Andrew Midler Purchases Waterfront Home From Philip S. Cambo In Palm Beach For $18M

The single-family asset located at 1191 North Ocean Way in Palm Beach, FL, has a sale price of $18,000,000. The residence offers 6,243 square feet of space and was developed by Philip S. Cambo, who completed the custom-built home in 2013. The property features a four-bedroom layout alongside enhanced outdoor amenities and a pool area.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $18,000,000
• Address: 1191 North Ocean Way
• Market: Palm Beach, FL
• Square Footage: 6,243
• Price Per Square Foot: $2,883
• Buyer: Andrew Midler
• Seller: Philip S. Cambo - Northern Tree Service
• Buyer's Representative: Gary Pohrer - Serhant
• Seller's Representative: Chris Deitz - Compass

This transaction marks a significant exit for developer Philip S. Cambo, who previously acquired the site for $1.125 million in 2011. The buyer, Andrew Midler, engaged with the sale through the representation of Gary Pohrer, while Chris Deitz represented the seller. The deal was conducted off-market to a trust-linked buyer.