The Palm Beach couple, whose Trust bought rockers last year Jon Bon Jovi‘s oceanfront home for nearly $ 20 million recently bought a smaller home on the North End – and then immediately listed it again for nearly $ 2 million more than they paid for it.
Businessman Robert Posner and his wife, Zina, contributed $ 7.23 million for the three bedroom home 233 Miraflores ride with a limited liability company, show the property records. The ink barely had time to dry on the charter before the Posners launched it at $ 8.995 million. On Tuesday, after 18 days in the market, the price dropped to $ 8.575 million on the multi-list service, according to the updated sales list.
Rob Posner is CEO of NewDay USAwho provides VA mortgages to military veterans. The Fulton, Maryland-based company announced earlier this year that it had Relocation of the headquarters and 600 employees to a building under construction in downtown West Palm Beach.
The Posners meanwhile let Bon Jovi and his wife build the house, Dorothea Hurley, homesteaded as her primary residence in the latest Palm Beach County tax rolls.
The Posners Trust Fund paid for Bon Jovi’s Mediterranean-style mansion at 230 S. Ocean Blvd. in July 2020 real estate records show. The rocker and his wife were simultaneously using a property company to buy a much larger oceanfront mansion a few miles away at 1075 N. Ocean Blvd. for a recorded $ 43 million.
The Posners used a limited liability company called RZP LLC – apparently named after her initials – to buy the house on Miraflores Drive. The sale ended on August 20, the same day the house came back on the market, according to the Multiple Listing Service. The Bermuda style home is listed with Douglas Elliman Real Estate Agents Christopher Leavitt and Ashley McIntoshwho also represented the Posners in the purchase.
The bright yellow house on Miraflores was built in 1997 and has 4,366 square meters of living space, inside and outside. It stands on about a third of an acre lot, a little less than a mile from the Posner’s main house.
When the Posners Trust bought the Bon Jovi house, Leavitt and McIntosh handled the buy side of the sale, despite always refusing to identify their customers. They also keep mom on the sale on Miraflores Drive.
Rockin ‘a sale:Trust bought Bon Jovi for $ 19.85 million, the deed shows
The house that was just sold on Miraflores has a den, well-designed rooms with high ceilings, and a kitchen that opens to the family room and breakfast area, according to recent sales lists. In the main wing, a living room separates the master bedroom from the guest rooms.
On Miraflores sale, agent Patricia Mahaney from Sotheby’s International Realty represented the seller, a Texas limited partnership affiliated with Carol Dillard Crenshaw. She is the registered agent of the seller, CAD Properties Ltd.showing business records.
Mahaney declined to discuss the sale or the parties involved.
Crenshaw’s brother is a businessman Jeffrey R. Dillard, whose company, Cobra Oil and Gas Corp., has the same address in Wichita Falls, Texas as CAD Properties Ltd. Crenshaw is president and her brother is vice president of a company that is a general partner of CAD Properties LP.
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Crenshaw’s company paid $ 4.25 million for the house in March 2016. In this deal, Mahaney represented the buyer while agent Jean Ellen Heron and Paula Wittmann – at that time from the Fite Group, the predecessor of William Raveis South Florida – acted for the seller, the estate of the late Barbara Rackoff.
When the Posners trust fund bought the Bon Jovi house, broker Christian Winkel from Christian Angle real estate represent the seller. Angle has consistently declined to comment on the sale.
Angle also handled both sides of the deal last year in which Bon Jovi and his wife bought 1075 N. Ocean Blvd. from the private equity specialist Jeffrey Marcus and his wife, Nicola.
Bon Jovi, a native of New Jersey, is the lead singer of his band. Bon Jovi.
Darrell Hofheinz writes about real estate in his weekly column “Beyond the Hedges”. He welcomes news about Palm Beach real estate for this column. Send an email to [email protected], call 820-3831 or tweet @PBDN_Hofheinz.