The estate of a late banking boss sold her oceanfront Gulf Stream compound for $16.7 million.
Records show a trust in the name of Catherine German West sold the property at 1465 North Ocean Boulevard to the Aucoin Family Trust, linked to Jean Aucoin of Saint Laurent, Quebec.
Pascal Liguori and Antonio Liguori of Premier Estate Properties had the listing, and Candace Friis of the Corcoran Group brought the buyer.
Aucoin is president of Saint Laurent-based J. Sonic Services, a supplier of home construction materials, including flooring, tile, and artificial grass and bushes, the company’s website shows.
Property records show Aucoin’s trust sold a Gulf Stream condo in the 4001 North Ocean building for $8 million in June.
German West was a longtime executive at McLean, Virginia-based Capital One, and president of the U.S. credit card division for several years. She joined the board of directors in 2013, and served until her death in July of last year at age 62.
German West bought the half-acre Gulf Stream compound for $13 million in April 2021, property records show.
Built in 1928, the buildings were renovated in 2014 and span a total of 6,400 square feet, with five bedrooms and five bathrooms, the listing shows. The property includes two spas, a gym, a sauna, a pool and outdoor shower, according to the listing.
The compound is a portion of Lila Vanderbilt Webb’s Miradero estate, which she designed and built with popular Palm Beach architect Maurice Fatio. Vanderbilt Webb, the granddaughter of Commodore Vanderbilt, started the project after her husband, Dr. William Seward Webb, died in 1926, the Palm Beach Daily News reported.
The estate was later split apart.
Another Fatio-designed home recently flipped in Palm Beach for $41.4 million. Designer and real estate investor Tommy Hilfiger sold the home, which was Fatio’s Palm Beach residence, just five months after buying it from super broker Lawrence Moens for $36.9 million.
A number of big-dollar deals have closed in the tony enclave of Gulf Stream in the past year. In January, a New Jersey baking mogul bought a flipped oceanfront estate for $31.5 million. A Boston-based hedge funder bought an oceanfront compound for $29 million in September. A former Olympic sailor sold his waterfront estate for $16.5 million in August.