Venture capital investor buys Palm Island teardown next door for $40M

Venture capital investor Ben Ling and his husband, Hedge Labs co-founder Chris Coudron, bought the waterfront teardown next to their Palm Island mansion for $40 million.  The couple bought homebuilder Pedro Adrian and his wife Adria Adrian’s home at 145 and 149 Palm Avenue, which was on the market for $47 million. The property abuts the bridge to Hibiscus Island, which means Ling and Coudron only have neighbors to the east.  The sale marks the priciest on Palm and Hibiscus islands so far this year.  In 2021, Ling and Coudron paid about $29.5 million for the eight-bedroom, 11,058-square-foot mansion at […]

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