In the most current roundup of South Florida household sales, a Michigan car or truck supplier, Subway bakery trader and sporting products scion acquired and sold properties across the location.
Profits spanned Golden Beach front to Palm Seaside, and selling prices ranged from $9.4 million to $18 million.
Golden Seashore
In Golden Seashore, an trader team marketed a renovated non-waterfront residence for $12 million.
Douglas Elliman agent Brett Harris confirmed that he and Lance Burstyn, by their O B Development LLC, bought the house at 128 Ocean Boulevard. The deed is not nevertheless general public and the consumer is not known. Harris experienced the listing.
The expense group acquired the property for $5.4 million in 2019, documents demonstrate. Constructed in 2018 on .4 acres, the 7,700-sq.-foot residence has 5 bedrooms, 7 loos, two fifty percent-bathrooms and a pool, according to property data. The group updated the property and outlined it for $12 million in November, Redfin reveals.
Considering the fact that closing, Harris has relisted the residence for lease, inquiring $60,000 a thirty day period, in accordance to Redfin.
Fort Lauderdale
In Fort Lauderdale, car dealer Todd Wenzel bought an incomplete waterfront spec mansion for $18 million.
Records demonstrate Wenzel bought the website at 3 Pelican Push from 3 Pelican Travel LLC, a Florida entity managed by courtroom-appointed receiver Glen Waldman.
Wenzel founded Todd Wenzel Automotive, a automobile dealership group that sells GMC, Buick and Chevrolet brand vehicles in Michigan, its website reveals.
The LLC is registered to Jon Owoc, the son of embattled vitality consume mogul Jack Owoc, who dropped a file $40 million on an oceanfront Fort Lauderdale mansion in October. The elder Owoc launched Bang Electrical power, and leveraged TikTok influencer advertising and marketing to achieve reputation in modern several years. Owoc shed regulate of his organization immediately after Monster efficiently sued the agency for untrue marketing and gained $293 million in damages, in accordance to published experiences. Now, Bang’s liquidator is trying to find far more than $100 million from Jack Owoc for his mismanagement of the beverage agency, together with his use of company money to finance his son’s authentic estate endeavors.
Jon Owoc acquired the .4-acre Pelican Generate residence for $3.9 million in 2020, records demonstrate. He tore down the current home.
Palm Beach
In Palm Seashore, a Dallas pair who built their fortune in Subway sandwiches marketed a Kirkland Residence apartment at a reduction for $11.9 million.
Information clearly show Bennie and Stephanie Bray offered unit 3A at 101 Worthy of Avenue to Richard Mashaal and Evelyn Jerassy.
Dana Koch of the Corcoran Team had the listing.
Mashaal is CEO and co-main investment decision officer of New York-based mostly expenditure firm Senvest Management. Previous month, Senvest agreed to pay a $6.5 million penalty after the Securities and Exchange Fee billed the business with failures to preserve documents and uphold a code of ethics, a press launch displays.
Bennie Bray is an operational partner with the Dallas-based investment company CIC Companions and a direct investor in CraftMark Bakery, the Indianapolis-primarily based operation that provides Subway’s baked products. In 2010, the pair acquired the former Palm Beach residence of Bernie Madoff from the U.S. authorities for $5.7 million. They sold it for $9 million in 2013, records present. In October, they purchased a flipped Palm Beach front townhouse for $13.9 million.
The Brays purchased the Kirkland Residence unit for $15 million in 2022, documents display. The renovated unit spans 4,100 square toes, with 3 bedrooms, 4 bogs and one fifty percent-lavatory, in accordance to the listing. The condominium setting up was done in 1974, house data show.
The few mentioned the device for $16.5 million in April of very last calendar year, subsequently dropping the price tag three times just before advertising it for about $4 million significantly less than they paid for it.
Somewhere else in Palm Seaside, inside designer Linda Saligman sold a renovated, non-waterfront house for $13.5 million.
Records display Saligman bought the home at 230 Atlantic Avenue to a Delaware LLC named for the address.
Lisa and John Cregan of Sotheby’s Global Realty had the listing, and Joshua McPherson and Farhad Farman of Douglas Elliman introduced the buyer.
Saligman is the widow of Harvey Saligman, the previous CEO of St. Louis-centered shoe and furnishings maker Interco (afterwards known as Furnishings Models Worldwide) and handling spouse of true estate financial investment organization Cynwyd Investments. He died in 2013.
She bought the Atlantic Avenue residence for $4 million in 2019, data display. Built in 2007, the 4,000-square-foot household on .2-acres has 3 bedrooms, a few bathrooms, two 50 %-loos and a pool, according to house records.
Saligman mentioned it for $14.8 million in Oct, Redfin demonstrates.
West Palm Seaside
More than the bridge in West Palm Seaside, a Palm Seashore pair downsized to a non-waterfront spec property in the El Cid neighborhood for $9.4 million.
David and Becky Gochman acquired the home at 201 Sunset Street from Palm Seashore Trojans LLC, a Florida entity with Jeremy Myers signing, according to documents.
Gary Pohrer of Douglas Elliman experienced the listing, and Ryan Beckett of BitRealty brought the consumers.
David Gochman marketed Academy Athletics & Outdoor, his family’s Texas-based mostly sporting products empire, to the personal fairness firm KKR for $2.1 billion in 2011, according to published studies. The family’s net well worth was estimated at $2.5 billion in 2015, Forbes displays. The few also owns an oceanfront residence at 200 South Ocean Boulevard in Palm Seashore, which they at present have listed for $59 million. It is a person of the priciest listings on the island this period.
Their new .3-acre Sunset Street home previous offered for $830,000 in 2022, documents exhibit. Myers demolished the existing residence that calendar year, and completed a 4,800-sq.-foot household with five bedrooms, 5 bogs, just one half-lavatory and a pool this 12 months, the listing displays.
It detailed for $10.5 million in January, in accordance to Redfin.
