Financier Dennis Bottorff and his wife, Jean Bottorff, sold their Palm Beach house for $36.9 million within days of listing it for $37 million.
Records show the Bottorffs sold the house at 300 North Ocean Boulevard to a trust named for the address and managed by local attorney Paul Krasker. The true buyer is hidden.
Edward Curran of Brown Harris Stevens had the listing, and Maureen Woodward, also of Brown Harris Stevens, brought the buyer. They declined to comment on the deal.
The Bottorffs listed their home for $37 million on May 9, and it sold on May 13, according to Redfin and the deed. The deal signals the strength of demand on the island, where a flurry of eight-figure sales have closed in the final weeks of the season.
The Bottorffs had the property homesteaded, but they are a prominent Nashville couple, according to published reports. Dennis Bottorff, following a decades-long banking career, founded the health care-focused venture capital firm Council Capital in Nashville in 2000. He was also on the board of directors for Ingram Industries, the Nashville-based manufacturing company owned by the billionaire Ingram family.
The Bottorffs bought their North Ocean Boulevard house for $6.6 million in 2004, records show. Built in 1977 on nearly 0.8 acres, the property includes a 5,400-square-foot house with five bedrooms, six bathrooms and two half-bathrooms, a guest house, pool, and an oceanfront parcel across the street with a cabana and lawn, the listing shows.
After a slow start to the season, Palm Beach’s ultra-luxury market took off in recent weeks. Tarpon Island, a private island estate, sold for $152 million in a deal that closed on Friday, making it Florida’s priciest sale of the year so far. Earlier this month, former sporting goods mogul David Gochman sold his house for $51.3 million after downsizing to a spec home in West Palm Beach. Also this month, aviation heirs Gary and Darlene Yelvington sold their family’s lakefront mansion for $39 million.