Big deal: Palm Beach mansion fetches $77 million

Is the mansion market springing back to life? Perhaps. The mansion at 60 Blossom Way in Palm Beach just traded for $77 million, according to property records.

The seller was Venezuelan banker Victor Vargas. He paid $68.5 million for the property in 2008.

Palm Beach County’s mansion market was dormant for much of 2016. But in January, a Palm Beach property fetched $85 million. The Shiny Sheet’s Darrell Hofheinz has more details.

Author: Jeff Ostrowski

Jeff covers the economy, banking and biotech for The Palm Beach Post.

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