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Phipps Estates home sells within a month

Posted On: 05-29-2014

By Darrell Hofheinz Daily News Staff Writer

It’s not just the weather that’s gotten hotter. As the island’s real estate market has heated up, it’s again offering chances for homeowners to trade up. That’s provided, of course, they’re poised to strike — and strike hard — when the right property enters what remains an extremely competitive market.

Take the case of North Enders Windle B. and Susan Priem, who have bought a larger home a bit closer to town.

The three-bedroom house at 238 Via Las Brisas in the Phipps Estates enclave was under contract within a month — but only after it sparked a bidding war among would-be buyers, said Dana Koch, who had co-listed it with his mother, Paulette Koch, both of the Corcoran Group.

The Priems closed their purchase at $5.62 million, according to the price recorded May 20 with the deed by the Palm Beach County Clerk’s office. Built in 1999, the house entered the market at the tail end of February for just under $6 million.

Corcoran agent Suzanne Frisbie acted on the Priems’ behalf but offered no additional details.

Meanwhile, the Priems are offering for sale a 1951 house they homesteaded after buying it a little more than a year ago, about 1½ miles to the north at 292 Orange Grove Road. Frisbie has listed the four-bedroom, 4,406-square-foot house for them at $2.995 million – about $820,000 more than what they paid for it in April 2013. It had been substantially updated before the Priems bought it from Charles C. Poole Jr. and former Planning and Zoning Commissioner Bruce Langmaid, who were represented by broker Christian Angle of Christian Angle Real Estate.

The 5,889-square-foot house on Via Las Brisas was the longtime home of the late Lita E. Fromstein and her late husband, Mitchell. It was sold by two trusts in their names, according to the deed; their two children, Jane F. Henley and John L. Fromstein, acted as trustees and individually in the sale, along with a Milwaukee attorney.

Lita Fromstein died at age 87 in January, a little more than two months after the death of her husband at 85. The Fromstein family has longtime ties to Milwaukee, where businessman Mitchell Fromstein headed the temporary-worker company Manpower and grew it into an industry powerhouse.

Windle Priem retired from the executive-recruiting firm Korn/Ferry International. Priem also serves as a co-trustee for a trust that owns an Everglades Island house homesteaded by his sister, Dawn Burkhead, and her husband, Gary, property records show.

With just 21 homes, Phipps Estates has become a popular destination for real estate agents and their clients. In January, the house next door to the former Fromstein property changed hands: Listed by Angle, Norma and Bill Tiefel’s five-bedroom home at 236 Via Las Brisas sold for $6.55 million to A. Edward and Marguerite Allinson, represented by Cristina Condon of Sotheby’s International Realty.

 

Source: Darrell Hofheinz, May 29, 2014, Palm Beach Daily News

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