Canadian baby products mogul Maurice Pinsonnault sold an oceanfront estate in North Palm Beach’s gated Lost Tree Village for $55 million, marking the most expensive home ever sold in the enclave.
Records show Pinsonnault sold the mansion at 12032 East End to Fontaine Road LLC, a Delaware entity. The true buyer is unknown.
James Kenny and Paul Kaneb with K2 Realty had the listing, and Kenny brought the buyer.
Pinsonnault is the founder of Montreal-based Angelcare, a maker of baby and toddler products like baby baths, monitors and night-lights. He is a frequent investor in Palm Beach County real estate. In 2020, he sold a North Palm Beach condo for $7.4 million and a Palm Beach house for $14 million.
He bought the East End mansion for $32 million last year, according to property records. It was built in 1992 on 1.4 acres and spans 10,500 square feet, with six bedrooms, six bathrooms and three half-bathrooms, records show. The estate also has 103 feet of oceanfront, a pool, gym, wine room and a six-car garage. Pinsonnault renovated the compound in 2022, and it hit the market asking $60 million last month, the listing shows.
Pinsonnault isn’t going far. He bought a non-waterfront home also in Lost Tree Village for $8.2 million earlier this month.
The latest sale marks a record for Lost Tree Village, but not for all of North Palm Beach. The price record for North Palm Beach is held by Larry Ellison, who bought an oceanfront 7.4-acre teardown in the gated Seminole Landing community in 2021 for $80 million. He listed the compound for $145 million in 2022, but took it off the market the following year.
Lost Tree Village is a coveted community known for high-profile residents, including golf great Jack Nicklaus, who designed its course. In February, a different oceanfront mansion sold for $31.9 million.
