Financier Steven Hudson sold a townhouse in Palm Beach for $16.5 million, two years after buying it for $14.4 million.
Records show the buyer of the townhome at 220 Brazilian Avenue is Crystal Lahners, who is seeking to sell her waterfront estate in Siesta Key for $31.5 million, making it the most expensive listing in the Sarasota area.
Christopher Leavitt with Douglas Elliman had the listing for the townhouse, and Ashley Copeland with Brown Harris Stevens represented the buyer.
Lahners is the widow of prominent ophthalmologist Dr. William Lahners, who died suddenly of a heart attack in 2021. He was 53, according to his obituary. He was a partner with Center for Sight (CFS), an eyecare group with locations across Florida. Lahners and his partners sold CFS for an undisclosed amount in 2019, but Crystal Lahners remains a shareholder, according to the Wall Street Journal. It now also has the investment backing of Pamlico Capital, a private equity firm based in Charlotte, North Carolina.
The Lahnerses had already begun construction on their 2.7-acre waterfront estate in Siesta Key when he died, and Crystal Lahners completed the 10,000-square-foot mansion last year, the Journal reported. It hit the market in February.
Hudson is CEO of ECN Capital, a financial services firm based in Toronto. He bought the townhouse for $14.4 million in 2023. Built in 2022 on 0.2 acres, the 4,000-square-foot townhome has four bedrooms, five bathrooms and a pool, according to property records.
Hudson listed it for $17 million in March of last year, Redfin shows.
Donald Trump’s presidential victory jumpstarted Palm Beach real estate’s busy season in November. Pending deals surged 400 percent, year-over-year, in the weeks following the election, but fewer trophy sales have closed this year than in recent seasons.
Last month, Andrew Farkas, chairman and CEO of Island Capital Group, sold his oceanfront mansion for $51.4 million. Billionaire Red Ventures co-founder and CEO Ric Elias sold his oceanfront mansion for $73 million in March, marking the most expensive closing so far this season. Billionaire beauty mogul William Lauder is in contract to sell 2.3 oceanfront acres he had listed for $177.8 million, but the deal has yet to close.
