Florida Bermuda-Style House Sold For $13M

March 18, 2024 | 0 Comments

A luxury house described as ‘Bermuda-style’ in Palm Beach, owned by the executive chairman of Ross Dress for Less’ parent company, has been sold for $13.075 million.

An Aol report said, “The executive chairman of the parent company of retailer Ross Dress for Less has sold — for a recorded $13.075 million — the North End house his ownership company bought new for $6.56 million in July 2020.

“The latest sale price for the ocean-block house at 154 Atlantic Ave. is almost double the documented price for the previous sale, which closed a few months after the coronavirus pandemic arrived in Palm Beach. The $6.515 million price difference likely reflects the real estate boom and escalating property values that accompanied the first years of the health crisis.

Palm Beach Bermuda-Style House 13M March 2024_1

“Built on speculation and completed in early 2020, the Bermuda-style house has four bedrooms and 4,683 square feet of living space, inside and out. It stands on a lot of a little less than a quarter-acre, a few blocks north of the Royal Poinciana Way commercial district.

“Michael Perry of MP Design & Architecture in Palm Beach designed the house, which has a front entry topped by scalloped parapet at the roofline and a balcony above the porch. The color scheme also is typically Bermudian, with a white facade, a white-tile roof and light blue-green shutters.

“The layout includes a foyer and stair hall, a great room, a study and a two-car garage. The kitchen is open to the family room. There’s a first-floor master suite, and upstairs are a loft and three guest suites. French doors in some of the downstairs rooms lead to the backyard, which features an arbor as well as a pool with a sun shelf and whirlpool spa.

You can read the full article here.

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