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Time appreciates landmark listing 09/23/07 Two decades ago, a buyer could acquire 181 Clarendon Ave., a landmarked house designed by Marion Sims Wyeth, for less than $1 million. Now, the 1923 property (also known as 300 Lake Park Drive) is on the market for $19.95 million, listed with Linda A. Gary Real Estate. The seller is skin-care entrepreneur San K.J. Lee of West Palm Beach, the principal of New Ventures of Palm Beach County LLC. She paid $3.6 million in May 2000, and subsequently restored several aspects to stave off flooding. At one point, the two-story Venetian Gothic-style home on the Intracoastal Waterway sat impaled with steel girders to brace the ground floor. Wyeth designed the house for Fred Glidden. Another past owner was Jell-O heir Orator Woodward. The current owner appears to have confidence in the island's market for landmarked homes and high-end properties. Two years ago, Lee had the house listed for $18.5 million with Wally Turner of Sotheby's International Realty. Million dollar views — David Ferreira, a sales associate with Earl A. Hollis Real Estate, recently picked up two listings, priced like bookends at $10 million each. The Frank Jensen Trust has owned the multi-lot property at 1178 N. Ocean Blvd. for more than 20 years. Ferreira is marketing a two-story house on one lot with 129 feet on the ocean; a vacant lot on the beach; and vacant lots on North Ocean Way and La Puerta Way. The combined depth, with 275 feet on La Puerta Way, is three blocks north of the former Kennedy compound. The five-bedroom house was built in 1953 and covers more than 4,000 square feet. At 1300 N. Ocean Blvd., the one-story Regency-style house has 175 feet on the ocean and 133 feet on Merrain Road. It was built in 1991 with 5,646 square feet of living area. The seller is the McIntosh Trust. For information on either listing, call 723-4000. Sold — In a recent closing, Illustrated Properties Real Estate was on both sides of the deal for 228 Seaspray Ave. It was listed for $2.32 million and closed for $1.96 million. The seller was Sergio Dearaujo and the buyer was Thomas Turner. According to records at the Palm Beach County Property Appraiser's Office, the two-story house covering more than 3,700 square feet was built in 1924. Martha A. Gottfried Inc. also was on both sides of the deal for Unit 115 at The Palm Beach Biltmore, 150 Bradley Place. It was listed for $4.95 million and closed for $4 million. Jeffrey A. Cloninger and Associates was the listing agent for 340 S. Ocean Blvd., Unit 4F, which was offered at $1.39 million. It sold for $1.21 million, and Sotheby's International Realty represented the buyer. Upping the ante — The owner of 320 Dunbar Road has raised the selling price from $8.9 million to $9.5 million. Palm Beach real estate developer Ed Cury of The Cury Group paid $7.24 million for the property in October 2006, with the intention of razing an older house and building a new Mediterranean-style house on speculation. Landmark Realty Group LLC, a Cury company, is the marketing agent *** |