http://www.palmbeachdailynews.com/news/news/local/summer-home-deals-hottest/ncZyJ/ Posted: 10:17 a.m. Thursday, Jan. 2, 2014 2013 ANALYSIS Summer home deals hottest Sales that exceeded $15M mark have since dwindled. By Darrell Hofheinz Daily News Real Estate Writer Where have all the big deals gone? Thatâ€™s the question you might ask after tallying up Palm Beach residential sales over the past 12 months. After all, only one transaction has been recorded at more than $15 million since the end of August. By any estimates, thatâ€™s an anemic denouement to a busy summer of sizable deals that tightened the islandâ€™s already-strapped housing inventory. The warm-weather sales frenzy kicked off in May, when radio shock jock Howard Stern used a trust to buy a North End oceanfront estate at 601 N. County Road for a recorded $52 million â€” the largest single sale of the year. Martin and Diane Trust were the sellers in the private deal, put together by broker Lawrence Moens of Lawrence A. Moens Associates. Spoiler Also in May, a record was set for a condominium sale in Palm Beach, when Lee and Laura Munder sold, for a recorded $17.45 million, Penthouse 6A in Il Lugano at 300 Seminole Ave. The buyer was a Delaware limited-liability company linked to the Tisch family of Loews Corp. Agent Jim McCann of the Corcoran Group was the only real estate agent who would confirm any involvement in the private sale. Both of those deals were followed almost immediately by another headliner: the June sale of a never-lived-in, 27,000-square-foot lakefront chateau developed on â€œspecâ€ by builder Dan Swanson at 1220 S. Ocean Blvd. The recorded $42 million it fetched was enough to take the property out of foreclosure â€” even though it was $32 million less than what the developer had been asking for the property. The buyer was a trust associated with seasonal islanders Charles â€œCharlieâ€ B. and Dr. Ann L. Johnson. Listing agent McCann acted opposite agent Stephen Ploof of Linda A. Gary Real Estate in the deal. Spring deals But since summer, sales of property priced in the stratosphere have all but evaporated. Even so, the first week of the new year seems a good time to review what changed hands during the past 12 months on the island. So hereâ€™s a sale-by-sale recap of single-family deals that hit the $15 million mark, as well as a couple of condo sales topping $11 million. The prices quoted here are the ones recorded with the deeds by the Palm Beach County Clerk & Comptrollerâ€™s Office. In March, the Banyan Road Trust bought a spec house at 102 Banyan Road for $20.23 million from investor and developer Peter J. Callahan. Agent Paula Wittmann of Fite Shavell & Associates handled both sides of the sale. Wittmann Building Corp., headed by her husband, Paul Wittmann, was the builder. In April, a limited-liability company associated with Linda and Steve Horn sold historic Villa Today at 260 Via Bellaria for $15 million to Martin T. and Toni Sosnoff. The deal was private. April also was the month that three entities controlled by Fred Latsko sold 757 Island Drive for $17.5 million to a trust linked to Thomas A. and Eugenia â€œJeannieâ€ Tisbo. Linda A. Gary Real Estate handled both sides, with Linda Gary representing the seller and agent Susan Furman acting for the buyers. Summer sales In June, landmarked Casa Eleda changed hands for $15.98 million. Facing the ocean at 920 S. Ocean Blvd., society architect Maurice Fatioâ€™s landmark is known locally as â€œThe Ham-and-Cheeseâ€ because of its exterior decorative banding. A trust in the name of Charles â€œChuckâ€ E. Becker sold it to Penelope and Marion Hugh Antonini, who are carrying out an extensive renovation. McCann was the listing agent, and he and his Corcoran colleague Alison Newton represented the buyers. Also in June, three adjacent vacant lots, totaling nearly 2 acres on Maddock Way, sold together for $24.12 million: 304 Maddock Way fetched $9.21 million; an adjacent non-addressed lot, $9.21 million; and 302 Maddock Way, $5.7 million. Moens not only represented the pair of related Delaware limited-liability companies that bought the lots but also acted for two Florida LLCs that sold the two off-the-market lakefront parcels. Agent Jim McCann of the Corcoran Group, meanwhile, had listed landlocked 302 Maddock Way for its sellers, Jeffrey and Frances Fisher. In August, Robert L. and Linnette Miller sold oceanfront Vita Serena at 105 Clarendon Ave. and its adjacent guesthouse at 824 S. County Road for a combined $17.41 million via a two-deed deal. The buyer was a trust linked in property records to Charles â€œChuckâ€ Schumacher. Moens, who had listed the property for sale, also acted for the trust. Wrapping up the yearâ€™s biggest deals, Bruce L. and Sandra Hammonds in December sold their lakefront estate at 1275 S. Ocean Blvd. for $28.5 million to a Delaware limited-liability company linked to Jeffrey Lurie, majority owner of the Philadelphia Eagles. Agent Cristina Condon of Sothebyâ€™s International Realty handled both sides of the deal. The condo scene In addition to the Mundersâ€™ deal, the islandâ€™s condo market racked up a couple of other eye-popping sales during 2013. As part of the deal in which Stern and his wife Beth Ostrosky bought their new home, Moens moved the sellers into a condo he had listed at Two North Breakers Row. The Trusts paid $11.95 million for Unit S-34 and its cabana in May â€” a record-setting price for an oceanfront apartment in Palm Beach and the second-highest amount ever paid for any condo here. The Trusts bought their condo from Allan Green and his wife, Hana. Then, in September, another sale in the same building, recorded at $11.33 million, became the islandâ€™s second-highest-dollar oceanfront-condo deal ever. Laurie Anne Simpson sold Unit N-44 to former U.S. Ambassador Nicholas Frank Taubman. Broker Christian Angle of Christian Angle Real Estate represented Simpson in the off-the-market sale, opposite Paulette and Dana Koch of the Corcoran Group. Little is pending The number of single-family deals above $15 million has dwindled of late, but courthouse records show that 2013 was still a busy year for sales in the less-rarified-but-still-hefty range: In all, at least 26 single-family-home deals were recorded between $7 million and $13 million. But just six of those occurred between Sept. 1 and the end of the year. And thereâ€™s nothing on the horizon that indicates any major shift soon. According to the Palm Beach Board of Realtors Multiple Listing Service, as of this week, the highest-priced residential properties under contract on the island are listed between $7 million and $8 million â€” and there are only three of those. Of the 19 remaining so-called â€œpendingâ€ sales, 11 are priced at less than $4 million. But, hey, itâ€™s the new year. And, as they say in Palm Beach â€” where wallets are as deep as the ocean and off-the-market deals are always simmering â€” anything is possible.