Venture capitalist Bryan Cressey and his wife, Christy Cressey, sold their oceanfront compound in Palm Beach for $48.9 million.
Property records show Cressey sold the estate at 2315 South Ocean Boulevard to 2315 S Ocean LLC, a Florida company. 2315 S Ocean LLC is registered to Maura Ziska, a Palm Beach-based real estate lawyer. The true buyer is unknown.
Cressey is a co-founder and partner at Cressey & Company, a Chicago-based private investment firm specializing in health care ventures. Cressey also co-founded Frist Cressey Ventures and Chicago-based private equity firm GTCR, which had $24 billion in assets as of November, according to Crain’s Chicago Business.
The 10,623-square-foot, seven-bedroom, eight-bathroom mansion nearly tripled in value since the Cresseys bought it in 2014 for $16.3 million, according to records. The Plantation-style home sits on 1.8 acres, and was constructed in 2010 by then-owners Donna and Rodney Ward, records show.
Lawrence Moens, a secretive Palm Beach real estate broker, represented both the buyer and the seller in the off-market deal, the Palm Beach Daily News reported. Moens recently brokered billionaire Oracle co-founder Larry Ellison’s record-breaking $173 million purchase of a Manalapan estate. His estimated sales volume for the past 18 months hovers around $1 billion, making him the unquestioned top dog in one of the nation’s priciest real estate markets.
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