Palm Beach Real Estate: $3.9 million profit in 2 days - Coastal Florida Real Estate

Palm Beach Real Estate: $3.9 million profit in 2 days

The house flippers you see on TV would be shocked at this deal.  According to the Palm Beach Daily News (The Shiny Sheet) a home on Palm Beach sold twice in 1 week for a staggering profit of $3.9 million.

Palm Beach homes for sale

Photo courtesy of Palm Beach Daily News.

The home — known as Hogarcito — is located directly on the Everglades Golf Course.  It was built in 1921 by cereal heiress Marjorie Merriweather Post and her then-husband, financier E.F. Hutton. The couple vacated it after completing their ocean-to-lake estate, Mar-a-Lago, in 1927. Hutton was also responsible for building the Seminole Golf Club in North Palm Beach.

Hogarcito (“Little Home” or “Little Hearth” in Spanish) was designed by noted society architect Marion Sims Wyeth. Among its prominent features is a Spanish-style bell tower that rises three stories above the property. The location is just a block south of the noted Worth Avenue.

Donald Trump owns Mar-a-Lago now and has turned it into a private club.

For more information on the local real estate market, be sure to subscribe to this blog and my You Tube channel where there are about 350 videos on our lifestyle and the market.  Looking for a luxury home in the area?  I have lived here 25 years and know the market inside and out.  Please call me directly at 561-762-4073 for prompt and professional service.

Richard Sites, Realtor