Hedge fund billionaire Larry Robbins bought a mansion in Palm Beach Gardens’ Old Palm Golf Club for $13.9 million, sources told The Real Deal.
Robbins’ Elina PBG Holdings LLC, a Delaware entity, bought the house at 11759 Elina Court from John and Margaret Hague, records show.
Vince Marotta of Illustrated Properties represented both sides of the deal. He declined to comment.
Robbins is CEO of Glenview Capital Management, a New York City-based hedge fund with more than $7 billion in assets under management. His personal net worth is $1.9 billion, according to Forbes. He listed his Upper East Side penthouse in New York for $55 million in March, the Wall Street Journal reported.
John Hague is also a financier, who heads Newport Beach-based Hague Capital Partners. He and his wife bought the Old Palm Golf Club house for $5.8 million in 2021. Built in 2009 on 0.8 acres, the 12,400-square-foot mansion has eight bedrooms, seven bathrooms and one half-bathroom, property records show. The home includes a pool, gym, theater, club room, office and a two-bedroom guest house with a kitchenette, the listing shows. The couple extensively renovated the property, according to the listing.
The Hagues listed it for $14.5 million in November, Redfin shows.
Palm Beach Gardens is a hub of luxury gated golf club communities, including the Bears Club and Old Palm Golf Club, which has attracted a number of high-profile buyers. Robert Johnson, the co-founder of BET, bought a spec mansion in Old Palm for $20 million in June. In 2016, Ben Carson bought a mansion for $4.4 million in the gated community. In 2022, cybersecurity CEO Jason Elmer dropped $9.2 million on a house.