Jay Turner, a developer and scion of the Dollar General family with ties to Vanderbilt University, is revealed as the buyer of the oceanfront Vanderbilt estate in Gulf Stream known as “Miradero.”
Records show Turner’s Commodore Gulfstream LLC dropped $21.6 million on the compound at 1443 North Ocean Boulevard. The seller is the Ganger family’s Ganger Miradero Community Property Trust. Pascal and Antonio Liguori with Premier Estate Properties had the listing, and Candace Friis with the Corcoran Group brought the buyer.
The sale was reported in September, but the buyer was not previously known.
Turner is the head of Nashville-based Market Street Enterprises, the development firm founded by his late father, James Stephen “Steve” Turner, who is largely credited with the revival of the Nashville neighborhood, the Gulch, now known as a retail and restaurant hub. The Turners are members of the billionaire family that founded discount retailer Dollar General. They are also alumni and longtime supporters of Vanderbilt University, which is seeking to open a graduate school campus in nearby West Palm Beach.
The 0.9-acre Miradero was designed by famed Palm Beach architect Maurice Fatio for Lila Vanderbilt Webb, granddaughter of Commodore Cornelius Vanderbilt, in 1928. It was last sold to the Ganger family for an undisclosed amount in 1970, according to published reports. The three-building compound totals nine bedrooms, 10 bathrooms and a pool and spans 121 feet of beachfront, records show.
The estate hit the market asking $25 million in September, Zillow shows.
Turner’s purchase isn’t the only pricey Gulf Stream deal in recent months. In September, attorney Henry Rosen bought a $22 million oceanfront home. Last year, Debra Levitetz, the ex-wife of Purity Wholesale Grocers founder Jeffrey Levitetz, sold her oceanfront teardown for $39 million, making it the most expensive home ever sold in Gulf Stream.
