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Deed: Ex-FBI head Louis Freeh linked to $9.38M home purchase

Posted On: 05-05-2017

A Delaware company linked to former FBI director Louis Freeh and his family has paid $9.38 million for a house at 120 Everglade Ave. in Palm Beach, according to a deed recorded today.

The house was bought by a limited liability company, 120 Everglade LLC, with a mailing address in Washington, D.C.

The Freeh family already had ties to Palm Beach. Louis Freeh’s wife, Marilyn A. Coyle, co-owns a penthouse in the oceanfront Winthrop House, 100 Worth Ave., property records show. The two-bedroom apartment entered the market at $2.75 million last month, according to the Palm Beach Board of Realtors Multiple Listing Service.

Louis J. Freeh runs a company named Freeh Group International Solutions, a global risk-management consulting firm with offices in Wilmington, Del., and New York City. A former federal judge, he ran the FBI from 1993 to 2001.

On the near North End, the Everglade Avenue house that just changed hands dates to the 1920s. The five-bedroom house and its one-bedroom guesthouse have a total of 7,132 square feet of living space, inside and out.

The seller was businessman Armen A. Manoogian, who three weeks ago paid a recorded $18.7 million for a Palm Beach house at 224 S. Ocean Blvd. in Midtown.

Louis Freeh has attended social events in town, according to coverage in the Daily News. In 2010, he was named Man of the Year by Il Circolo, the Italian Cultural Society of the Palm Beaches, during an event at The Breakers. After receiving the award, which organizers said recognized him as a role model for Italian Americans, Freeh spoke briefly, recalling his mother, who “instilled in him the Italian culture.”

Freeh also attended the 2012 Policemen’s Ball at The Mar-a-Lago Club.

Manoogian’s new home is a much-renovated house built in 1924. He bought it from Lisa McGovern and her husband, Kevin M. McGovern, a corporate attorney who also owns the investment firm McGovern Capital in New York City and Boca Raton. Recorded April 11, the sale was previously reported in the Daily News.

Broker Christian Angle of Christian Angle Real Estate represented Manoogian in his sale on Everglade Avenue. Angle had the Everglade Avenue house — with its 7,132 square feet of living space, inside and out — listed at $10.45 million in the local MLS. The renovated property went on the market in mid-January.

Broker Christine Franks of Wilshire International Realty acted on behalf of the buyer, according to MLS records. She also has the Winthrop House penthouse listed for sale. It is co-owned by Nasser J. and Yvonne P. Kazeminy, property records show. Courthouse documents show Coyle and Nasser Kazeminy bought it together for a recorded $1.45 million in 2004. In 2011, Yvonne Kazeminy was added to the ownership records.

Members of the Freeh family, Manoogian, Franks and Angle couldn’t be reached for comment.

Manoogian paid $6.28 million for the house in 2008, property records show, about six months before the Great Recession hit the island and slowed real estate sales and dampened prices.

Said to date from 1922, the house on Everglade Avenue occupies a quarter-acre lot one property west of the beach. As a result, the master bedroom’s balcony on the second floor affords ocean views, according to Angle’s sales listing. It described the house as “perfect for entertaining with an oversized reception area, living room, pub room, formal dining (room) and library.”

Other features include an elevator, a two-car garage, a summer kitchen and a basement with a wine room.

Manoogian acted as trustee of the trust that sold the house. The deed lists the trust with a mailing address in McLean, Va.

Manoogian is CEO of United Business Technologies, an office-equipment and copier supplier in Maryland and Virginia. UBT sells and services Canon and HP digital copiers, printers and other machines in and around Washington and Baltimore.

The Corcoran Group handled both sides of the deal when the McGoverns sold Manoogian their house on South Ocean Boulevard. Agent Joseph A. Borzillieri represented Manoogian opposite listing agents Paulette Koch and Dana Koch. The property encompasses nearly three-quarters of an acre between Seaspray and Seaview avenues. It faces 129 feet of beachfront on the east side of the coastal road.

 

Source: Darrell Hofheinz, May 5, 2017, Palm Beach Daily News

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