Duane And Kelly J. Roberts Acquire Oceanfront Villa In Palm Beach For $48.5M

A single-family oceanfront villa located at 1519 North Ocean Way in Palm Beach has been sold for $48.5 million. The property spans 9,136 square feet and sits on an acreage of 1.81. The price per square foot is $5,309. This estate was previously owned by hedge fund executive Edward Mulé, who acquired it for $15.01 million in 2019.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $48,500,000
• Address: 1519 North Ocean Way
• Market: Palm Beach
• Square Footage: 9,136
• Acreage: 1.81
• Price per Square Foot: $5,309
• Buyer: Duane & Kelly J. Roberts
• Seller: Edward Mulé - Silver Point Capital
• Buyer’s Representative: Thomas Shaw - Sotheby's International Realty
• Seller’s Representatives: Allison Wren & Dana Koch - The Corcoran Group

Duane and Kelly J. Roberts, who are billionaires and noted for founding the frozen burrito, plan to renovate the 1930s European-style estate following their relocation from California.