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152 Bears Club Drive

Frank And Dolores Mennella Acquire Bears Club Mansion In Jupiter For $48M From Ashley And Edward Brown
SOLDSingle Family

Frank And Dolores Mennella Acquire Bears Club Mansion In Jupiter For $48M From Ashley And Edward Brown

152 Bears Club Drive

$48,000,000

$2,938/SF

Building Size

16,337 SF

Asset Type

Single Family

Closing

Feb 18, 2025

AI

This single-family estate located at 152 Bears Club Drive in Jupiter spans 2.4 acres and features a total square footage of 16,337. The property was sold for $48,000,000, translating to a price per square foot of $2,938.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $48,000,000
  • Address: 152 Bears Club Drive
  • Market: Jupiter
  • Acres: 2.4
  • Square Feet: 16,337
  • Price Per Square Foot: $2,938
  • Buyer: Frank & Dolores Mennella - Valley Tool & Plastics
  • Seller: Ashley Brown & Edward Brown - Surterra Wellness
  • Buyer's Representative: Philip Lyle Smith - Luxury Resort Portfolio
  • Seller's Representative: James McCann - Premier Estate Properties

Edward Brown, the former CEO of Patrón and current Executive Director of Surterra Wellness, and his wife Ashley, are the sellers of this property. They originally acquired the estate for $6 million in 2018 and completed it in 2021. After this transaction, the Browns purchased an oceanfront spec home on Jupiter Island for $33.8 million. Frank and Dolores Mennella previously sold a mansion in Manalapan for $48 million in 2023.

Players

James McCann

Premier Estate Properties

Broker

$541.1M

vol

22 deals

Broker

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

0.33%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93