Home News Real Estate Developer Lists $353 Million in Luxury Homes in Palm Beach, Florida

Real Estate Developer Lists $353 Million in Luxury Homes in Palm Beach, Florida

by admin
0 comment

Real estate developer Todd Michael Glaser, along with his business partners, brought to market four extraordinary luxury homes in an exclusive South Florida enclave on Friday, priced at a combined $353 million. I put it in. palm beach.

Glaser, who did not immediately respond to a request for comment, acquired a high-value real estate portfolio piecemeal for more than $158 million between late 2020 and summer 2022, PropertyShark records show.

The group’s Trophy Home is a $218 million estate that occupies the entirety of Tarpon Island, Palm Beach’s only private island, according to Christian Angle’s listing of Christian Angle Real Estate.

Records show that Glaser acquired the island for $85 million in 2021 using a limited liability company. That same year, he bought the compound for his $125 million, which he later increased to $210 million before taking it off the market.

The property is currently “undergoing spectacular renovations and additions,” and the end result will consist of an 11-bedroom mansion, clay tennis courts, a south-facing pool with spa and cold plunge, and an indoor spa with massage rooms. I’m here. Hair Salon, Steam Room, Sauna, are listed.

The second property, about a mile south, is a mansion on the market for $79 million with plans to double the size of the home and has been approved.

The approved addition to this $79 million home doubles its size.

Fernando Lima at Visualize USA

Glaser, once home to Tampa Bay Buccaneers co-owner Darcy Glaser Kasewitz, bought the palatial mansion in February for $53 million.

“If you’re lucky enough to shop in the area, I don’t know of better properties available,” said Corcoran listings agent Suzanne Frisby.

The planned additions span the south side of the property, expanding its footprint “from 11,400 square feet to over 21,000 square feet of home.”

Frisby started working with Glaser and his group a little over two years ago. “I can say with certainty that his group is very well-capitalized and very astute. [and have] A beautiful eye for real estate and the market they are in.

A vacation home under construction is on the market for $32 million.

Fernando Lima at Visualize USA

The third home to hit the market on Friday is a Mediterranean-style villa under construction demanding $32 million. Records show that Mr. Glaser paid $4.6 million for the underlying asset in 2020. Corcoran’s he is on the market with Dana Koch and Paulette Koch.

The fourth and final property, a duplex penthouse above a Tiffany building on Worth Avenue in town, is owned by Jill Ever of The Jill’s Zeder Group in partnership with Caldwell Bunker Realty. and Jill Hertzberg, and Chris Leavitt on the market for $24 million. Member of Douglas Elliman’s Levitt Mackintosh team.

“The possibilities for this home are endless for the right luxury buyer as it comes with a decorator ready to accommodate individual tastes. It’s a blank canvas for creating the perfect home,” says Hertzberg. said in a news release. Glaser purchased the pads for $15.5 million in June.

A duplex penthouse on the top floor of the Tiffany Building is asking for $24 million.

Daniel Petroni

Palm Beach is fresh from the third quarter, when the number of luxury homes changing owners fell as a result of inventory levels being halved from pre-pandemic levels, according to Douglas Elliman data.

“The rarity of available products is historically low, but the desire to be here is high,” said Ms. Frisby. “When you put something great in the market and it’s well positioned, the timing is great.”
bloomberg I reported the news first.

You may also like