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Bockmanns sell Jungle Road home to Hewitts for $7.2 million

Posted On: 11-14-2010

By Darrell Hofheinz

Updated: 8:40 p.m. Tuesday, Nov. 2, 2010

Posted: 4:28 p.m. Tuesday, Nov. 2, 2010

Maria K. Bockmann has sold the home at 200 Jungle Road she shared with her husband, Bruce, for $7.2 million to a couple new to Palm Beach, according to a deed recorded Monday and other sources.

Carl H. and Marsha A. Hewitt of New York bought the six-bedroom French-style house, which was designed by Smith Architectural Group and built in 1995 for Elizabeth and John Schuler. The Schulers sold the 8,164-square-foot house to the Bockmanns for $7.777 million in 2007, according to Palm Beach County property records.

Standing five streets south of the Everglades Golf Course, the house had last been listed for sale at $7.9 million by real estate agent Ned Monell of the Palm Beach brokerage of Sotheby’s International Realty. Agent Carole Hogan of Brown Harris Stevens in Palm Beach represented the Hewitts.

The Bockmanns had put the house up for sale about a year ago but subsequently leased it for last season, Monell said. The property went back on the market in June.

“It’s the first time I’ve ever sold a house with the (storm) shutters still on,” said Monell, who also represented the Bockmanns when they purchased the house three years ago.

“I think to have energy at that price level,” he added, is a positive sign for the island’s recovering real estate climate.

Hogan echoed Monell’s optimism, noting that her office is seeing an influx of people looking for homes in Palm Beach.

“The high-end buyers who were missing for a couple of years are back,” Hogan said.

Longtime Wall Street attorney Carl H. Hewitt is co-founder of Hewitt Capital Corp. in Scarsdale, N.Y., and New York City. His wife, also an attorney, once served as U.S. general counsel to one of Germany’s largest banks.

The Hewitts, who own an apartment in Manhattan, are active with a variety of New York-based charities, including Marymount Manhattan College, where the Hewitt Gallery of Art is named for them. Maria Hewitt is an alumni of the college.

The Bockmanns own another home in Southampton, N.Y., according to property records there. Bruce R. Bockmann was co-founder and chairman of TechSpace Inc., which was acquired by Enfrastructure 2002. He spent much of his career as a global investment banker at Morgan Stanley.

The house on Jungle Road had an appraised “market value” for 2010 of $5.549 million, according to county tax records.

Source: Darrell Hofheinz, November 2, 2010, Palm Beach Daily News

http://www.palmbeachdailynews.com/business/bockmanns-sell-jungle-road-home-to-hewitts-for-1015043.html

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