Palm Beach: (561) 659-5113
Dominican Republic: (809) 523-2273

Plan for Palm Beach mansion on part of former Trump estate advances

The mansion would be built on one of three lots from a subdivided 6.3-acre estate that Trump sold in 2008 to a Russian billionaire.

Palm Beach approved the design of an oceanfront mansion that would be built on one of three lots that were part of the 6.3-acre estate President Donald Trump sold in 2008 to a Russian billionaire.

But the town’s Architectural Commission rejected the design of a house planned for another lot at the former Trump estate.

The Architectural Commission approved the design of a six-bedroom house and a two-bedroom guesthouse at 515 North Ocean Boulevard. The design is a blend of contemporary and classical styles.

Bridges, Marsh & Associates designed the house and guesthouse at 515 North Ocean Boulevard, which is adjacent to an oceanfront home owned by Dr. Mehmet Oz, the celebrity surgeon, and his wife Lisa.

The vacant lot at 515 North Ocean Boulevard is one of three lots in a subdivision of the former Trump estate, which Russian fertilizer mogul Dmitry Rybolovev bought in 2008 for $95 million.

Representatives of Rybolovev last year won town approval to demolish the former Trump estate.

A year ago, a company affiliated with Rybolovev sold the lot at 515 North Ocean Boulevard, a 2.35-acre parcel, for $34.3 million. It is unclear who owns the lot because the buyer acquired it through a trust.

Though the Architectural Commission last week approved the design of the house and guesthouse at 515 North Ocean Boulevard, it also rejected the contemporary design of a house planned for another lot in the subdivision at 535 North Ocean Boulevard.

A company controlled by Mark Pulte of Mark Timothy Inc. of Boca Raton bought the lot at 535 North Ocean Boulevard in October for $37 million.

It appears that Rybolovev still owns the third lot carved from the former Trump estate at 525 North Ocean Boulevard.
– Mike Seemuth

NetJets founder sells Jupiter mansion at a loss

Jersey buyer purchased waterfront home at 20% discount

 

The founder of NetJets, a precursor to companies like JetSmarter and JetSuiteX, just took off from his waterfront Jupiter mansion.

Property records show Richard and Margaret Santulli sold their home at 370 Eagle Drive to Stateside Investments Limited, a company with a Jersey address, for $5.73 million.

The nine-bedroom, nearly 15,000-square-foot estate was listed for about six months with Rob Thomson of Waterfront Prop. & Club Communities. It was on the market for $7 million and closed at a 20 percent discount.

The property features a master suite, hand-painted sinks, a stained glass dome skylight, five fireplaces, marble and wood floors, a full-house generator and home theater, according to the listing.

The Santullis paid $9 million for the mansion in 2002, which means they sold it at a loss. Richard Santulli founded NetJets, a company that pioneered the timeshare concept for business jets. In the late 1990s, he sold the company to Warren Buffett’s Berkshire Hathaway for $725 million.

Single-family home sales in Palm Beach County fell 3.8 percent to 1,261 closings last month, according to the Florida Realtors.

Move into your New Beach House this Winter

OCEAN BREEZE

REDUCED PRICE: $28,500,000

EXCLUSIVE OPEN HOUSE: NOVEMBER 14, 2017 12 pm – 2 pm

Complimentary lunch will be offered by Gina Stavropoulos with Wells Fargo. Please RSVP to Kimberly Whetsel at 561.578.2242 or kwhetsel@fanjulrealestate.com

1500 S Ocean Boulevard

~ Manalapan ~ 

6 Bed Rooms | 9 Bathrooms | 3 Powder Rooms
Settled perfectly between the intracoastal waterway and the Atlantic, this island style home has been called “OCEAN BREEZE”. Classical meets tropical with this sprawling estate that was built in 2008 with the finest custom details available, it is the perfect family gathering spot for fun in the sun. The home is situated on 1.6 acres in Manalapan, has 178 feet of ocean frontage, 139 feet of lake-front and a dock with a lift. The living room, Florida room, library, kitchen, breakfast room, covered porch, summer kitchen, pool, jacuzzi and all 6 bedrooms have expansive views of the water. An attractive setback security gate frames the property and offers the up most privacy and security. The motor court leads to the tropical coconut lined entrance and to the 4-car garage that is lined with bougainvillea. This house is a must see. Especially all the custom finishes throughout that make this house feel like you’re living in the tropics.
OCEAN BREEZE OFFICIAL WEBSITE
OFFERED EXCLUSIVELY THROUGH

