James Terlizzi, chairman of DRB Capital, sold his waterfront home in Gulf Stream for $15.9 million.
Records show he and his wife, Laura Terlizzi, sold their house at 8 Driftwood Landing to Zee El Ocho LLC, a Florida entity managed by Benjamin J. Bavly. He is CEO of Chestnut Hill, Massachusetts-based BlackStar Capital, according to LinkedIn.
Mother-son duo Candace and Phillip Friis with the Corcoran Group had the listing, and she brought the buyer.
Terlizzi is the chairman of Delray Beach-based annuity purchaser DRB Capital. Bloomberg shows he joined the firm in 2014 and was previously CEO of Peachtree Financial Solutions.
The Terlizzis bought the Gulf Stream house for $4.3 million in 2009, records show. Built that year on 1.1 acres, the 7,300-square-foot home has six bedrooms, six bathrooms, two half-bathrooms, a pool and 446 feet of waterfront with two docks, records and the listing show. The estate also has a guest house. The design team included architect Randall Stofft and Marc Michaels Interiors, the listing shows.
The couple listed it for $17.9 million in January and it went pending in May, according to Zillow.
It marks the latest in a string of pricey deals in Gulf Stream, a small luxury enclave north of Delray Beach, where homes trade infrequently. Last month, the Ganger family sold the oceanfront Vanderbilt estate known as Miradero for $21.6 million after one month on the market. It was originally designed by Maurice Fatio for Lila Vanderbilt Webb, granddaughter of Commodore Cornelius Vanderbilt.
Also in September, local attorney Henry Rosen dropped $22 million on an oceanfront home. The seller was Bon Property LLC, a Delaware entity managed by Aogán O hAoláin, who also manages the entity Bos Property LLC, which sold a Highland Beach mansion for $28.5 million in March.
