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Beyond the Hedges: Rare-to-the-market condo sells quickly

Posted On: 04-26-2013

By Darrell Hofheinz

Daily News Staff Writer

Historic Warden House has only six condominiums, and they seldom hit the market. So when one sells, it’s noteworthy.

That’s what happened last week when Adria and Dr. George C. Roush’s updated unit in the historic complex at 200 N. Ocean Blvd. sold for a recorded $2.12 million. The buyer was Samuel “Sandy” J. Bloomberg, acting as trustee of a family trust in his name, along with co-trustee James H. Grandberg.

Before this month’s deal, the last sale at Warden House dated to 2006, when the Roushes paid about $1.6 million for condo No. 3, their 1,778-square-foot condo about a block from the beach. They transferred ownership of the two-floor unit to Adria Roush’s name in 2007.

The apartments are among Palm Beach’s most intriguing, at least as far as their architectural history is concerned. They were carved out of a 40-room, Mediterranean-style mansion designed in 1922 by noted society architect Addison Mizner; the house was converted into condos by Palm Beacher Bob Eigelberger in 1980.

Eigelberger’s revamp — along with his similar “adaptive restoration” of nearby Bienenstar, another celebrated historic mansion — earned its own place in island history when it received the Preservation Foundation of Palm Beach’s inaugural Robert I. Ballinger Award for historically sensitive renovation in 1988.

The Roushes completely overhauled their two-bedroom, two-bathroom apartment in 2009, adding a third bedroom and a half-bath in the process. The update created a light-and-bright apartment with a “transitional twist,” according to the Corcoran Group’s property description prepared by listing agents Paulette Koch and her son, Dana Koch.

Among the apartment’s features are crown moldings, Venetian-plaster walls, an antique mantelpiece, a stainless-steel kitchen and a sophisticated Lutron lighting system.

“This apartment is outstanding in every way possible. It really takes your breath away,” says Paulette Koch, who had priced it at $2.75 million.

Corcoran Group had the listing for a little less than two months before it went under contract in early January.

“People are also looking for ‘turnkey’ and ‘easy,’ and this was one of those,” Koch adds. Neither she nor her son would comment further on the sale or the parties involved.

Folks with New England ties figured prominently on both sides of the deal. The Roushes have a home in Greenwich, Conn. Dr. Roush, who specializes in internal medicine, is affiliated with St. Vincent’s Medical Center in Bridgeport. His wife, meanwhile, is a jewelry designer known professionally as Adria de Haume.

Buyer Bloomberg, meanwhile, founded Tweeter Home Entertainment Group, a now-defunct multi-state chain of audio and video electronics stores that was based in Canton, Mass. In 2008, Bloomberg and his wife, Carolina, sold a 2.3-acre parcel they owned through a trust in her name at 1040 S. Ocean Blvd. in Manalapan for $9.2 million, property records show.

“We moved in a week ago and we love it,” says Sandy Bloomberg, who has other homes in Massachusetts and Vermont. “It’s a wonderful apartment and a great location.”

 

Source: Darrell Hofheinz, April 26, 2013, Palm Beach Daily News

http://www.palmbeachdailynews.com/news/lifestyles/home/beyond-the-hedges-rare-to-the-market-condo-sells-q/nXWxm/

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