Palm Beach house flipped for $11.5M right after it bought in Oct for $8.42M

The Estate Area of Palm Seaside noticed a notable flip Tuesday, when a deed was…

The Estate Area of Palm Seaside noticed a notable flip Tuesday, when a deed was recorded at $11.5 million for a home that experienced bought brand name new in Oct for $8.42 million.

The vendor of 140 Kings Highway was attorney Morton A. Pierce of Greenwich, Connecticut, who acted in the sale as trustee of a revocable have confidence in in his identify, the deed demonstrates. Pierce is a lover who specializes in mergers and acquisitions at the White & Case LLP legislation company serving greater New York Town.

On the buyer’s facet was Sydney 44 LLC, a Florida constrained legal responsibility company linked to Sandi Feinberg, courthouse and company data present. She is the widow of vintner and philanthropist Herbert Feinberg and in February stated her New York townhouse at $18 million, according to the New York Post.