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British entrepreneur pays $8.75 million for Palm Beach oceanside house

Posted On: 10-25-2017

Retired securities executive Robert “Bob” J. Dwyer and his wife, Connie, have sold their renovated oceanside house in Palm Beach’s Estate Section for a recorded $8.75 million after having it on and off the market for the past couple of years.

Online real estate entrepreneur Alex Chesterman of London bought the Monterey Colonial-style house at 880 S. Ocean Blvd., according to the deed recorded Tuesday. Chesterman founded Zoopla.co.uk, a real estate website that serves Great Britain.

The house — with five bedrooms and 6,843 square feet of living space, inside and out — was built in 1951, property records show. With its front door facing Via Vizcaya, the house has a beachfront parcel with a covered patio directly across the coastal road.

The Dwyers paid about $3.6 million for the property in 2001. On a lot measuring nearly a half-acre, the house is the second one north of the point where South Ocean Boulevard meets the South County Road. It’s just outside of the area where the coastal road is closed as part of security measures to accommodate visits by President Donald Trump to Mar-a-Lago, his winter White House.

The Dwyers’ home was well-suited to visits by the sellers’ three daughters and multiple grandchildren, Connie Dwyer told the Daily News in 2015. “Our house is all about family. It’s a casual, comfy kind of place. The loggia is a great TV family room for the kids, and we have the beautiful living room for the adults,” she said. “We did put a new kitchen in, and we’ve enjoyed that. It’s a good size and overlooks the pool. I love to cook, especially when the kids are all here. It’s a joy for me to just watch them having fun in the pool.”

In the article, the Dwyers mentioned their homes in New York and Martha’s Vineyard in Massachusetts. But Palm Beach was their primary residence.

Agent Jim McCann of the Corcoran Group acted for the Dwyers in the deal. He last had the house listed at $10.8 million, down from $11.9 million when he first listed it in early 2015. It also had been on the market in 2009.

McCann’s Corcoran colleague Dana Koch confirmed that he and his mother, Corcoran agent Paulette Koch, handled the buyer’s end of the sale.

The deed lists Chesterman as a married man. This is his first property purchase in Palm Beach, according to courthouse records.

Bob Dwyer retired from the securities industry in 1999 as executive vice president and national sales director of Morgan Stanley Dean Witter.

The house’s exterior features hanging balconies and shutters, typical of the Monterey style. The layout includes a living room that opens to a loggia accessing the backyard and a heated swimming pool.

Among their renovations, the Dwyers merged the original kitchen and laundry area into one bigger room and installed French doors leading to the pool area. Other interior details include floors covered in parquet, white marble and hardwood.

 

 

 

Source: Darrell Hofheinz, October 25, 2017, Palm Beach Daily News

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