A spec house is planned for lot sold by Dan and Karen Swanson, who lived on the property and developed the Phipps Estate residential enclave.
| Palm Beach Daily News
The sole property that hasn’t been redeveloped in Palm Beach’s Phipps Estate neighborhood has sold for a recorded $9.4 million.
With a cottage dating to the 1920s, the property at 205 Via Tortuga changed hands for its land value, according to the deed recorded Friday.
The buyer will develop on speculation a French country-style house already designed and approved by the town for the site, according to the real estate agent who handled the sale.
The buyer’s identity was not immediately revealed in the information about the sale posted on the Palm Beach County Clerk’s website. Agent Jim McCann of Premier Estate Properties, who handled both sides of the transaction, declined Sunday to identify the buyer.