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217 Clarke Avenue

Winifred Johnson Marquart Of Southern Mark LLC Acquires Villa Banyan In Palm Beach For $30M
SOLDSingle Family

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

Shelly Newman

The Corcoran Group

Broker

$257.8M

vol

10 deals

Broker

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