A private-equity chief has quietly sealed the deal on a newly completed Admirals Cove mansion in Jupiter for roughly $22.3 million, turning a just-built lakeside spread into one of the neighborhood’s latest trophy properties. The 2025-built home comes loaded with high-end extras, including its own hair salon and a dedicated wellness suite.
Public records and listing pages show the property at 126 Spinnaker Lane closed on June 17, 2026, for $22,262,625, according to Realtor.com. The listing notes that the buyer’s side of the deal was handled by Illustrated Properties.
Inside 126 Spinnaker Lane
The house clocks in at about 9,971 square feet and is laid out with five bedrooms, multiple kitchens and a five-car garage. The listing from Compass highlights a ground-floor primary suite, a clubroom and an executive office, along with some decidedly luxe in-house perks: a private hair salon and a “white-aspen” wellness gym.
The buyer was identified as the founder of North River Capital, and coverage of the sale included photos and a rundown of the home’s standout amenities, according to South Florida Business Journal.
Price Cuts Before the Close
The property first hit the market this year with an asking price north of $33 million, then took a series of price trims before landing at roughly $22.26 million. The springtime reductions are detailed in the listing’s price history, per Realtor.com.
What Admirals Cove Offers
Admirals Cove is a guard-gated golf and yacht community that requires club membership and offers multiple clubhouses, a marina, restaurants, and tennis and fitness facilities. The property sits on about 0.71 acres within the enclave and carries monthly HOA charges tied to club access, according to Compass.
The deal is one of several high-end waterfront transactions to close in Palm Beach County this spring, including other private-equity executives buying into the Jupiter area, as reported by South Florida Business Journal. Together, the sales point to ongoing demand for turn-key, amenity-heavy homes inside secured communities, even as sellers test and adjust list prices.
