Barry Smith Acquires Villa Spectre From Aldo Stark For $36.8M In Delray Beach

The property asset involved in this transaction is a single-family home located at 16161 Quiet Vista Circle, Delray Beach. The property spans 2.5 acres and features a total square footage of 21,700. The sale price was $36,800,000, making it the most expensive home in the area with a price per square foot of $1,696.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $36,800,000
• Address: 16161 Quiet Vista Circle
• Market: Delray Beach
• Acres: 2.5
• Square Footage: 21,700
• Price Per Square Foot: $1,696
• Buyer: Barry Smith
• Seller: Aldo Stark - Prestige Design Homes
• Broker: Senada Adzem - Douglas Elliman
• Transaction Date: 12/10/2024

In this deal, Barry Smith, the former CEO of Memorex, acquired the property known as "Villa Spectre," a spec home designed with a James Bond theme. The deal was closed within 18 days and was facilitated as an off-market transaction by Senada Adzem representing the seller, Aldo Stark of Prestige Design Homes.