Winifred Johnson Marquart Of Southern Mark LLC Acquires Villa Banyan In Palm Beach For $30M
217 Clarke Avenue
$30,000,000
$3,114/SF
Building Size
9,634 SF
Asset Type
Single Family
Closing
Oct 3, 2025
AI
The property involved in the transaction is located at 217 Clarke Avenue in Palm Beach, featuring a single-family home known as Villa Banyan. The sale price amounted to $30,000,000, and the property encompasses a total square footage of 9,634, resulting in a price per square foot of $3,114.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $30,000,000
- Address: 217 Clarke Avenue
- Market: Palm Beach
- Square Footage: 9,634
- Price Per Square Foot: $3,114
- Buyer: Winifred “Winnie” Johnson Marquart - Southern Mark LLC
- Seller: Deborah Robinson
- Brokers: J. Richard Allison & Shelly Newman - The Corcoran Group
Winifred “Winnie” Johnson Marquart, an heir to the SC Johnson family, acquired the property from Deborah Robinson, the widow of former RJR Nabisco executive Edward Robinson. The transaction was conducted off-market, with J. Richard Allison representing the seller and Shelly Newman representing the buyer.
Players
Palm Beach 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93