Investor Anthony Beyer and his wife, Vanessa Beyer, sold their Palm Beach house for $24 million, The Real Deal has learned. It marks one of the priciest non-waterfront sales ever on the island’s North End.
The couple sold the house at 200 Tradewind Drive, eight years after completing an extensive tropical modern renovation, Anthony Beyer confirmed. Margit Brandt of Premier Estate Properties had the listing, and Lawrence Moens of Lawrence A. Moens Associates brought the buyer. They declined to comment on the identity of the buyers, and the deed is not yet available in public records.
It rivals the priciest non-waterfront sale on the North End. In May, the billionaire Hearst family sold a mansion on the North End off-market for $25 million.
Anthony Beyer is an investor with Poinciana Capital Partners in West Palm Beach, according to LinkedIn. He is also a grandson of Joseph Mandel, one of the brothers who founded auto and electronics parts distributor Premier Industrial. After a series of mergers, Premier Industrial is today known as U.K.-based Avnet subsidiary Premier Farnell, according to published reports.
The Beyers’ sons are now attending high school in Fort Lauderdale, prompting the family to relocate, Anthony Beyer said.
“We found we weren’t using the house,” he said, and thought that by the time the family would be moving back to Palm Beach he’d be ready to take on a new construction project.
The Beyers bought the Tradewind Drive home for $4 million in 2016, records show. It was built in 1971 on 0.4 acres. In 2017, the couple completed a renovation in collaboration with local firm Smith Architectural Group and Brazilian architect Isay Weinfeld, Anthony Beyer said.
The house spans nearly 5,200 square feet, with five bedrooms, five bathrooms, one half-bathroom and a pool, records show. The home also includes a wine room, museum-grade skylights and a custom front door by Weinfeld. The remodel was designed to display the couple’s art collection, Beyer said.
Single-family home construction is a notoriously difficult process on the island, where home design is governed by the Palm Beach Architectural Commission (Arcom). Buyers unwilling to take on yearslong design and construction projects are driving demand for newly completed homes, which are in short supply. Todd Glaser, one of the island’s luxury spec developers, is focusing on renovations to avoid the headache of new construction. In November, he sold a renovated waterfront home in Palm Beach to billionaire Herbert Wertheim for $38 million.
The Beyers built the Tradewind Drive home following an earlier attempt to build a tropical modern home on a different island property, which was challenged by their neighbors. Arcom is tough, but also a perk of living in Palm Beach, he said.
“It is a very big undertaking to build a house in Palm Beach. It’s become a very unpleasant process,” Beyer said. “That’s a real privilege of living in Palm Beach. They just want whatever you’re building to be well executed. They don’t like modern design that slaps you in the face. They wouldn’t like any house that slaps you in the face.”