A circuit court judge rescheduled the foreclosure auction of an oceanfront Palm Beach mansion next to the one Tommy Hilfiger just bought for $34 million.
Judge Janet Brustares Keyser moved to July 5 the date of the online auction of the 15,850-square-foot house at 101 Casa Bendita, owned by real estate developer Robert V. Matthews.
A mortgage affiliate of Deutsche Bank filed a foreclosure action against Matthews for defaulting on a mortgage loan with a $26.25 million unpaid balance.
Judge Keyser rescheduled the foreclosure auction, originally scheduled for April 11, after attorneys for both Matthews and the mortgage holder, DB Private Wealth Mortgage LTD of New York, asked for more time to work out a settlement.
Matthews’ Palm Beach residence rests on a 0.8-acre lot with 185 feet of beachfront. Matthews and his wife built the custom, Mediterranean-style house in 2006 at their cul-de-sac address on Casa Bendita.
Hilfiger and and his wife, Dee Ocleppo, bought a six-bedroom house next door that is smaller at 13,774 square feet, but it sits on a bigger lot with 203 feet of beachfront. [Palm Beach Daily News] – Mike Seemuth