An marketing government for footwear huge Skechers dropped $18.8 million on a waterfront townhome in Highland Seaside.
Gary Patrick and his wife, yoga entrepreneur Ellen Patrick, acquired the townhouse at 4513 South Ocean Boulevard from MDM 217 FL, a Florida entity, records present. Wisconsin-primarily based attorney Meghan Berndt signed on behalf of the vendor.
Gary Pohrer and Nick Malinosky of Douglas Elliman had the listing, and Nancy Ghen of Coldwell Banker Realty introduced the customers.
Gary Patrick is a senior vice president and world-wide promotion director at Skechers, the Manhattan Seashore, California-primarily based footwear huge. The business is a person of the premier shoe manufacturers in the country, and introduced in $8 billion in earnings very last 12 months, according to released reports. Patrick’s wife, Ellen Patrick, is a yoga entrepreneur and respiratory expert who also owned therapeutic salt rooms in New York City in the mid-2010s. The salt rooms have due to the fact shut.
Data show the pair owns two other Palm Beach County homes. 1 is a condo in Boca Raton’s Sea Ranch Club that they acquired for $1.9 million in 2016, and the other is an oceanfront property in Delray Beach front that they bought for $8 million in August.
The couple’s new Highland Seashore property previous bought for $13.5 million in 2021, records present. It is a component of Boca Cove Highland Beach, a 42-unit waterfront condominium throughout the street that was formulated by Steve Tebon and Seadar Builders, and made by Randall Stofft Architects.
Completed that yr, the townhouse spans 7,300 sq. toes, with 4 bedrooms, six bathrooms and four fifty percent-bogs, in accordance to residence data. The townhouse contains a health and fitness center with a sauna, a match home, lounge, bar and pool, the listing demonstrates.
It hit the marketplace for $21.9 million in September, in accordance to Redfin.
Other the latest luxury sales in Highland Beach involve spec developer Pascal Nicolai’s $30 million sale of an oceanfront mansion in November.
John D. Desprez III, CEO of Delray Beach front-based InspereX, offered a waterfront house for $9.8 million in July.
