British investor Pamela W. Starret sold a lakefront estate in Palm Beach for $72 million, marking one of the first trophy deals on the island this year.
Starret sold the mansion at 1460 North Lake Way to an undisclosed buyer in an off-market sale. Gary Pohrer with Serhant represented the seller, and Margit Brandt with Premier Estate Properties brought the buyer. The deal hasn’t yet appeared in public records and was first reported by the Wall Street Journal.
Starret bought the 9,900-square-foot mansion for $21.4 million in 2018, according to property records. She listed a Toronto mailing address on the deed. She first listed the mansion in 2024 with Brandt, asking $95 million.
The 0.7-acre waterfront property was built in 2005 and includes six bedrooms, six bathrooms, three half-bathrooms, a wine room, a pool and a dock. It also has 165 feet of waterfront. Starret spent $25 million renovating the estate, according to published reports.
The deal marks the latest residential sale over $50 million on the island market in recent months. Earlier in December, coffee magnate Bob Stiller sold another lakefront mansion for $66.1 million, barely over what he paid for it in 2023.
Nearby, in North Palm Beach’s gated Lost Tree Village, chewing gum heir William Wrigley Jr. sold a waterfront compound for $97.5 million. It marked a record price for the golf community and was the second-most expensive residential sale in Palm Beach County last year. Also in December, billionaire optometrist and inventor Dr. Herbert Wertheim bought an oceanfront Manalapan estate for $65 million.
Palm Beach’s busy season for luxury real estate has just begun, and a stacked pipeline of nine-digit listings are poised to break records for the island. Christian Angle with Christian Angle Real Estate has the $205 million listing for the mansion at 1491 North Ocean Boulevard, which would be the island’s most expensive home ever sold if it sold for at or near that asking price.
