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Midtown house brings $9.77 million; deal related to condo sale

Posted On: 07-30-2016

By Darrell Hofheinz

Daily News Real Estate Writer

Sir Geoffrey and Lady Sylvia Leigh have had a busy week, at least as far as Palm Beach real estate goes. They sold their Midtown house and bought a lakefront condo via two deeds recorded today.

The Leighs sold their five-bedroom house at 219 Clarke Ave. to a land trust for a recorded $9.77 million, according to the deed recorded by the Palm Beach County Clerk’s office.

Their new home is a lakefront condominium, No. 302 at the Parc Regent on Bradley Place, which they bought for a recorded $4.184 million. That unit had been under contract since June 3, listed for sale at just under $5 million, a search of the Palm Beach Board of Realtors Multiple Listing Service shows.

The SLE-PB Land Trust bought the Clarke Avenue house, which was built in 1997 and has 8,152 square feet of living space, inside and out, according to property records. The trust’s trustee is attorney R. Bradford Malt, a partner with the Boston office of the Ropes & Gray law firm. Agent Gary Pohrer, who represented the buyer’s side of the transaction, recently joined Douglas Elliman, having been previously affiliated with K2 Realty.

Broker Lawrence Moens of Lawrence A. Moens Associates had listed the house in November 2014, first at $13.9 million and more recently at $12.8 million. His listing described the house as “a stately Palm Beach residence” and noted its “nicely proportionate common rooms of proper scale … in beautiful condition.”

The mid-block house stands on a lot measuring a little less than a half-acre on a prime Midtown street four blocks north of Royal Palm Way.

The Leighs paid $7.9 million for the house in 2006, according to courthouse records. Geoffrey Leigh is the former chairman and managing director of Allied London Properties PLC, a real estate development company.

Condo deal

In the Parc Regent at 184 Bradley Place, the Leighs bought a three-bedroom apartment that had been on the market since December. It was listed by agent Wally Turner of Sotheby’s International Realty for sellers Gabriela and David L. Porges of Pittsburgh. Moens acted on behalf of the Leighs in the deal.

The Porgeses had paid $3.1 million for the unit in April 2012. With 3,426 total square feet, it is accessed by an elevator with private-key access. The living room and master bedroom have terraces and views of the Lake Worth Lagoon.

In a Palm Beach Daily News article earlier this year, Gabriela Porges said the condominium was in “great shape” when the couple bought it. “All we had to do was give it a face-lift with paint,” she said.

David L. Porges is chairman and CEO of Pittsburgh-based EQT, a natural-gas producer with operations in six states, according to its website.

Immediately north of the Palm Beach Biltmore, the five-floor Parc Regent was built in 1987, but the so-called “boutique” building underwent a recent renovation. Last month, a double apartment there made headlines when it traded for $8.95 million. That private deal saw a limited liability company managed by Egyptian businessman Fakhry Abdelnour sell apartment No. 101 to James and Nancy Grosfeld.

Malt, Moens, the Leighs and the Porgeses could not be reached, and Pohrer declined to comment.

Turner also declined to discuss specifics about the condo sale. But he did say the Porgeses bought another home in Palm Beach last year in a deal handled on both sides by Sotheby’s International Realty. Turner declined to identify the property, and the deed was not recorded in the couple’s names, according to a records search.

 

 

 

Source: Darrell Hofheinz, July 30, 2016, Palm Beach Daily News

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