Investor and metals executive Daniel Rifkin dropped $17.7 million on a Bear’s Club mansion in Jupiter in an off-market deal.
Records show Rifkin bought the home at 232 Bear’s Club Drive from David Cohen and Jodee Seiders.
Rifkin is managing partner of Fort Wayne, Indiana-based North River Capital, an investment firm with a focus on metals companies. He is also president and CEO of MetalX LLC, a scrap processing and trading company. He was previously an executive vice president at Steel Dynamics, one of the largest steel producers and metal recyclers in the U.S.
Cohen is also a financier. He co-founded Iridian Asset Management, a Westport, Connecticut-based investment firm. Records show he bought an oceanfront mansion on Jupiter Island in Hobe Sound for $18.9 million in September.
Cohen and Seiders bought the Bear’s Club mansion for $6 million in 2014, records show. Built on 1 acre in 2010, the 8,700-square-foot home has five bedrooms, five bathrooms, two half-bathrooms and a pool, according to property records.
The couple listed the mansion for $19 million in April, Zillow shows. It was delisted in July. The sale price equates to a near tripling of home value in the decade Cohen and Seiders owned it.
The Bear’s Club a is a gated golf community in Jupiter, coveted by luxury buyers and known for high-profile residents. In June, heirs of the Johnson & Johnson fortune sold a home in the community for $13.4 million. In April, Michael Jordan, a longtime Bear’s Club resident, bought a second mansion for $16.5 million. In October of last year, Planet Fitness co-founder Michael Grondahl sold a mansion for $14.5 million.