CRISTA RYAN
561.313.1327
crili@aol.com


Office: 561.659.5113
220 Sunrise Ave
Suite 103
Palm Beach, Florida 33480

1500 S Ocean Exclusive Open House


Tina Fanjul Associates cordially invites you to an exclusive open house at 1500 S Ocean Blvd in Manalapan. Join us on Tuesday November 14th from noon – 2 p.m. and lunch will be provided. This direct oceanfront home has no equal with panoramic ocean views from nearly every room. Built in 2008 with custom details and fine craftsman finishes. See more about this home here.

On The Move

The Stop and Shop for fresh and cooked dinners
Courtesy of:

New Listing
OPEN HOUSE, Thursday, November 9, 10:00 am – 12:00 pm

222 PLANTATION ROAD
$5,300,000

Built in 2004, the house has many classic Bermuda features. Open living spaces, trey ceilings, beamed ceilings, custom molding, French doors and natural southern light adorn this 4,412 square foot home. The expansive master suite opens to the pool and includes his and her closets along with a library. Each of the three guest bedrooms has en suite bathrooms. The lush landscaping creates a private setting for the covered patio, pool and garden area great for outdoor living and completes the Florida feel of this home, ideal for entertaining family and friends. See more here

Reduced Price
OPEN HOUSE, Thursday, November 9, 12:15 pm – 2:00 pm

207 PENDLETON ROAD
$3,900,000

Traditional white brick colonial 2 story home overlooking the  Breakers Golf Course that is full of natural light. Formal foyer with a circular staircase, living room with floor to ceiling windows, fireplace and opens to a large sun filled loggia. There is a formal dining room and the kitchen has an eat in area, butler’s pantry and ready for an update.  The master bedroom has a his and hers bathroom and a study, all other 3 bedrooms have private bathrooms. The pool is wonderful with a fountain and located off a covered patio.  The garden has mature trees, fenced in yard that creates a lush private tropical setting. See this listing
Just Listed
OPEN HOUSE, Thursday, November 2, 10:00 am – 12:00 pm

269 JAMAICA Road
$2,900,000

Charming updated Mid-century Modern home located on the north end of Palm Beach. It has 3 bedrooms, 3 bath, a sun-filled floor plan, marble floors, painted white wood beamed ceilings, updated kitchen and bathrooms and a very private pool patio surrounded by a lush tropical garden.  The home is freshly painted, clean and ready to move in. Find out more

Availabe for rent: $20,000/month Seasonally, $13,000/month Annually

Crista Ryan
561.313.1327


Office : 561.659.5113
220 Sunrise Ave
Ste. 103
Palm Beach, FL 33480

Frisbie Group buys 125 Worth Avenue

Crocker Partners sold the Class A office building

 

Crocker Partners sold a landmark building on Palm Beach’s Worth Avenue for $30.7 million to Frisbie Group.

Frisbie plans to modernize the 50,000-square-foot Class A office building at 125 Worth Avenue with interior renovations, technological upgrades and new landscaping, according to a press release. It’s 83 percent leased to the Neiman Marcus Group, BB&T Bank, Ferretti Group and UBS.

HFF’s Hermen Rodriguez, Ike Ojala, Tracey Goo and Christina Kong represented Crocker Partners, and HFF’s Maxx Carney and Christian Griffith arranged the financing and represented the buyer.

It’s the first acquisition for the firm on Worth Avenue, managing director Robert Frisbie said. Nearby retailers include Gucci, Neiman Marcus, Saks Fifth Avenue and Ferragamo.

The building last sold for $13.65 million in 2004, according to property records. Crocker Partners later took over ownership of the selling entity, Whalou Properties III LLC, but it’s unclear how much the Boca Raton-based firm paid.

In March, the Amirsaleh Family Trust paid $19.5 million for the Via Bice building at 313 1/2 Worth Avenue and 320 Peruvian Avenue.

But even Worth Avenue isn’t immune to the struggling retail industry. Earlier this year, Cartier closed its store at 214 Worth Avenue, which was the French jeweler’s second in the U.S.

Frisbie is also in the midst of revitalizing a portion of Royal Poinciana Way, which is frequently referred to as the town’s Main Street. The project consists of six new two-story buildings with luxury retail on the ground floor and 7,000-square-foot luxury condos on the top floor.

