Developer buys home in Palm Beach within 3 months of selling 2 more
Longtime Palm Beach developer and resident Patrick Carney, who this spring sold two Palm Beach homes he built to billionaire buyers for a total of $ 117 million, just bought a home in the extreme north of the island.
Carney paid $ 12.2 million for the four-bedroom house at 125 Dolphin Road, according to the deed filed Thursday. The seller of the off-market deal was businesswoman Deborah Ann Bricker, who had owned the home since 2010 and sold it as a trustee of a trust on her behalf.
Built in 2009, the traditional style home has 5,554 square feet of living space, inside and out, on a quarter acre lot. The property is made up of three houses west of the beach and nine streets south of the cove.
In February, Carney and his wife, Lillian, sold – for an amount of $ 68.4 million – a new oceanfront home they built at 905 N. Ocean Blvd. The buyer in that deal was a company controlled by hedge fund billionaire David Tepper and his wife, Nicole.
After:Billionaire Tepper from the buyer’s side of the Palm Beach Mansion Sale restimated at $ 68.4 million
Patrick Carney had told city officials during the architectural overhaul process that the house on North Ocean Boulevard was being built as a custom home for his own use.
Three weeks later the Carneys sold out, for a recorded amount of $ 49 million, a lakefront house at 1350 N. Lake Way – a custom house they built eight years ago and used as a residence. Casino and resort billionaire Steve Wynn, who owns another property in Palm Beach, bought the home on the North Lake Way through a property company as a real estate investment, sources familiar with the ‘off-market deal.
At the corner of Dolphin Way, the house on North Lake Way is down the street from the one Patrick Carney just bought.
Carney could not be reached immediately and her longtime real estate agent Jim McCann of Premier Estate Properties declined to comment on the sale on Dolphin Road.
Agent Rosalind Clark, also of Premier Estate Properties, negotiated opposite McCann on the Bricker’s side in the deal with Dolphin Road. Bricker has ties to Chicago, according to published reports.
Carney’s plans for the house are unclear. When the couple sold their home on the North Lake Way in March, Patrick Carney told the Palm Beach Daily News that he and his wife would likely build another home in Palm Beach.
Loggia with fireplace
Pat Carney is President and CEO of Claremont Cos., A real estate investment, development and asset management company based in Bridgewater, Massachusetts. The lakefront house in Palm Beach was their primary residence, although they spend summers in Massachusetts, Pat Carney previously told the Daily News.
The house was not part of the multiple listing service when it was sold. But a previous sale listing when it was new described its architecture as “reminiscent of the shingle style of the Hamptons” with well-sized rooms, a kitchen with a butler’s pantry, and en-suite bedrooms with vaulted ceilings. loggia with fireplace overlooking the swimming pool.
Bricker bought the house for $ 3.8 million in October 2010, according to courthouse records. She had it listed in the last Palm Beach County tax rolls.
The home the Carneys sold on North Lake Way has Bermuda-style architecture and sits on eight-tenths of an acre lot with 156 feet of lake frontage and a deep water dock. The home was completed in 2014 and has 17,032 square feet of living space, inside and out. McCann was the only agent involved in the North Lake Way sale.
At the February sale at 905 N. Ocean Blvd., McCann acted on behalf of the Carneys, and the Palm Beach Daily News never confirmed whether a real estate agent represented the Teppers.
The Tepper deal was one of the highest paid sales ever for a property north of the Palm Beach Country Club. With approximately 19,000 square feet of living space, inside and out, the residence was completed last year on beachfront land with approximately 125 feet of shoreline. The house has approximately 12,000 square feet of interior space.
This is a developing story. Check back for all updates.