Jeff Ostrowski
Alexandra Clough
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Another record for Palm Beach: Condo sells for $12.1 million
The Palm Beach real estate market just keeps defying the laws of gravity that apply elsewhere. The latest record: $12.1 million for a condo.
That’s the amount Lee Munder, former head of Munder Capital Management and now head of Lee Munder Capital Group, and wife Laura paid developer and Miami Dolphins co-owner Stephen Ross for his 5,798-square-foot unit at 300 Seminole Ave. (Lee and Laura pictured at right.)
It’s a record for condos in Palm Beach and perhaps in the entire state, said Palm Beach real estate attorney Les Evans.
The previous record for a Palm Beach condo was $8.9 million, said Ava Van de Water, executive vice president at Brown Harris Stevens.
Susan Polan of Illustrated Properties Real Estate listed the home in the Multiple Listing Service at $13.9 million. She says the $12.1 million price on the deed didn’t reflect an undisclosed amount the Munders paid Ross for furniture.
By the way, the deal generated Florida documentary stamp taxes of $84,730.50. See the deed here.
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Comments
By a reader
May 14, 2008 1:18 PM | Link to this
Why would you EVER provide a copy of a document that includes Mr. Munder’s fax number —- bad bad form.
By Melissa
May 14, 2008 1:58 PM | Link to this
It’s public information provided by PBCountyClerk.com
By djdhhd
June 3, 2008 2:11 PM | Link to this
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