Advertising mogul sells Palm Beach home for $33M as season heats up

An advertising titan sold a Palm Beach home for $32.5 million, as the island’s real estate busy season heats up, The Real Deal has learned. Richard and Linda Schaps sold the home at 631 Island Drive, sources confirmed. Margit Brandt with Premier Estate Properties represented the buyer and the seller. She declined to comment. The deal has yet to appear in public records, and the buyer is unknown. Richard Schaps is the founder of Van Wagner Group, one of the biggest firms focused on billboard and aerial advertising in the country.  Schaps sold the billboard division of the company to […]This article originally appeared on The Real Deal. Click here to read the full story.