PE billionaire Greg Mondre drops $58M on oceanfront Palm Beach lot
Private equity billionaire Greg Mondre dropped $58 million on an oceanfront lot in Palm Beach, after spec developer Brian Stock abandoned efforts to build a mansion on the property. Mondre bought the 1.2-acre parcel at 965 North Ocean Boulevard from Stock’s 965 North Ocean Boulevard LLC, sources confirmed. Listing sites show the deal has closed, but the deed has yet to appear in public records. Lawrence A. Moens with Lawrence A. Moens Associates had the listing, and Marley Overman with Illustrated Properties brought the buyer. Mondre is co-CEO of the Menlo Park-based private equity firm Silver Lake. Forbes estimates his […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Blue Jays’ Mad Max sells under-construction Admirals Cove estate for $23M
Butters targets tech, pharma with plans for low-rise light-industrial in Boca Raton
Opterra’s Holiday Inn hotel-to-resi conversion moves ahead in Boca Raton
Inventory drops for first time since 2023 as sales rebound across coastal Miami, beaches
Brian Tuttle loses Main Street dev site in $60M bankruptcy sale
Wave Group, partners launch short-term-rental friendly Wynwood condos
Ultra-luxury brings heat as Palm Beach home sales surge
Why Earnest Money Matters to Sellers
RE Q&A: Who Pays for Noncompliant Fence?
Fla.’s March, 1Q Housing: Closed, Pending Sales Up
