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North End house sells for $10.48 million

Posted On: 05-07-2015

By Darrell Hofheinz Daily News Real Estate Writer

Textile executive Loic de Kertanguy and his wife, Rebecca, have sold their home at 260 Kawama Lane for a $10.48 million — about $1.76 million more than they paid for it in November 2013. The price in the off-the-market deal was recorded with the deed Tuesday by the Palm Beach County Clerk’s Office.

The couple sold the six-bedroom house to Tiger Rose LLC, a Florida limited liability company with a mailing address in care of attorney Maura Ziska’s West Palm Beach firm.

The Dutch Colonial-style house stands on a half-acre parcel two lots east of North Lake Way and four streets north of Wells Road. Built in 2003, the house has about 8,300 square feet of living space, inside and out. Its amenities include an apartment above the three-car garage, a fireplace and an upscale kitchen, according to a previous sales listing.

Brown Harris Stevens handled both sides of the sale, said broker Ava Van de Water. Agent Polly Wulsin represented the sellers, just as she did in 2013 when they bought the property. Agent Liza Pulitzer represented the buyer. Van de Water declined to comment further.

State business records show Tiger Rose LLC was registered with the state in early February. No other property in Palm Beach County is owned by the company, records show.

Loic de Kertanguy became chairman in 1999 of the venerable New York fabric house JB Martin Co., a leading manufacturer of velvets and other woven materials for the apparel, industrial, theatrical and home-furnishings industries. Prior to that position, he served as chairman of the company’s U.S. and Canadian divisions, overseeing operations in those countries.

The de Kertanguys own no other property in the county under their names. They have an apartment on Fifth Avenue in New York City, Monday’s deed shows.

The house was developed by Richard True and his late wife, Karen, a real estate agent with the Corcoran Group at the time of her death in 2011. The Trues built a number of high-end homes for resale in the county. He also is a Corcoran Group agent.

Financier Donald C. Marron sold the de Kertanguys the house for a recorded $8.725 million in 2013; he was represented at the time by agent Cristina Condon of Sotheby’s International Realty. Marron had owned the property since 2007, records show.

 

Source: Darrell Hofheinz, May 7, 2015, Palm Beach Daily News

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