FTL Homestead Trust Acquires Jupiter Estate In The Bear's Club For $14.5M

Planet Fitness co-founder Michael Grondahl has sold his Jupiter estate in the Bear's Club for $14.5 million. The 9,900-square-foot mansion, located at 162 Bears Club Drive in the prestigious gated community, sits on a sprawling 1.11-acre lot. The property was renovated by Michael Grondahl and his wife, making it a luxurious and desirable residence. The Bear's Club is known for its high-profile residents, including famous athletes like Michael Jordan and Rory McIlroy. This sale showcases the upscale nature of the community and the desirability of the property.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $14,500,000
• Square Footage: 9,900
• Price per Square Foot: $1,470
• Address: 162 Bears Club Drive, Jupiter
• Market: Jupiter
• Buyer: FTL Homestead Trust
• Seller: Lisa Grondahl & Michael Grondahl
• Buyer's Representative: Dana Koch - The Corcoran Group
• Seller's Representatives: April Stevenson - Sellstate Innovation Realty; Vincent Marotta - Illustrated Properties Real Estate

The transaction was facilitated by prominent real estate professionals. Dana Koch of The Corcoran Group represented the buyer, FTL Homestead Trust, in this transaction, ensuring a smooth and successful deal. On the seller's side, April Stevenson of Sellstate Innovation Realty and Vincent Marotta of Illustrated Properties Real Estate represented Lisa Grondahl and Michael Grondahl. Their expertise and knowledge of the local market were instrumental in achieving the $14.5 million sale price.