Six agents make Palm Beach County’s $100 million club

Paulette Koch, one of Palm Beach County’s $100 million producers in 2016, sold this manse for $12.5 million (Andy Frame/The Corcoran Group)

Despite a slowdown in Palm Beach County mansion sales in 2016, six agents reported sales of $100 million or more for the year, according to an annual RealTRENDS/Wall Street Journal ranking.

The county’s top producer was Pascal Liguori of Premier Estate Properties in Delray Beach. He did deals totaling $224.8 million last year, up sharply from his $81.2 million total in 2015.

Liguori ranked 20th nationally in sales volume. Palm Beach County’s other five members of the $100 million club, and their national ranks:

  • 29. Paulette Koch, The Corcoran Group, Palm Beach: $185.6 million
  • 30. David Roberts, Royal Palm Properties, Boca Raton: $180.6 million
  • 43. Suzanne Frisbie, The Corcoran Group, Palm Beach: $155.1 million
  • 59. Christian Angle, Christian Angle Real Estate, Palm Beach: $134.1 million
  • 60. Carol Sollak, Engel & Volkers Wellington, Wellington: $134 million

Liguori topped the list despite missing out on one prize: He didn’t sell the Ziff estate in Manalapan, which he listed for an eye-popping $195 million. (A deal at that price would have yielded a $3.4 million fee for a buyer’s agent and an undisclosed sum for the listing agent.) The seller briefly took the mansion off the market this year, then relisted it with another agent for $165 million.

After price cut, Florida’s priciest listing back on market at $165 million

After languishing on the market for more than a year, the Ziff estate in Manalapan — and its $195 million price tag — disappeared from the multiple listing service last month.

Now, the property is back on the market with a new agent and a new price tag. Cristina Condon of Sotheby’s International Realty in Palm Beach is marketing the mansion for $165 million.

Condon also is marketing Netscape billionaire Jim Clark’s Palm Beach home for $137 million. UPDATE: The Ziff estate is listed in the MLS. Here’s the Realtor.com listing.

The 15.7-acre estate at 2000 S. Ocean Blvd. includes 1,200 feet of oceanfront, a 33-room mansion and a tunnel under A1A. It had been shopped off the MLS for about a year before it hit the listing service last year. Premier Estate Properties of Boca Raton had first crack at the listing.

Palm Beach County’s mansion market has cooled noticeably over the past year.

Nice payday canceled: Here’s how much an agent would have made for producing a buyer of $195 million mansion

The Ziff estate in Manalpan no longer is on the market for $195 million, and somewhere a buyer’s agent is weeping.

According to the just-canceled listing in the multiple listing service, the seller agreed to pay a buyer’s agent a commission of 1.75 percent. If the property had indeed fetched $195 million, the payday would have amounted to $3.4 million. (It’s unclear how much listing broker Premier Estate Properties would have been paid to seal a deal.)

Alas, only a small group of buyers can afford to drop $195 million on a home. The listing from Premier Estate Properties insisted that buyers come “fully vetted” with a banker’s letter or a spot on Forbes magazine’s billionaires list.

 

Off the market: $195 million mansion in Manalapan no longer listed

The Ziff estate in Manalapan grabbed headlines when it went on the market in early 2016. With a price tag of $195 million, it would have eclipsed Palm Beach County’s record mansion sale by $100 million.

RELATED COVERAGE: Nice payday canceled: How much a buyer’s agent would have made from Manalapan mansion sale

Now, though, the property is off the market. It no longer appears on Realtor.com or Zillow.com, sites that show properties marketed in the multiple listing service. Nor is the Ziff estate on the site of Premier Estate Properties, the company that was marketing the mansion. No deed has been recorded recently by the Palm Beach County Clerk’s Office.

According to the MLS, the listing was canceled after 456 days on the market.

The 15.7-acre estate at 2000 S. Ocean Blvd. includes 1,200 feet of oceanfront, a 33-room mansion and a tunnel under A1A. It had been shopped off the MLS for about a year before it hit the listing service last year.

Palm Beach County’s mansion market has cooled noticeably over the past year.

 

Trump, China and Twitter: 9 tweets that likely irked PRC leaders

President Donald Trump hosts his Chinese counterpart at Mar-a-Lago next week. It’s the second global — and Asian — leader the president brings to the Southern White House.

But this meeting may not be as amicable as the golf diplomacy with Japan’s prime minister, Shinzo Abe. In fact, People’s Republic President Xi Jinping will not stay at Mr. Trump’s Palm Beach club but instead will spend the night in Manalapan.

President Donald Trump arrives at Palm Beach International Airport on Air Force One Friday, February 10, 2016 accompanied by First Lady Melania Trump, Prime Minister Shinzo Abe Abe, and the Prime Minister’s wife Akie Abe. Damon Higgins / The Palm Beach Post

Why? Well, Twitter may have something to do with it.

RELATED: Will Palm Beach County benefit when Trump brings  a global leader?

On the campaign trail, Candidate Trump frequently blasted the trade deficit with China, saying the People’s Republic was “ripping off” Americans via unfair trade and monetary practices. Those complaints worked their way into Mr. Trump’s Twitter missives.

Since his election as president on Nov. 8, Mr. Trump has not taken China to task on Twitter very often. He’s just fired off nine times.

Full Donald Trump coverage: Galleries, news, video

But they’ve stung — in particular his defense of accepting a congratulatory call from the leader of China’s rival, Taiwan. Mr. Trump has also sharply criticized the PRC for inaction in dealing with provocative moves by North Korea.

In early January, China’s state-run news agency, Xinhua, lambasted President Trump’s “Twitter diplomacy” likening it to a “child’s game.”

RELATED: Night at Mar-a-Lago: Inside charity event with Trump, Sessions nearby

Here are Mr. Trump’s China tweets since his Nov. 8 election.

A new record for a Manalapan mansion: See how much it sold for

1370 S. Ocean Blvd. in Manalapan as it once looked.

The mansion at 1370 S. Ocean Ave. in Manalapan just sold for $40 million, setting a new price record for houses in the tony town.

The 35,000-square-foot estate includes 300 feet of ocean frontage. A deed lists the seller as EB ESM31 LLC of Boca Raton and the buyer as Borgoves Ltd. of Manalapan.

The home was listed for $48.9 million.

The sale of 1370 S. Ocean eclipses Manalapan’s previous record of $33 million for the oceanfront estate at 800 S. Ocean Blvd. It sold in September 2015.

It’s not Manalapan’s priciest deal ever, though. Mansion builder Frank McKinney in 2005 paid $42.5 million for 8.8 acres of vacant land along the ocean.

And the Ziff estate in Manalapan has been on the market for $195 million since 2015.

Jailed doctor sells Manalapan mansion for $20 million

 

840 South Ocean, Manalapan, is on the market for $27.5 million. Photo courtesy Douglas Elliman

Dr. Krishna Tripuraneni, who’s serving a federal prison sentence for tax fraud, just sold his oceanfront mansion in Manalapan for $20.2 million, according to a deed.

The 16,000-square-foot home is at 840 S. Ocean Blvd. The mansion had been on the market for $27.5 million.

The buyer is an entity identified only as 840 South Ocean Boulevard Land Trust.

Tripuraneni, a gastroenterologist, failed to report $18 million in income from 2004 to 2008, federal prosecutors charged. In 2015, he was sentenced to two years and was ordered to pay the IRS $11.8 million in delinquent taxes, interest and penalties.

The feds said Tripuraneni used unreported income to build his extravagant Manalapan home and make mortgage payments on condominiums. He reportedly also used the money to pay tuition expenses for his children.