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Landmarked house in Estate Section sells for $10.5 million

Posted On: 09-28-2016

By Darrell Hofheinz

Daily News Real Estate Writer

A recently renovated landmarked house near the Estate Section’s lakefront has sold for $10.5 million, the price recorded today with the deed at the Palm Beach County Clerk’s office.

Seller Lisa Bair bought the seven-bedroom house at 177 Clarendon Ave. in November 2013 with her then-husband, Paul M. Pompeo. They paid $7.29 million, property records show. Bair oversaw a complete update of the house and its separate cabana.

The buyer weres were James C. Alban IV and his wife, Garland. He is president of Alban CAT, a heavy industrial equipment and power systems dealer based in Baltimore, according to a statement issued today by Douglas Elliman, the agency that represented him in the deal. Elliman agent Ashley McIntosh acted on his behalf.

Agent Heidi Wicky of Linda A. Gary Real Estate listed the property in November at just under $13 million and later dropped the price to $11.995 million. Wicky couldn’t be reached.

The two-story Mediterranean-style house stands on a parcel measuring four-fifths of an acre between Clarendon Avenue and Via Serena. Although it is one lot east of the lakefront, the residence has some water views. In all, the house has 9,769 square feet of living space, inside and out.

The sale closed Friday, according a statement released by Douglas Elliman.

Bair and Pompeo have divorced, and ownership of the house transferred into solely her name about a year ago via a “quit-claim” deed, courthouse records show. She had the house homesteaded in the county tax rolls.

‘House has soul’

With ties to New Jersey and a background in advertising and marketing, Bair founded and is CEO of Quantuvis LLC, a health-care information technology company in New York City . She previously headed another company she founded, Hobart Group Holdings, a New Jersey-based health-care marketing communications firm.

Alban’s company sells, services and repairs Caterpillar equipment in Maryland, Virginia and Delaware. He has been a regular visitor to Palm Beach for many years, he said in a phone interview. He and his wife, Garland, own a vacation home in the El Cid neighborhood off Flagler Drive in West Palm Beach as well as a house north of Baltimore. His parents, James III and Dorothy Alban, own a house on the North End, and his grandparents for many years lived on Worth Avenue.

The Clarendon house appealed to him and his wife for several reasons, including the fact that it was large enough to accommodate their family of eight children, age 4-17, and is in move-in condition.

“It was in a great location, it was a historical house and it had been recently renovated,” he added.

The town granted the Clarendon Avenue house landmark protection in December 2014. The designation prevents exterior facades from being significantly altered without the town’s permission.

Bair liked the property from the get-go, she told the Daily News in a December 2015 article.

“The house has soul and spoke to me,” she said. “It’s my style, historic in nature, and (it) has provenance — the folks who’ve owned it, the parties and weddings they had here.”

Bair bought the house from Sterling Morton Hamill, great-grandson of Joy Morton, the founder of Morton Salt Co.

Built on speculation by Arnold Construction Co., the house’s first owners included Chicagoan Marshall Noel Seeburg of Seeburg of Seeburg Piano Co., which helped pioneer the modern-day jukebox. The house was later owned by Pittsburg Penguins hockey team owner Donald H. Parsons, Worth Avenue retailers Herman and Ruth Hollzburg and antiques dealer Leslie Cladon-White.

Original features

The house has a U-shaped floorplan wrapping around a central courtyard featuring fountains. The swimming pool and a cabana house were added about a decade after the house was built.

Exterior features include quarried keystones, ornamental iron details and carved brackets under the eaves. Inside are the original pecky-cypress paneling, Cuban tile floors and ornate stone mantels.

“The original dance floor is still part of the living room,” Bair told the Daily News in December.

There are also coffered and beamed ceilings, including a pecky-cypress one in the dining room that had been covered up by a previous owner but was restored during Bair’s renovation. Still in place is a vintage safe “for which I don’t have the key,” Bair said.

Wicky represented the seller in the 2013 sale opposite agent Lisa Timm of Equestrian Sotheby’s International Realty in Wellington.

An equestrian, Bair said in the Daily News story that she planned to move to Wellington.

Bair’s ex-husband was a regional sales director of digital security company McAfee when the couple bought the house.

 

 

Source: Darrell Hofheinz, September 28, 2016, Palm Beach Daily News

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