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Wednesday, June 20, 2012
Friday, June 8, 2012
House on Seaspray fetches $6.63 million in private deal
By Darrell Hofheinz
DAILY NEWS REAL ESTATE WRITER
Posted: 9:28 p.m. Wednesday, June 6, 2012 With a new home under construction on the North End, Michael L. and Suzanne H. Ainslie have sold their vintage house and its guesthouse at 415 Seaspray Ave. for a recorded $6.63 million.
The buyer was Seaspray Associates LLC, a Delaware-based limited liability company, according to the warranty deed recorded by the Palm Beach County Clerk’s office.
The property changed hands in a private deal and was not listed in area multiple listing services when it sold.
Although Suzanne Ainslie is a real estate agent at Sotheby’s International Realty, she said no agency was involved in the transaction. The property — a double lot — had not been listed for sale since the Ainslies bought the main house 15 years ago, she said.
“We were thinking of listing it,” Suzanne Ainslie said this week. “It was bought by a couple who had come to our house for dinner. They loved the house and said if we ever decided to sell it to give them a call.”
She said she could not comment further about them or identify them because of a confidentiality agreement.
The property measures a little more than a half-acre and lies two streets north of Royal Palm Way on the northwest corner of Seaspray Avenue and Cocoanut Row. It comprises a four-bedroom Mediterranean-style house designed by architect E.B Walton that was completed in 1930, plus a smaller three-bedroom house built in 1960. In all, the structures have about 8,850 square feet of living space, inside and out, property records show.
The Ainslies have owned the main house, which has two stories as well as a third-floor tower, since June 1997, when they paid $1.47 million for it, according to property records. In 1999, they bought the one-story house next door for $650,000 from the late builder Bill Elias for use as a guest house, joining the two properties under a “unity of title” agreement, Suzanne Ainslie said.
Among their improvements, the couple renovated both houses with the help of architect Jacqueline Albarran of SKA Architect Planner. They also reworked the pool area and added landscaping that was designed by landscape architect Mario Nievera.
The Ainslies bought a vacant lot at 202 Plantation Road a year ago for $1.55 million and commissioned a custom house designed by Michael Perry of MP Design and Architecture, Suzanne Ainslie said. That house will be completed next April, she added.
The Ainslies also have two apartments, one they own jointly on Atlantic Avenue and the other in Suzanne Ainslie’s name on South Flagler Drive in West Palm Beach, property records show.
A private investor, Michael L. Ainslie serves on the executive committee of the Palm Beach Civic Association. A former president and chief executive of Sotheby’s Holdings, he also was a longtime director at Lehman Brothers Holdings Co. when the firm filed for bankruptcy in 2008.
The Ainslies have supported, among other local organizations, The Society of the Four Arts and Palm Beach Day Academy.
Before she became a real estate agent in 2003, Suzanne Ainslie worked in the financial and venture-capital industries and was an entrepreneur.
The deed of sale for the Seaspray Avenue house was dated May 31 and recorded a day later. It lists Seaspray Associates’ address in care of the Proskauer Rose law firm in Boca Raton. Sal Ramos
Sales Associate – Realtor
South Florida – Luxury Estate Agent
Advanta Realty Hablo Español
Falo Português Certified International Property Specialist Trans-National Referral Certified Mobile: 561-718-0539 or 561-318-0302
Efax #: 800-665-1363
Skype: sal.ramos1 Website: http://sramos.advantarealty.com Download My Mobile Real Estate Search App For Your Phone…. http://mobile.smarteragent.com/advantarealty/ar Mobile Website is: http://m.sramos.advantarealty.com Email: salsells4u@gmail.com
DAILY NEWS REAL ESTATE WRITER
Posted: 9:28 p.m. Wednesday, June 6, 2012 With a new home under construction on the North End, Michael L. and Suzanne H. Ainslie have sold their vintage house and its guesthouse at 415 Seaspray Ave. for a recorded $6.63 million.
The buyer was Seaspray Associates LLC, a Delaware-based limited liability company, according to the warranty deed recorded by the Palm Beach County Clerk’s office.
The property changed hands in a private deal and was not listed in area multiple listing services when it sold.
Although Suzanne Ainslie is a real estate agent at Sotheby’s International Realty, she said no agency was involved in the transaction. The property — a double lot — had not been listed for sale since the Ainslies bought the main house 15 years ago, she said.
“We were thinking of listing it,” Suzanne Ainslie said this week. “It was bought by a couple who had come to our house for dinner. They loved the house and said if we ever decided to sell it to give them a call.”
She said she could not comment further about them or identify them because of a confidentiality agreement.
The property measures a little more than a half-acre and lies two streets north of Royal Palm Way on the northwest corner of Seaspray Avenue and Cocoanut Row. It comprises a four-bedroom Mediterranean-style house designed by architect E.B Walton that was completed in 1930, plus a smaller three-bedroom house built in 1960. In all, the structures have about 8,850 square feet of living space, inside and out, property records show.
The Ainslies have owned the main house, which has two stories as well as a third-floor tower, since June 1997, when they paid $1.47 million for it, according to property records. In 1999, they bought the one-story house next door for $650,000 from the late builder Bill Elias for use as a guest house, joining the two properties under a “unity of title” agreement, Suzanne Ainslie said.
Among their improvements, the couple renovated both houses with the help of architect Jacqueline Albarran of SKA Architect Planner. They also reworked the pool area and added landscaping that was designed by landscape architect Mario Nievera.
The Ainslies bought a vacant lot at 202 Plantation Road a year ago for $1.55 million and commissioned a custom house designed by Michael Perry of MP Design and Architecture, Suzanne Ainslie said. That house will be completed next April, she added.
The Ainslies also have two apartments, one they own jointly on Atlantic Avenue and the other in Suzanne Ainslie’s name on South Flagler Drive in West Palm Beach, property records show.
A private investor, Michael L. Ainslie serves on the executive committee of the Palm Beach Civic Association. A former president and chief executive of Sotheby’s Holdings, he also was a longtime director at Lehman Brothers Holdings Co. when the firm filed for bankruptcy in 2008.
The Ainslies have supported, among other local organizations, The Society of the Four Arts and Palm Beach Day Academy.
Before she became a real estate agent in 2003, Suzanne Ainslie worked in the financial and venture-capital industries and was an entrepreneur.
The deed of sale for the Seaspray Avenue house was dated May 31 and recorded a day later. It lists Seaspray Associates’ address in care of the Proskauer Rose law firm in Boca Raton. Sal Ramos
Sales Associate – Realtor
South Florida – Luxury Estate Agent
Advanta Realty Hablo Español
Falo Português Certified International Property Specialist Trans-National Referral Certified Mobile: 561-718-0539 or 561-318-0302
Efax #: 800-665-1363
Skype: sal.ramos1 Website: http://sramos.advantarealty.com Download My Mobile Real Estate Search App For Your Phone…. http://mobile.smarteragent.com/advantarealty/ar Mobile Website is: http://m.sramos.advantarealty.com Email: salsells4u@gmail.com
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