Bought for $14 million in 2000, put on the market several weeks ago for $27.5 million, and sold promptly for $24 million, this Palm Beach mansion was a great investment for Malcolm Glazer.
The $24 million sale is also uplifting for the Palm Beach market, which has suffered from foreclosures and falling prices in 2009. The sale is the region’s biggest of the year, according to Palm Beach Daily News.
Finally, the place is in pristine condition. Glazer never actually lived there, and the new owner, real estate investor Jeffrey Green, probably won’t either.