Gary Smith And Kaylnn Smith Acquire Waterfront Mansion In Palm Beach For $55.2M

The asset involved in this transaction is a single-family home located at 1610 North Ocean Boulevard in the Palm Beach market. This waterfront mansion spans 8,100 square feet and sits on 0.9 acres. The sale was completed for $55.2 million, equating to a price per square foot of $6,815.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $55,200,000
• Address: 1610 North Ocean Boulevard
• Market: Palm Beach
• Square Footage: 8,100
• Price per Square Foot: $6,815
• Buyer's Names: Gary Smith & Kaylnn Smith
• Seller's Names: Bryan & Serena Mattson
• Buyer’s Representative: Todd Peter - Sotheby's International Realty
• Seller’s Representative: Margit Brandt - Premier Estate Properties

This transaction was facilitated by Premier Estate Properties representing the seller and Sotheby’s International Realty handling the buyer’s representation. Notably, Gary Smith, a former COO of Red Bull, and his partner Kaylnn Smith successfully acquired the property from Bryan and Serena Mattson.