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Palm Beach house on a hill sells for about $7 million

Posted On: 04-30-2018

The longtime home of the late Sarah S. Murphy, who lived in Palm Beach for 45 years, has sold for just under $7 million, according to a deed recorded late last week.

A Florida limited liability company managed by investment manager Brian C. Pfeifler was the buyer of the house at 325 Ridgeview Drive, the deed shows. That company is named Cabin at Shooting Star LLC and its mailing address is listed on the deed as One North Clematis Street, the office building that houses Florida Crystals, headquarters of the Fanjul family’s sugar empire. Pfeifler is married Emilia Helena Fanjul, the daughter of J. Pepe Fanjul of Palm Beach, courthouse records show.

Agent Crista Fanjul Ryan of Tina Fanjul Associates Inc. handled the buyer’s side of the sale, according to the updated sales listing in the Palm Beach Board of Realtors Multiple Listing Service.

The house on Ridgeview Drive has nine bedrooms and 10,181 square feet of living space, inside and out. It stands on a lot measuring a little less than a half-acre. Just south of the Palm Beach Country Club, the house is on a hillside street at the intersection of Hi-Mount Road. The neighborhood has the highest elevation in Palm Beach.

The property was co-listed for sale in December 2016 by Corcoran Group agents Paulette Koch and Dana Koch, MLS records show. The initial asking price was $8.995 million, a price later dropped by $1 million. Dana Koch declined to discuss the transaction.

The Corcoran sales listing mentioned the house as “perfect for entertaining” with “grand-scale rooms and extraordinary indoor/outdoor spaces.”

The deed shows Murphy’s daughter, Christina Murphy Pisa, acted individually and as trustee of her mother’s revocable trust, which sold the house. Sarah Murphy died in September 2016. She was the widow of Norman Murphy, her husband of 52 years, who died in December 2014. He was the founder of a real estate development and investment company. The couple lived in the house for more than four decades.

The house was designed by the architectural firm of Gustav Maass and John L. Volk and completed in 1930.

 

 

 

Source: Darrell Hofheinz, April 30, 2018, Palm Beach Daily News

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Zimmerman Douglas Elliman

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