On The Move

Nothing like the smell of fresh baked goods for your new home!
Courtesy of:

Ocean Breeze OPEN HOUSE, Thursday, November 2, 2:00 am – 4:00 pm

1500 S OCEAN
$34,000,000

This Direct Oceanfront to Lake-front Island style home was designed and built in 2008 with the finest custom details available and is the perfect family gathering spot for fun in the sun. The home is situated on 1.6 acres in Manalapan, has 178 feet of ocean frontage, 139 feet of lake-front and a dock with a lift.  The living room, Florida room, library, kitchen, breakfast room, covered porch, summer kitchen, pool, jacuzzi and all 6 bedrooms have expansive views of the water.


New Listing OPEN HOUSE, Thursday, November 2, 10:00 am – 12:00 pm

222 PLANTATION ROAD
$5,300,000

Built in 2004, the house has many classic Bermuda features. Open living spaces, trey ceilings, beamed ceilings, custom molding, French doors and natural southern light adorn this 4,412 square foot home. The expansive master suite opens to the pool and includes his and her closets along with a library. Each of the three guest bedrooms has en suite bathrooms. The lush landscaping creates a private setting for the covered patio, pool and garden area great for outdoor living and completes the Florida feel of this home, ideal for entertaining family and friends.


Reduced Price OPEN HOUSE, Thursday, November 2, 12:15 pm – 2:00 pm

207 PENDLETON ROAD
$3,900,000

Traditional white brick colonial 2 story home overlooking the  Breakers Golf Course that is full of natural light. Formal foyer with a circular staircase, living room with floor to ceiling windows, fireplace and opens to a large sun filled loggia. There is a formal dining room and the kitchen has an eat in area, butler’s pantry and ready for an update.  The master bedroom has a his and hers bathroom and a study, all other 3 bedrooms have private bathrooms. The pool is wonderful with a fountain and located off a covered patio.  The garden has mature trees, fenced in yard that creates a lush private tropical setting.


Just Listed OPEN HOUSE, Thursday, November 2, 10:00 pm – 12:00 pm

269 JAMAICA Road
$2,900,000

Charming updated Mid-century Modern home located on the north end of Palm Beach. It has 3 bedrooms, 3 bath, a sun-filled floor plan, marble floors, painted white wood beamed ceilings, updated kitchen and bathrooms and a very private pool patio surrounded by a lush tropical garden.  The home is freshly painted, clean and ready to move in.

Availabe for rent: $20,000/month Seasonally, $13,000/month Annually

Crista Ryan
561.313.1327


Office : 561.659.5113
220 Sunrise Ave
Ste. 103
Palm Beach, FL 33480


Just Listed OPEN HOUSE, Thursday, November 2, 1:00 pm – 3:00 pm

320 Nathan Hale Road
$579,000

Great family home completely updated in the sought-after Southend Intracoastal area. This bright and cheerful 4 bedroom, 2 bath home features an open kitchen, spacious floor plan,and private back patio with intracoastal breezes. Perfectly situated just minutes to City Place, Palm Beach, airport, restaurants and beaches!

Jen Thron
561.310.3265


Office : 561.659.5113
220 Sunrise Ave
Ste. 103
Palm Beach, FL 33480

Billionaire Jeff Greene and others key in on challenges facing West Palm Beach

“We have to get the human capital that will build business:” Jeff Greene.
 

While West Palm Beach is a city on the rise, it still faces plenty of challenges.

That was the message delivered at Bisnow’s real estate conference on West Palm Wednesday by the city’s dominant real estate investor, billionaire Jeff Greene; Mayor Jeri Muoio; and Angelo Bianco, managing director at real estate investment and management firm Crocker Partners.

Ironically, it was Muoio, not Greene, who complained about restraints on development. “We have limited development space downtown,” she said. “We have some folks who want a continuation of West Palm Beach as a sleepy town.” While the city’s leadership has embraced change, not everyone else has, she explained.

Greene sees local demographics as a problem. “How do we attract a large population of people with money to spend?” he asked. “Now we have Palm Beach and [the type of people at this conference] who can afford all the nice restaurants and stores. But most people here are struggling.”

The fact that tourism and retirees are the city’s main industries represents a problem, Greene said. That means the jobs generated will be for low wage positions such as waiters and parking attendants.

