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M2B Properties paid a recorded $3.195 million for the property on Mockingbird Trail in August 2020, just as the real estate boom sparked by the coronavirus pandemic got underway in Palm Beach.
For the next 10 years, the property lay dormant. The Cameron brothers joined their cousin, Raeford Trask, and investor Richard Wetherill, forming the Island Development Company to develop the real estate on the island. They named the island Figure Eight to indicate Rich's Inlet Creek's crooked paths in the marsh.
It was reopened as a house in 1985. Jerry Wallace, the former Lynwood Fire Chief, bought the house from Armstrong in 1992 and lived in it for eleven years. He eventually sold the house to Scott Ostlund and Barret Woods, a pair of real estate investors, in 2016. It was restored from 2016 to 2017. Features
The property was put on the market again by real estate agent Joe Babajian for $4.5 million in 2011. In early 2012, it was listed for $12 million, but by July it had decreased to $7.8 million. [1] In 2014, it was priced at $5 million [2] but was eventually sold in 2015 for $3.2 million. [15]
Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here's how even ordinary investors can become the landlord of Walmart, Whole Foods or Kroger
The movie's famous house — yep, it's a real house — hit the market this week for the first time in 12 years, selling for $5.25 million. The 9,126-sq. ft. home, built in 1921 and located in the ...
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