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Newer house on North End of Palm Beach fetches $7.8 million

Posted On: 10-05-2017

Sold for a recorded $7.81 million, a British Colonial-style house at 200 Eden Road in Palm Beach has fetched $1.65 million more than when it sold new more than three years ago.

Dr. John R. Johnson and his wife, Ingrid K. Johnson, sold their four-bedroom house to Laura Pozvolska and Brent Nicklas, a marrried couple with ties to New York City, according to the deed recorded today by the Palm Beach County Clerk’s office.

Ingrid Johnson bought the house in May 2014 shortly after it was developed on speculation by Act II Properties LLC and built by the Shapiro Pertnoy Cos. of West Palm Beach. It was one of the few new houses on the market at the time and was developed during the real estate slowdown brought on by the Great Recession.

Designed by Palm Beach architect Pat Segraves of SKA Architect + Planner, the house has 7,276 total square feet of living space. It stands on an oversized corner lot at North Ocean Boulevard — five streets north of the Palm Beach Country Club — and is one house west of the beach. Among its selling point, the property has a rear service road and deeded beach access.

Agent Carole Hogan of Brown Harris Stevens acted on behalf of the sellers in the sale, just as she had when they bought the property three years ago. She listed the house for sale at $8.75 million in March and put it under contract at the tail end of August, according to records in the Palm Beach Board of Realtors Multiple Listing Service.

Acting for the buyers was agent Guy Buzzelli of Scott Gordon Realty Associates.

Brent Nicklas is the managing partner of Lexington Partners, a private equity firm in New York City. His wife is an interior designer.

Among its amenities, the two-story house with an elevator has a layout that includes a living room with a fireplace, a library, a formal dining room, a three-car garage and outdoor loggias with a summer kitchen, according to Hogan’s listing. Finishes include custom millwork and dark wood floors.

Ingrid Johnson and her husband, a spinal surgeon, have longtime ties to Louisville, Ky., although they had visited Palm Beach for a decade before buying the house, she told the Daily News in 2014. The Johnsons were motivated to buy the home after seeing the fierce competition generated by what was then an extremely limited supply of new houses on the island.

“The market was starting to close up on us,” she said at the time. “The walls weren’t even up yet. But we saw the plans and really liked what we saw.”

She added: “It’s a very well-finished house. There was not a detail that was missed.”

The company that developed the house was founded by longtime Palm Beacher Barbara Kay and her daughter, Susan Shulman, who is married to builder Ron Pertnoy of the Shapiro Pertnoy Cos. The house was Act II Properties’ first spec project. The same team later developed another North End house at 253 Jamaica Lane. That four-bedroom, 5,404-square-foot home sold in April for a recorded $5.4 million. Listing broker Christian Angle of Christian Angle acted opposite agent Ashley Copeland of Brown Harris Stevens in that deal.

Angle was also the listing agent when the house on Eden Road sold three years ago.




Source: Darrell Hofheinz, October 5, 2017, Palm Beach Daily News

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