New York venture capital player Andrew K. Boszhardt Jr. has snapped up a North End Palm Beach mansion for $21 million, trading one pricey island address for another in what looks like a strategic shuffle of his local real estate deck.
About the house
The property is a French Provincial style estate on a well landscaped 0.45 acre lot, with about 5,988 square feet of living space, four bedrooms and six bathrooms. Built in 2006, it comes with the expected high end perks: a pool, an elevator and a formal library.
The house was marketed through the spring after sitting on the market for months, and it finally closed this week at $21 million. According to Douglas Elliman, the listing now shows the property as sold for $21,000,000.
Buyer and local moves
Per Great Oaks Venture Capital, Boszhardt is the founder and managing partner of the firm. He and his wife, Victoria Yeager, had just unloaded a nearby Coral Lane house for a recorded $15.9 million, a deal reported by the Palm Beach Daily News via AOL.
With one North End property sold and another acquired in short order, the couple appears to be reshuffling and consolidating their stake on the island rather than scaling back.
Listing and seller
County listings show the Wells Road house was originally floated at significantly higher price points, at times north of $26 million, before price reductions in the spring brought it down to the eventual sale figure.
Previous reporting identified the seller as Pierre Beland, a retired media executive from Montreal, and named Paula Wittmann and Michelle Noga of William Raveis South Florida as the listing agents. As reported by the South Florida Business Journal and in the listing on Coldwell Banker, the sale formally wrapped up this week.
