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.
Recent Posts
South Florida Dirt: Like pulling teeth: How Fannie, Freddie’s new condo financing rules is affecting deals
Galium Capital buys North Miami Beach apartments for $29M
Inside the decade-long legal clash between owners, developer of a Singer Island hotel-condo
Florida REIT founders charged with stealing from employee benefit plans
Redfearn drops $42M on Delray Beach retail properties in one of town’s biggest CRE deals ever
Goldman Sachs drops $155M for Davie rentals, Kerra pays $73M for Pompano complex
Real estate mentoring builds agent leadership
Inflation rises ahead of Fed rate decision
Turn AI from a writing tool into a business system
Property manager, contractor arrested in nearly $200K kickback scheme at Hialeah condo association
