Canadian buyer pays $6.75M for Palm Beach home

331 Polmer Park Road in Palm Beach

331 Polmer Park Road in Palm Beach (Credit: Andy Frame for the Palm Beach Daily News)

 

A Canadian family trust paid $6.75 million for a 6,500-square-foot house in Palm Beach on Polmer Park Road, a cul-de-sac just south of the Palm Beach Country Club.

 

Barrett 2014 Family Trust of Toronto is the buyer. The trust appears linked to Matthew William Barret, a former Canadian banker.

 

Andrew C. Thomka-Gazik, an agent with Sotheby’ International Realty, listed the house for sale in early December with an asking price of $6.95 million.

 

“It went under contract in one day,” Thomka-Gazik told the Palm Beach Daily News. “It’s a beautiful property on a highly desirable street.”

 

The sale to a Toronto-based buyer closed at a time when Canadian demand for South Florida real estate appears restrained by the low value of the Canadian dollar against the U.S. dollar.

 

The house at 331 Polmer Park Road was built by the late Robert W. Gottfried, and the residence bears his signature Palm Beach Regency architectural style.

 

Located one house east of the Lake Worth Lagoon, 331 Polmer Park Road has a central loggia overlooking a swimming pool.

 

The seller, Constance J. Roeder, had paid $1.2 million for the Palm Beach property in 1992. [Palm Beach Daily News] Mike Seemuth

 

Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s