Twin Banyans — the landmarked Palm Beach property accomplished in 1936 for the late Listerine heiress Sue Whitmore at 241 El Vedado Highway — has offered for a $9.785 million, the value recorded Monday with the deed
The home was owned by a land belief linked to businessman Peter W. Doelger and his spouse, Yoon, who’ve robust ties to Boston.
The sale was reported closed Friday within the Palm Seaside Board of Realtors A number of Itemizing Service. The deed was nonetheless working its approach by the recording course of Monday, so the client’s id wasn’t instantly obtainable in public data Monday.
The Doelgers purchased the property in 2012 for $7.28 million from Dana E. Landry and William “Invoice” F.X. Moody, Washington, D.C., actual property professionals who’ve been purchased and offered numerous properties in Palm Seaside. A 12 months after the Doelgers’ buy, they transferred possession right into a land belief, courthouse data present.
Designed by famous society architect John Volk within the Neo-classical Revival fashion, Twin Banyans was lately up to date after present process a top-to-bottom restoration in 2003, property data present. The home has 4 major bedrooms plus workers lodging, in keeping with its most up-to-date gross sales itemizing, which exhibits it encompasses 7,091 sq. ft of dwelling house, inside and outside.
When he purchased the home, Peter Doelger knew the neighborhood properly, as a result of his dad and mom, the late Margaret and William E. P. Doelger, had for years owned El Castillo, a landmarked home at close by 126 El Bravo Method, in keeping with property data. They offered that home in 1974, data present.
Dealer Lawrence A. Moens listed the home on El Vedado Highway on the market at $9.95 million in June and landed it below contract Feb. 10, in keeping with the a number of itemizing service.
Agent Suzanne Frisbie of Premier Property Properties dealt with the client’s facet of the sale, the MLS exhibits.
The Doelgers, Moens and Frisbie couldn’t be instantly reached for remark.
Designated a city landmark in 1992, Twin Banyans stands on property three streets south of the Everglades Golf Course. Volk designed it for Whitmore and her husband, Harold, with a central two-story wing flanked by one-story wings on the east and west sides. The facade has a temple-style alcove with a pediment above 4 Ionic columns.
Moens’ gross sales itemizing described the home as being in “move-in situation” with “elegant spacious rooms” and “many tastefully appointed enhancements.” Pictures present bleached-wood and stone flooring, coffered ceilings and an expansive kitchen with a butler’s pantry. The floorplan would simply accommodate entertaining, with the formal eating room opening onto the pool space by French doorways.
Sue Whitmore — the society grande dame who for greater than 20 years served as chairwoman of the Worldwide Pink Cross Ball — lived on El Vedado earlier than she established her residence on the west finish of Value Avenue. There, she amassed a number of properties that earned the neighborhood the nickname “Sue Metropolis” within the Fifties.
Michael M. Kelly, who purchased Twin Banyans for $2.65 million in 1999, spent two years restoring it, including hurricane-resistant home windows, hand-crafted built-in models and English cabinetry by Clive Christian, in keeping with earlier gross sales listings. In 2005, Kelly offered it to Margaret and Christopher Sinclair, who, in flip, transferred possession to Moody and Landry, property data present.
Peter Doelger’s profession has included positions with a Massachusetts-based power firm named DMC Providers and, extra lately, with Doran Capital Companions, an actual property funding firm in Seoul, South Korea, in keeping with on-line sources.
Paul G. Roberts, an legal professional in Needham, Massachusetts, served as trustee of the Boston Palm Land Belief that owned the home. Roberts’ title was on the deed recorded Monday, courthouse data present.
With its proximity to Value Avenue and Midtown, its historic residences and its entry to the lakefront, El Vedado Highway — together with close by El Bravo Method and El Brillo Method — is taken into account by actual property observers a premier Property Part road.
It is a growing story. Examine again for updates.