Updated Apr 2, 2026
Sky-Jet Aviation Inc. Purchases Jupiter Mansion From David And Melissa Simmons For $18.5M
124 Bears Club Drive
$18,500,000
$1,820/SF
Building Size
10,160 SF
Asset Type
Single Family
Closing
Mar 20, 2026
About this deal
AI
A 10,160-square-foot mansion situated on 1.99 acres at 124 Bears Club Drive in Jupiter sold for $18.5 million. This single-family property was purchased by Valerio Lucchini and Mario Gazzola, associated with Sky-Jet Aviation Inc., from David S. Simmons and Melissa B. Simmons.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $18,500,000
- Address: 124 Bears Club Drive
- Market: Jupiter
- Square Footage: 10,160
- Price Per Square Foot: $1,821
- Buyer's Representatives: Harrison Allen - Waterfront Properties and Club Communities
- Seller's Representatives: Mark Griffin - Bear's Club Sotheby's International Realty
- Acres: 1.99
Sky-Jet Aviation Inc., a New York-based company, finalized the acquisition of the property from a trust held by David S. Simmons and Melissa B. Simmons. The transaction, facilitated by Mark Griffin, reflects the rising interest in luxury real estate within the Bears Club community, evidencing an appreciation of over $5 million since 2024.
On the Map
$18,500,000
$1,820/SF
Single Family
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Players
Jupiter Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93