A Dutch Colonial-style home located at 242 Tangier Avenue in Palm Beach has been sold for $16,970,000. The property spans 5,548 square feet and is situated on a 0.32-acre lot, resulting in a price per square foot of approximately $3,059.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $16,970,000
• Square Footage: 5,548
• Price per Square Foot: $3,059
• Address: 242 Tangier Avenue
• Market: Palm Beach
• Buyer: Lauren & Donald Fornes
• Seller: Julie & Thomas F. Frist III
• Buyer's Representative: Heather Woolems Rogers - Sotheby's International Realty
• Seller's Representative: Crista Ryan - Tina Fanjul Associates

The transaction involved investment manager Thomas “Tommy” F. Frist III selling the residence to entrepreneur Donald Fornes. The home features designer architectural details and poolside loggias, enhancing its appeal in the luxury market.