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Harvey Jones Acquires $50M Palm Beach Waterfront Estate

940 North Lake Way
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This Single Family Residence property located in FL was sold for $50,000,000 7 months ago. The brokers of the deal were Todd Peter, Mark Bennett, and Frances Peter

A Palm Beach waterfront estate, once owned by liquor mogul James V. Tigani Jr., has been sold for $50 million in a recent transaction. The property, located at 940 North Lake Way, spans 0.8 acres and features a 7,500-square-foot house. The house boasts five bedrooms, six bathrooms, two kitchens, four bars, a billiards room, a pool, and 130 feet of waterfront.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $50,000,000
  • Address: 940 North Lake Way
  • Market: Palm Beach
  • Size: 0.8 acres

Tech investor Harvey Jones, through Square Wave Ventures, served as the buyer in this notable transaction. The buyer was represented by Todd and Frances Peter from Sotheby's International Realty. On the other side, Mark Bennett of The Corcoran Group acted as the seller's representative. This deal highlights the involvement of key individuals and reputable realty firms in the Palm Beach real estate market.

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Deals
  • Location
    940 N Lake Way Palm Beach, FL 33480, USA940 N Lake Way Palm Beach, FL 33480, USA
  • Sale Price
    $50,000,000$50,000,000
    $6,666 PPSF$6,666 PPSF
  • Area
    7,500 SF7,500 SF
  • Asset Type
    Single Family ResidenceSingle Family Residence
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Todd Peter

Todd Peter

Deals4
Sold$98.5M

Frances Peter

Frances Peter

Deals2
Sold$59.1M

Agencies

Sotheby's International Realty

Sotheby's International Realty

Agency
Deals1393
Volume$12.3B

The Corcoran Group

The Corcoran Group

Agency
Deals461
Volume$6.8B

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Deal Summary

SALE IMAGE: Frances Peter, Todd Peter, Mark Bennett & Harvey Jones DATE: 07/28/2023 ADDRESS: 940 North Lake Way MARKET: Palm Beach ASSET TYPE: SFR ~ ACRES: 0.8 BUYER: Harvey Jones - Square Wave Ventures BUYER'S REP: Todd & Frances Peter - Sotheby’s International Realty (@SothebysRealty) SELLER'S REP: Mark Bennett - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $50,000,000 SF: 7,500 ~ PPSF: $6,667 NOTE: Tech investor Harvey Jones bought a Palm Beach waterfront estate for $50 million, once owned by liquor mogul James V. Tigani, Jr. The 7,500-square-foot house features five bedrooms, six bathrooms, two kitchens, four bars, a billiards room, a pool, and 130 feet of waterfront.

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940 North Lake Way

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