“They don’t get paid enough for the rent I need to charge in my buildings — $2,500 a month” for a two-bedroom apartment, Greene said. “We need a higher demographic to support the growth we want.”

Greene recently decided to shelve, at least temporarily, a couple of apartment projects he planned for the downtown area. That’s because rents are stagnant, and he is concerned about demand amid an onslaught of new supply in the area.

Bianco said attracting more young people is important. “To get to the next level we need to make West Palm Beach a place where young people think of going into business,” he said. “When [top] people graduate from college, West Palm isn’t on their list.”

The city needs to encourage more of an entrepreneurial spirit, Bianco maintained. “Perhaps we can work on an incubator space,” he said. “Maybe Jeff Greene could start a mentoring program so that when people graduate from college, we become a special place.”

Greene and Muoio both pointed to the need for a better educational system. “People will come here when it’s excellent,” she said. She’s hopeful that the county school superintendent, Robert Avossa, will lead an improvement.

As for higher education, the percentage of the population with Ph.D.s is low in West Palm, and that’s what brings business, Muoio said. “How does our university system become more attractive?”

Greene agreed on the need to elevate local colleges. Echoing Bianco’s point, he also said it’s important to make West Palm Beach attractive to young people from the area who go to top colleges elsewhere so that they will come back afterward. “We have to get the human capital that will build business,” he said.

On The Move

Welcome Home to Our New Bridge
Thank you Town of Palm Beach. 

New Listing
OPEN HOUSE, Sunday, October 29 2:00 pm – 4:00 pm

222 PLANTATION ROAD
$5,300,000

Built in 2004, the house has many classic Bermuda features. Open living spaces, trey ceilings, beamed ceilings, custom molding, French doors and natural southern light adorn this 4,412 square foot home. The expansive master suite opens to the pool and includes his and her closets along with a library. Each of the three guest bedrooms has en suite bathrooms. The lush landscaping creates a private setting for the covered patio, pool and garden area great for outdoor living and completes the Florida feel of this home, ideal for entertaining family and friends.

Reduced Price
OPEN HOUSE, Sunday, October 29 2:00 pm – 4:00 pm

207 PENDLETON ROAD
$3,900,000

Traditional white brick colonial 2 story home overlooking the  Breakers Golf Course that is full of natural light. Formal foyer with a circular staircase, living room with floor to ceiling windows, fireplace and opens to a large sun filled loggia. There is a formal dining room and the kitchen has an eat in area, butler’s pantry and ready for an update.  The master bedroom has a his and hers bathroom and a study, all other 3 bedrooms have private bathrooms. The pool is wonderful with a fountain and located off a covered patio.  The garden has mature trees, fenced in yard that creates a lush private tropical setting.

Just Listed
OPEN HOUSE, Sunday, October 29 1:00 pm – 3:00 pm

269 JAMAICA Road
$2,900,000

Charming updated Mid-century Modern home located on the north end of Palm Beach. It has 3 bedrooms, 3 bath, a sun-filled floor plan, marble floors, painted white wood beamed ceilings, updated kitchen and bathrooms and a very private pool patio surrounded by a lush tropical garden.  The home is freshly painted, clean and ready to move in.

Availabe for rent: $20,000/month Seasonally, $13,000/month Annually

Crista Ryan
561.313.1327


Office : 561.659.5113
220 Sunrise Ave
Ste. 103
Palm Beach, FL 33480

Great Rentals for 2017 ~ 2018 Season!

Great Rentals
 2017 – 2018 Season!
3120 S Ocean Blvd #2-501, Palm Beach, FL 33480
$14,500 per Month Seasonally Furnished
$13,000 per Month Annually Furnished
Palm Beach! Fabulous contemporary duplex townhouse, 3 bedroom with all the amenities of a condo, doorman, tennis courts, gym, library, hospitality room. Great views of the ocean from all major rooms plus boat slip. 
3200 S Ocean Blvd #302B
$5,000 per Month Seasonal Furnished
(Available for Sale $449,000) 
Palm Beach turn key unit on the beach. 2 bedrooms, 2 baths, split floor plan. Offers ocean views from all rooms. Marble counters in the kitchen, washer dryer in unit, enclosed breakfast room. Two balconies with views of the ocean. Underground parking. Boutique building. Perfect vacation apartment.
Call Helene Sidel 561-301-1135
hsidel@fanjulrealestate.com

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