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David P. Malm Of Webster Equity Partners Acquires 0.57 Acre Lot In Palm Beach For $16M

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SOLD
$16,000,000

Florida

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Land
Sold 02/03/2025
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Property Image
SOLD

David P. Malm Of Webster Equity Partners Acquires 0.57 Acre Lot In Palm Beach For $16M

1150 North Ocean Way

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Land
Sold 02/03/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

A 0.57-acre vacant lot located at 1150 North Ocean Way in Palm Beach has been sold for $16 million. The asset is characterized as raw land and is situated in the Palm Beach market.

Summary of transaction details:

David P. Malm’s Goldfinger LLC is the entity that purchased the property. Plans are in place for a new mansion to be constructed on this site, as facilitated by broker Christopher Leavitt from Douglas Elliman.

Players

Christopher (Chris) Leavitt
Douglas Elliman
Christopher Leavitt
51 deals$1.3B volume(917) 664-0720
BROKER
Bank of New Hampshire
Bank of New Hampshire
LENDER

Details

SOLD
IMAGE: David P. Malm & Christopher Leavitt DATE: 02/03/2025 ADDRESS: 1150 North Ocean Way MARKET: Palm Beach ASSET TYPE: Land ~ ACRES: 0.57 BUYER: David P. Malm - Webster Equity Partners SELLER: Toburn Management BROKER: Christopher Leavitt (@TheChrisLeavitt) - Douglas Elliman (@DouglasElliman) LENDER: Bank of New Hampshire SALE PRICE: $16,000,000 NOTE: David P. Malm’s Goldfinger LLC bought a vacant 0.57-acre lot at 1150 N. Ocean Way in Palm Beach for $16 million from 1150 N. Ocean Way LLC. Douglas Elliman’s Christopher Leavitt brokered the deal, with Malm planning to build a new mansion on the site.

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