Carter Mario And Eleanor Mario Purchase Jupiter Mansion From Federal Authorities For $12.2M

The property asset involved in this transaction is a single-family home located at 107 Quayside Drive in Jupiter, encompassing 0.42 acres. It features a square footage of 5,986 and was acquired by the buyers for a total sale price of $12,200,000, translating to a price per square foot of $2,038.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $12,200,000
• Address: 107 Quayside Drive
• Market: Jupiter
• Acres: 0.42
• Square Feet: 5,986
• Price per Square Foot: $2,038
• Buyer: Carter Mario & Eleanor Mario
• Broker: Rob Thomson - Waterfront Properties and Club Communities

The deal was influenced by federal authorities who sold the property as part of a fraud case related to the previous owners, Lisa McElhone and Joseph LaForte. The couple's fraudulent activities involved $404 million connected to their Par Funding scheme, leading to the liquidation of the home that was bought in 2019. Attorney Carter Mario is the current purchaser of the property.