Within the town of what Bloomberg describes as one of South Florida’s ritziest enclaves, one can’t help but notice the shuffling and re-shuffling of properties changing hands on Palm Beach Island.
$354 Million Portfolio of Palm Beach Listings
A key player in the Island’s real estate game, Todd Glaser, who was recently hailed as South Florida’s most audacious spec developer by Real Deal, along with his investment partners, have just listed a combined $350 million worth of Palm Beach Real estate, as first reported in Bloomberg, The investment teams consists of Mr. Glaser, Miami developer Jonathan Fryd, and Scott Robins, President and CEO of Scott Robins Companies, a real estate development firm in Miami Beach.
Tarpon Island Project Finished and For Sale
Glaser’s active listing portfolio includes the Town’s sole private island, Tarpon, which the investors purchased from William Toll and his wife, Eileen, two years ago.
The development team has extensively re-developed the island property, including the partial demolition and renovation of a 12.32 thousand square-foot historical building and construction of an additional 18 thousand square-foot building. Daily Janssen Architects designed the new structures to complement the original 1930’s mansion. The project’s new owners will also enjoy a private dock, a clay tennis court with pavilion, a 98-foot south-facing pool with a spa and cold plunge, and an indoor spa with a massage room, hair salon, steam room and sauna.
The property, advertised as the ultimate Palm Beach destination, was listed for $218 million by agent Christian Angle of Christian Angle Real Estate.
2-Acre Oceanfront Compound also On The Market
The investors also have a mega-mansion last owned by Tampa Bay Buccaneers co-owner, Darcie Glazer Kassewitz and her husband, private banker Joel Kassewitz, on the market. Located in the Town’s grand Estate Section at 854 South County Road, the two-acre lakefront compound was designed by architect, Howard Major who is known for his suave tropical houses in Palm Beach. The estate features 11-thousand square feet of elegantly appointed living spaces with gracious formal dining and living rooms, a gourmet eat-in kitchen, and generously sized covered terraces. Outside, the property features a pool-side cabana, private putting green, dock, and ample lawn.
The property, advertised as a tropical paradise offering a myriad of outdoor recreation opportunities, was listed for $79 million by agent Suzanne Trapani-Frisbie of The Corcoran Group.
Listings Include Two Yet-to-be Finished Prime Properties
The Glaser team has also recently placed two spec properties with addresses in prime locations on the market,.
Slated to be finished in February of 202, 1080 S. Ocean Boulevard, a new five-bedroom Atlantic Ocean facing Mediterranean villa is now under construction. The estate will feature a lengthy entry processional winding past a gazebo to its pillared front entrance. Inside, a grand sweeping staircase, high ceilings and large Palladium doors are among its many amenities. Paulette Koch of The Corcoran Group holds the $32 million listing
Atop the iconic Tiffany Building on Worth Avenue, the two-story penthouse at 415 Hibiscus Avenue is near completion. Presented as “The Crown Jewel of Palm Beach” and the largest condominium on Island, the thirteen thousand square-foot duplex residence includes a rooftop terrace and is priced at $24 million. Agents Jill Eber of Coldwell Banking Realty and Christopher Leavitt of Douglas Elliman Palm Beach hold the listing.
Before you sign, contact the Florida Bar Board-Certified attorneys David E. Klein. and Guy Rabideau at Rabideauklein.com. They have the expertise and experience you need to ensure that your interests are protected throughout your real estate transactions in the Town of Palm Beach, across the Palm Beaches and throughout Florida. Contact Rabideau Klein today to discuss the legal implications of your Florida property transactions