The wife of Conair scion Leandro Rizzuto, Jr., flipped a home in Boca Raton’s Royal Palm Yacht & Country Club to a car dealer.
Records show Denise Rizzuto sold the house at 1655 Royal Palm Way to Lou C. Bachrodt III and Irena Lenner for $8 million, nine months after buying it for $7.8 million.
Joyce Marie Schneider of Castles by the Beach Realty had the listing, and Ann Rutherford of Coldwell Banker Realty brought the buyers.
Bachrodt heads Lou Bachrodt Automotive Group, his family’s car dealership business which has locations in the Midwest and South Florida. Records show he owns another Royal Palm home he bought for $1.7 million in 2001.
Denise Rizzuto’s father-in-law was the billionaire founder of the hair products giant Conair. Leandro Rizzuto, Sr., died in 2017 with a net worth of $3.5 billion, according to Forbes. Then-president Donald Trump appointed Rizzuto, Jr., to head the U.S. consulate general in Bermuda in May 2020, following a failed nomination to the ambassadorship for Barbados, Saint Lucia, and St. Kitts and Nevis, according to published reports.
The Rizzutos also have a waterfront Royal Palm mansion they bought for $14 million in 2019, according to property records. Rizzuto, Jr.’s sister, Babe Rizzuto, dropped $34.7 million on an oceanfront Jupiter Island mansion in 2022.
Denise Rizzuto bought the Royal Palm Way house for $7.8 million in April, and listed the house for $8.4 million in September, Redfin shows. The 4,700-square-foot house was built on 0.3 acres in 2000. It has four bedrooms, two bathrooms and a pool, property records show. It was previously remodeled, the listing says.
Royal Palm Yacht & Country Club is among the most coveted gated communities in Boca Raton’s luxury market. In February, a Michigan-based developer bought a waterfront spec mansion for $28 million, a record for both Royal Palm and Boca Raton.