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Home of late Flo Ourisman sells for $6.2 million in Phipps Estates

Posted On: 07-03-2017

The Phipps Estates house owned for seven years by the late businessman Florenz “Flo” R. Ourisman was sold last week by his estate for a recorded $6.185 million.

The deed recorded Friday for 209 Via Tortuga lists the buyer as Kathryn M. Peters, who owns no other property in Palm Beach County under her name, courthouse records show.

Ourisman bought the one-story, four-bedroom house in 2007 and shared it with his wife, Nan Thompson Ourisman, until his death in October 2015.

Sotheby’s International Realty handled both sides of the transaction. Agent Kim Raich listed the property for sale at the tail end of October, originally at $8.1 million with a later price drop to $7.5 million, according to the Palm Beach Board of Realtors Multiple Listing Service .

Agent Carole Ruhlman handled the buyer’s side of the deal. She also had represented Flo Ourisman when he bought the house, with agent Cristina Condon handling the seller’s side of that transaction.

The house stands on a half-acre lot in Phipps Estates, Palm Beach’s only designated planned single-family development, about a quarter-mile north of Wells Road. With 5,891 square feet of living space, inside and out, the house was built in 1998.

Raised in Washington, D.C., Flo Ourisman initially worked at Ourisman Chevrolet, the family business. In 1971, he founded his own commercial real estate firm and developed properties in Washington and other parts of the East Coast. In 1992, he moved to Palm Beach, where his brother, Mandell “Mandy” Ourisman and sister-in-law, former Ambassador Mary Ourisman, also have a home.

The Phipps Estate house was sold by Beth Ourisman Glassman and Margaret “Peggy” Ourisman Goldman, acting as personal representatives of their father’s estate.

Via Tortuga is the northernmost of the two streets in development, which comprises 19 acres that were once part of the Phipps family’s historic estate on the North End. It was developed in the 1990s by Dan Swanson of Addison Development Group on land previously owned by Susan Phipps Cochran and Robert Eigelberger, who still have a sizable estate in the center of the neighborhood.

The development’s main entrance is off North County Road, with gated entrances also accessing North Lake Way. The neighborhood has a residents’ association and offers homeowners concierge services via an on-site staff.



Source: Darrell Hofheinz, July 3, 2017, Palm Beach Daily News

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