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
Jupiter Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
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