One man’s trash is another man’s treasure?
Garbage magnate Anthony Lomangino and his wife, Lynda, have offloaded their Jupiter mansion for $10.5 million, two months after buying a home in Palm Beach.
Property records show the couple sold the seven-bedroom, 10,847-square-foot house at 490 Mariner Drive to Krishna and Martha Singh. Krishna, who is known as Kris, is the founder, president and CEO of Holtec International, a designer and manufacturer of nuclear reactors, among other equipment and systems.
The waterfront Jupiter home sits on less than half an acre of land and includes marble walls, a master suite, two-bedroom guest suite, pool and patio. Rob Thomson of Waterfront Properties & Club Communities represented the buyer and seller, according to the listing.
The house hit the market in 2018 for $13.5 million. Built in 2003, it last sold in 2014 for $6.2 million.
In July, the Lomanginos paid $12.6 million for the waterfront home at 1620 South Ocean Boulevard in Palm Beach.
Lomangino ran garbage collection businesses in New York and South Florida. He founded the South Florida waste hauling company Southern Waste Systems, which was acquired by Waste Management in 2015. In 2018, Lomangino reportedly gave $150,000 to help fund the legal fees of Trump associates who had been engulfed in the Russia investigation, according to Politico and the Wall Street Journal.
Over the summer, Jamie McCourt, former co-owner of the Los Angeles Dodgers and the current ambassador to France and Monaco, bought a Jupiter estate for $8 million.