Historic oceanfront Palm Beach home sells at big discount for $28M

A historic oceanfront home in Palm Beach sold at a discount for $28 million, The Real Deal has learned. The estate of Patricia Ann Kahn sold the house at 480 South Ocean Boulevard at a $10.7 million discount after a year on the market, a source confirmed. The deal has yet to appear in public records, and the buyer is unknown. It marks the latest pricey deal in Palm Beach this busy season. Stephen Ploof with Compass and Natalia Gryczynska with Serhant had the listing with the brokerage Hilton Hilton. Missy Savage with Brown Harris Stevens brought the buyer. Ploof […]This article originally appeared on The Real Deal. Click here to read the full story.