The Palm Beach estate formerly owned by the late John Lennon and Yoko Ono sold for $36 million, five months after it was listed for sale.
Former Bear Stearns executive John Sites and his wife Cindy sold the oceanfront property at 720 South Ocean Boulevard, according to the Multiple Listing Service. It hit the market in May for $47.5 million with Christian Angle of Christian Angle Real Estate. The Corcoran Group represented the buyer.
A young family from the Northeast purchased the estate, according to the Wall Street Journal.
The late Beatle and his singer-songwriter-artist wife paid $725,000 for the mansion in January 1980, and Lennon was killed in December of the same year. Ono sold the 1.3-acre property in 1986 for $3.2 million.
The home was designed by architect Addison Mizner and originally built in 1920.