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Longtime Ramsing house goes for $5.5M

Posted On: 12-05-2014

By Darrell Hofheinz Daily News Staff Writer

The estate of the late horse-breeder Annette Reynolds Ramsing has sold her longtime North End home at 232 Emerald Lane to Palm Beachers Donna R. and Charles G. “Chuck” Ward.

The property changed hands for $5.5 million, according to the courthouse records. Brown Harris Stevens agents Johanna S. Kendall and Anne H. Hamilton had co-listed it in July at $6.5 million. Broker Linda Olsson of Linda R. Olsson Inc. Realtor represented the Wards.

Built in 1947, the six-bedroom house was the longtime home of Ramsing, who died in August at 93, and her late husband, banker and developer Byron L. Ramsing Sr. They were married 58 years before his death in 2002.

With nearly 14,000 total square feet, the house stands on an oversize lot measuring seven-tenths of an acre, a little more than a half-mile north of Royal Poinciana Way. The property had at one time been part of a larger estate extending two lots to the east and south to Coral Way.

Olsson said her clients were drawn to the property for several reasons.

“They wanted a big yard, and they wanted to be close to town,” she said. “This property has 165 feet of frontage. The average up there is generally 100 feet.

”Her clients hope to keep at least the front exterior of the house intact when they carry out a major renovation, Olsson said.

Emerald Lane is a prime street, she added. “It’s close to town, there’s (on-street) parking, and it’s so quiet,” she said. “You can’t beat it.

”The Wards have owned another North End home on Atlantic Avenue since 2002, property records show. Charles Ward is a partner at Perella Weinberg Partners, an international asset advisory and management firm with offices in several cities, including New York City.

The Ramsings once owned a Wyoming ranch where they raised Norwegian Fjord horses. Among his development projects, Byron Ramsing co-owned and was instrumental in the development of Old Port Village, which later became Lost Tree Village, the affluent community near North Palm Beach.

The deed for the Emerald Lane house recorded Nov. 10.

 

Source: Darrell Hofheinz, December 5, 2014, Palm Beach Daily News
 

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