Peter Wood—an English businessman and associate of UK-based luxury home-building firm Royalton Group—has unloaded a whopping $42.9 million for billionaire Jon Stryker's 2.6-acre Palm Beach estate.
The colossal deal included the transfer of Jimmy Buffett's former house at 540 South Ocean Boulevard, purchased by Stryker in 2010 for $18.5 million.
On top of the former Buffett residence, the exchange involved the sale of 530 South Ocean Boulevard, a half-acre vacant lot—as well as a landmarked house at 61 Middle Road, a Spanish-style home designed by Marlon Sims Wyeth, built in the 1920s.
The magnificent trio of properties are not restricted by a "unity of title," making it easier for them to be re-sold separately in the future. According to property records, the mammoth transaction signifies the priciest simultaneous sale of neighboring properties in the Estate Section.
Details courtesy of Palm Beach Daily News and photos courtesy of Curbed Miami.
