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IMLI Leaf LLC Purchases Historic Mansion From Ronald S. Gross Estate For $15.5 Million In Palm Beach

Property Image
SOLD
$15,500,000

Florida

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Single Family4,193 SF
Sold 02/12/2025
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Property Image
SOLD

IMLI Leaf LLC Purchases Historic Mansion From Ronald S. Gross Estate For $15.5 Million In Palm Beach

420 Brazilian Avenue

See Similar Deals
Single Family4,193 SF
Sold 02/12/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,696
Total Square Footage:4,193 SF
Transaction Type:Sale

The property asset involved in this transaction is a single-family estate located at 420 Brazilian Avenue in the Palm Beach market. The property spans 4,193 square feet and sits on a 0.2-acre lot. The sale price was $15,500,000, resulting in a price per square foot of $3,697. The estate was originally built in 1924.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $15,500,000
  • Address: 420 Brazilian Avenue
  • Market: Palm Beach
  • Square Footage: 4,193
  • Price per Square Foot: $3,697
  • Buyer: IMLI Leaf LLC
  • Broker: Shelly Newman - The Corcoran Group
  • Previous Sale Price: $3,490,000 (2017)

This transaction was facilitated by broker Shelly Newman, representing the buyer, IMLI Leaf LLC. The property was sold by the estate of developer Ronald S. Gross, who had previously acquired it in 2017 at a significantly lower price. The historic mansion's recent sale reflects a substantial appreciation in its market value over the years.

Players

Shelly Newman
The Corcoran Group
Shelly Newman
10 deals$257.8M volume(612) 860-4599
BROKER

Details

SOLD
IMAGE: Shelly Newman DATE: 02/12/2025 ADDRESS: 420 Brazilian Avenue MARKET: Palm Beach ASSET TYPE: Single Family ~ ACRES: 0.2 BUYER: IMLI Leaf LLC BROKER: Shelly Newman (@Shelly_Newman) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $15,500,000 SF: 4,193 ~ PPSF: $3,697 NOTE: The estate of developer Ronald S. Gross sold a historic mansion at 420 Brazilian Ave in Palm Beach for $15.5 million, equating to $3,697 per square foot. The 4,193-square-foot property, built in 1924, was purchased by IMLI Leaf LLC, and was last sold for $3.49 million in 2017.

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