Marc Glimcher, president and CEO of Pace Gallery, sold his lakefront Palm Beach house for $19.2 million to Jamie McCourt, the former Dodgers CEO and ambassador to France and Monaco under the first Trump administration.
Records show Glimcher’s 1221 NLW LLC, a Delaware entity, sold the home dubbed “the Boat House” at 1221 North Lake Way to McCourt’s Sunflower Trust.
John and Lisa Cregan with Sotheby’s International Realty had the listing, and John Cregan brought the buyer.
McCourt was at one point the highest ranking woman executive in Major League Baseball. She and her ex-husband, developer Frank McCourt, acquired the Los Angeles Dodgers for $420 million in 2004. She was team president from 2005 to 2009, when she became CEO. The McCourts filed for divorce that year, and their split ultimately led to Frank McCourt selling the Dodgers for more than $2 billion in 2012. Theirs is believed to be one of the most expensive divorces in California history.
After the Dodgers sale, both McCourts found homes in South Florida. Frank McCourt dropped $77.1 million on an oceanfront Palm Beach estate in 2018, and sold it to Ken Griffin for $99.1 million a year later. Forbes shows his current home is in the nearby equestrian village of Wellington.
Jamie McCourt bought a waterfront home in Jupiter’s gated Admirals Cove for $8 million in 2019, and sold it for $15.5 million in 2023. She also sold a 22-acre estate in Napa for $14 million in 2022. She also served as the ambassador to France and Monaco in the first Trump Administration, a position held by Charles Kushner in the new Trump White House.
Glimcher bought the North Lake Way home for $14.3 million in 2021 from developer Todd Glaser, records show. It was built in 1940 on 0.3 lakefront acres. The home, designed by Belford Shoumate, spans 3,200 square feet, with five bedrooms and five bathrooms, records show. It also has a pool and a dock.
Glimcher’s father founded Pace Gallery in Boston in 1960, specializing in contemporary and modern art. It currently has nine sites globally, and has opened seasonally in Palm Beach in recent years. Glimcher listed the house for $30 million in 2023, dropping the price twice before selling at a $10.8 million discount, Zillow shows.
Palm Beach’s busy season was kickstarted by Donald Trump’s presidential victory, as pending contracts surged 400 percent in the weeks following the election. But sales have slowed since the onset of the trade war in March.
Last month, Duane Roberts, the inventor of the frozen burrito, bought an oceanfront estate for $48.5 million. Also last month, the home of late financier George Summers sold for $17.5 million.
