Seller tied to investor Randall Smith sells Palm Beach mansion for $93M
A company tied to Randall Smith of the multibillion-dollar “vulture” investment firm Alden Global Capital sold a new mansion in Palm Beach for $93.3 million. Property records show 757 Island Dr LLC sold the eight-bedroom house, which was approved by the town’s architectural commission in 2022, the Palm Beach Daily News reported. The 13,000-square-foot home includes about 1,400 square feet of covered outdoor living space. The 1-acre property at 757 Island Drive is on Everglades Island, which is surrounded by the Intracoastal Waterway. It marks the second priciest home sale for a Palm Beach home on the lake, without ocean […]This article originally appeared on The Real Deal. Click here to read the full story.
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