Michael Cantanucci Acquires Palm Beach Oceanfront Estate For Record $170M

Luxury car dealer Michael Cantanucci has purchased an oceanfront estate in Palm Beach from Bob Stiller, who founded Green Mountain Coffee Roasters, for a record $170 million. This transaction sets a new record for the most expensive single-family home sale on the island. The property, located at 589 North County Road, spans 1.6 acres and features a 20,195-square-foot mansion with 10 bedrooms, 11 full bathrooms, and seven half-bathrooms. Additionally, the estate offers a pool, a summer kitchen, and breathtaking ocean views.

Summary of transation details

• Property Type: Single Family
• Transaction Amount: $170,000,000
• Address: 589 North County Road, Palm Beach
• Market: Palm Beach
• Asset Type: Single Family
• Acres: 1.6

Michael Cantanucci, the buyer of the property, is the owner of New Country Motor Car Group, one of the largest independent car dealerships in the US. Bob Stiller and Christine Stiller, the sellers, have ties to Green Mountain Coffee Roasters. The buyer was represented by Christian Angle of Christian Angle Real Estate, while Lawrence Moens of Lawrence A. Moens Associates represented the sellers. This significant transaction highlights the high-value real estate market in Palm Beach and the influence of prominent individuals in the luxury car industry.