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Beyond the Hedges: North End house fetches $4 million

Posted On: 03-15-2013

By Darrell Hofheinz

Daily News Real Estate Writer

J. Brent and Karen Finnegan have sold the four-bedroom custom home they built in 2000 at 323 Eden Road. An even $4 million changed hands, according to the deed recorded earlier this month by the Palm Beach County Clerk’s office.

Jeffrey W. and Cameron A. Preston of Singer Island bought the North End house, which has 6,032 square feet of living space, inside and out, on a lot that measures about a third of an acre. The home is a few blocks north of the Palm Beach Country Club.

“We’re thrilled to be moving to Palm Beach, and into such a warm and beautiful house,” said Jeff Preston, who is on the leadership team at the U.S. headquarters of the family-owned North American Development Group in West Palm Beach.

The company, which owns and develops shopping centers in the United States and Canada, was founded by its chairman, John W.S. Preston, and has multiple offices in both countries.

Agents Mia T. Morrison and Paul J. Birmingham of Fite Shavell & Associates had last listed the house at $4.495 million, down from the highest price of just under $5 million when the agency acquired the listing last April.

Agent Gary B. Pohrer, managing director of K2 Realty’s Palm Beach office, represented the Prestons in the deal. He also has their three-bedroom condominium, No. 1103 in Ocean’s Edge at Singer Island, listed for sale at $1.219 million.

This was the third Palm Beach house owned by the Finnegans, who have strong ties to New Hampshire. They travel frequently in England and have a fondness for Georgian architecture, the style of the house built for them by Wittmann Building Corp., according to a Palm Beach Daily News story published when the property was on the market.

Among its notable details is the stair hall’s “castle stone” floor imported from England. Other features included wood-plank floors, decorative ceiling treatments, fireplaces in the living and dining rooms, and an extensive loggia by the pool.

“I would describe our house as light and happy,” Karen Finnegan said. “It’s great for entertaining, and it’s very livable.”

She also noted one of the property’s most unusual features — a sausage tree that has been granted protection through the town’s program for “historic and specimen” trees.

“There are only a few on the island. It’s checked each year — and it’s healthy and happy,” she said.

The Finnegans, meanwhile, are staying in Palm Beach and have closed a deal to buy a Midtown condominium. But a deed for that transaction has not yet been recorded by the county clerk.

 

Source: Darrell Hofheinz, March 15, 2013, Palm Beach Daily News

http://www.palmbeachdailynews.com/news/news/national/beyond-the-hedges-north-end-house-fetches-4-millio/nWrMF/

 

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