In a case of island home-hopping, media mogul Cathie Black and her husband, Thomas Harvey, sold their Palm Beach house for $18 million in an off-market deal. The sale closed just days after they bought another home on the island for $12 million.
Records show Black and Harvey sold the 3,600-square-foot home at 1066 North Ocean Boulevard to Creekshore LLC, a Delaware entity. The true buyer is unknown.
The quarter-acre property is across the street from William Lauder’s 2.3 oceanfront acres at 1063 and 1071 North Ocean Boulevard, asking $177.8 million. After two years on the market and a price cut, the billionaire beauty heir went into contract to sell the property in February. The deal has yet to close, and the final sale price is unknown.
Black and Harvey bought the house at 1066 North Ocean Boulevard for $4.2 million in 2018, property records show. It was built in 2003 and has three bedrooms, four bathrooms and a pool, according to records.
Harvey is an attorney. Black spent the first half of her career as a media mogul, as outlined in a 2010 New York Times profile. She spearheaded ad sales at Gloria Steinem’s Ms., became New York Magazine’s first woman publisher, and was president of Hearst Magazines from 1995 to 2010, during which time she helped launch Oprah Winfrey’s O, The Oprah Magazine. She was a longtime board member of the Coca-Cola Company, a position from which she resigned when Michael Bloomberg, then the mayor of New York City, nominated her as the city’s schools chancellor in 2010. It was an ill-fated, short-lived endeavor marked by controversy. Black left the post after just 95 days, and in 2015 launched the investment firm Madison Park Ventures.
The couple sold their Palm Beach home, but are not straying far. They bought the house at 302 Via Linda in Palm Beach for $12 million earlier this month, records show. The seller was the estate of Michael F. Neidorff, the late CEO of health care giant Centene Corporation. He died in 2022.
Neidorff bought the 4,400-square-foot house for $6.3 million in 2018, records show. It was built in 1961 on 0.3 acres and has five bedrooms, five bathrooms, one half-bathroom and a pool, according to property records.
The home listed in 2022 for $20 million, Zillow shows.
While the island’s busy season is winding down, deals are still closing. Earlier this month, Lisa Hedley, the stepsister of former Treasury Secretary Steve Mnuchin, sold a waterfront house for $23.8 million. Also this month, Marc Glimcher, head of Pace Gallery, sold his lakefront home for $19.2 million to Jamie McCourt, the former Dodgers CEO and Donald Trump’s former ambassador to France and Monaco.
