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Beyond the Hedges: Dunbar Road house sells for $2.3M

Posted On: 10-18-2012

By Darrell Hofheinz

Daily News Staff Writer

An Ohio doctor has paid a recorded $2.3 million for the Mediterranean-style house at 171 Dunbar Road once owned by Allman Brothers drummer Butch Trucks and his wife, Melinda.

Dr. Thomas E. Mandat of Brecksville, a Cleveland suburb, bought the house through a limited liability company from another LLC controlled by Palm Beach developer E. Llwyd Ecclestone Jr.

Built in 1954, the six-bedroom house has 5,581 square feet of living space, inside and out, according to property records. Ecclestone’s ownership company, VA Housing LLC, bought the house from the Truckses for a recorded $2 million in May 2011 and then updated the kitchen before putting it back onto the market. The Truckses had owned the property at the corner of North County Road for more than a decade.

The house was unoccupied when it sold, says agent Bill Yahn of the Corcoran Group, who had listed it at $2.695 million. Christian Angle of Christian Angle Real Estate represented the buyer’s Ohio ownership company, Olde Eight Development LLC. Angle said he had no comment on the sale.

Mandat owns no other property in Palm Beach County under his name or the LLC, according to public records.

Real estate agents like package deals — and this transaction seemed ripe for one, considering that a vacant lot measuring about two-fifths of an acre is for sale next door at 167 Dunbar Road. If the lots were combined, the new owner would double his or her land.

Owned by Laura Andrassy, one of golfer Greg Norman’s exes, the vacant lot is co-listed for sale at $4.25 million by agents Toni Hollis and Gloria More of Fite Shavell & Associates.

But Yahn says the lot wasn’t a factor in the sale, which was recorded Oct. 9 by the Palm Beach County Clerk’s office. Nor, he adds, was Andrassy interested in buying the house.

“Oddly, no one wanted the package – I tried,” Yahns says.

 

Source: Darrell Hofheinz, October 18, 2012, Palm Beach Daily News

http://www.palmbeachdailynews.com/news/lifestyles/home/beyond-the-hedges-dunbar-road-house-sells-for-23m/nSfNT/

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