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Bought in July, Everglades Island house back on market

Posted On: 09-10-2015

By Darrell Hofheinz Daily News Staff Writer

Former Town Council president Denis P. Coleman and his wife, Annabelle, are selling the Everglades Island house they bought this summer for $6.5 million at 608 Island Drive.

They took possession of it in July in a deal that coincided with the $19 million sale of their longtime — and much larger — custom home down the street at 662 Island Drive to retired private-equity honcho Jeffrey C. Walker.

They bought the smaller house with the intention to downsize, likely by razing and replacing it. But their plans have changed and they’re shopping for something else.

The Colemans bought the house from estate of the late jewelry designer Judy M. Grubman. Built in 1962, it has four bedrooms, 5,772 total square feet and stands immediately south of the Island Road bridge to Everglades Island. The lot measures about a half-acre with east views of the Lake Worth Lagoon and Palm Beach.

The Colemans’ real estate broker, Christian J. Angle of Christian Angle Real Estate, represented both sides when they bought the house. Angle has upped the price from its previous $7.375 million to just under $7.9 million, according to the Palm Beach Board of Realtors Multiple Listing Service. His listing bills the property as a “possible redevelopment opportunity.”

Corcoran Group agent Suzanne Frisbie, by the way, acted on behalf of Walker when he bought No. 662. Angle had the listing.

 

 

Source: Darrell Hofheinz, September 10, 2015, Palm Beach Daily News

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Zimmerman Douglas Elliman

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