Distinctive Palm Beach Properties
 
 
Zimmermans
 
 

North End spec house priced at nearly $5.5 million

Posted On: 11-07-2014

By Darrell Hofheinz Daily News Staff Writer

A four-bedroom house on the northern tip of the island at 119 E. Inlet Drive has marked a return to the island for real estate investor and developer Richard Cushing True.

True developed the 4,850-square-foot house on speculation, just as he had done with about a dozen other Palm Beach homes “until the meltdown,” as he put it. Like other developers, he took a hiatus during the recession years. His last project here also was on the North End, a 2008 home on Tangier Avenue.

The British West Indies-style house on Inlet Drive was built by Beacon Construction Co. and designed by Harold Smith, principal of Smith and Moore Architects. Landscaping is by Keith Williams of Nievera Williams Design.

Measuring about a quarter-acre, the property has private beach access. In 2012, True paid a recorded $1 million for the long-vacant lot, which had been listed for sale by Corcoran Group agent Jim McCann.

True has the house listed for sale at $5.495 million with Corcoran, where he has his real estate license. That’s also the agency where his late wife, Karen, worked before her death in 2008. The couple worked as a team, developing and selling homes.

The Inlet Drive house — one of only a few newly completed spec houses on the island — has already attracted interest from house-hunters since it earned its certificate of occupancy a month ago. True reports that traffic was steady at an open house two weeks ago.

 

Source: Darrell Hofheinz, November 7, 2014, Palm Beach Daily News

News Categories

Zimmerman Douglas Elliman

340 Royal Poinciana Way, Suite 318
Palm Beach, FL 33480

Jacqueline A. Zimmerman (561) 906-7153 Direct jz@PalmBeachProperty.com

Adam M. Zimmerman (561) 906-7152 Direct az@PalmBeachProperty.com

(561) 655-8600 Main Office

iPhone App
 
www.DistinctivePalmBeachProperties.com

The Definitive Source for Palm Beach Real Estate

Jacqueline A. Zimmerman(561) 906-7153pAdam M. Zimmerman(561) 906-7152pMain Office(561) 655-8600
Douglas Elliman, Licensed Real Estate Broker | 340 Royal Poinciana Way, Suite 318, Palm Beach, FL 33480


house

Equal Housing Opportunity

Privacy Policy | Terms & Conditions

Copyright © 2010. All Rights Reserved

No warranty or representation, express or implied is made as to the accuracy of the information contained herin, and same is submitted subject errors, omission, change of price rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.