Jon Steinberg, a media executive known for founding Cheddar News, bought a Palm Beach spec home for $14.6 million in an off-market deal.
Records show Steinberg and his wife, Jill Steinberg, bought the house at 234 List Road from Valley Property Management LLC, a Massachusetts entity managed by Phil Cambo. Cambo is the president of Palmer, Massachusetts-based Northern Tree Service.
Steinberg recently started in a new role as managing director of the Media, Entertainment & Sports Group at the asset management firm Lazard. He is based in the company’s West Palm Beach office, according to its website. Prior to joining Lazard, Steinberg was CEO of Future, the London-based parent company of media brands like Marie Claire, Who What Wear, and Tom’s Guide. He previously founded Cheddar News, which he sold to Altice USA for $200 million in 2019, according to published reports.
Cambo bought the 0.3-acre List Road property for $6.5 million in 2022. He tore down the previous home and built a 5,000-square-foot house with five bedrooms, five bathrooms, one half-bathroom and a pool, Realtor.com shows. It hit the market for $17.5 million in 2024, according to the listing site.
It marks the latest pricey Palm Beach sale this fall. Earlier this month, Lucerne Capital Management founder Pieter Taselaar sold his mansion on the island for $29.5 million in an off-market deal. Also this month, ex-Apple CEO John Sculley sold his oceanfront estate for $37 million.
Market insiders anticipate dealmaking to pick up as the island enters its busy winter season. So far, the priciest closing this year is Hellman Jordan founder Jerry Jordan’s July sale of his lakefront compound for $86.5 million. The other blockbuster deal on the island this year is actually several deals: A buyer linked to Microsoft, who sources say is Excel creator Charles Simonyi, has been quietly assembling a sprawling portfolio of land and homes for more than $350 million.
