchased American Maize-Solutions Business, a corn producer. Helen M. Ziegler’s grandfather, William Ziegler Jr., was its longtime chairman, and her father, William Ziegler III, led the company soon after him.
In the course of Ziegler III’s tenure, American Maize obtained the tobacco corporation Swisher. In 1995, the spouse and children offered American Maize, but retained handle of Swisher and took it public in 1996. It stays one particular of the major cigar producers in the entire world, according to Cigar Aficionado. Forbes claimed the family’s fortune totaled $2.8 billion in 2015. That was the exact yr Helen Ziegler’s brother, Peter, endured an accident that paralyzed him underneath the neck. He died two yrs later, and remaining his shares in just one of the family’s organizations to a charity supporting paralyzed men and women and their caregivers –– about $184 million, the Stamford Advocate noted. Helen Ziegler sued unsuccessfully to block the donation.
She purchased the Palm Seaside home for $14.9 million in 2022, documents show, immediately after splitting with her spouse, Olympic sailor Stephen Benjamin. He sold the couple’s former Gulf Stream household for $16.5 million a couple of months later on.
The Australian Avenue dwelling was crafted in 2017 on .2 acres, assets information exhibit. The house features 4 bedrooms, 5 loos, one 50 percent-toilet and a pool. She outlined it for $17 million in November, Redfin exhibits.
Newman claimed she “knew it was heading to sell this period.”
“Good inventory is going to offer, it’s not heading to sit there,” she reported.
The offer follows some big Ziegler household revenue in their house condition of Connecticut. In 2016, the Zieglers detailed their 63-acre non-public island for $120 million. Recognised as Fantastic Island, just off the coast of Darien, they experienced owned it for a lot more than a century. They sold aspect of the island to the city of Darien for $85 million in 2023, and earlier this month it opened to the community as a park, the Darien Occasions noted. In December, the loved ones marketed their adjacent 52-acre Ziegler Farm to an unfamiliar buyer for $57.5 million, according to the outlet.
