A brand-new mansion at 301 Plantation Road in Palm Beach has landed a buyer at an asking price of $32 million, or $4,530 per square foot, even though the LLC that owns the house is tangled up in a foreclosure suit over a defaulted $22 million mortgage. The seven-bedroom estate, finished just this year, is one of the priciest deals to emerge from a busy week of luxury contracts across Palm Beach County.
According to The Real Deal, the entity that owns the property defaulted on the $22 million loan, prompting the lender to file a foreclosure suit in October. The seller is an LLC managed by investment banker Roberto de Guardiola, who bought the property for $9 million back in 2023 before building the new house on the site. It is not clear from available records whether the $32 million contract has closed, who the buyer is, or when a closing might occur.
Listing agent Margit Brandt of Premier Estate Properties, who is often ranked among the top two Palm Beach brokers by sales volume, holds the listing. The property is pending at $32 million.
A Freshly Built Estate With Resort-Style Amenities
The house itself spans roughly 7,000 square feet, per the same report, with seven bedrooms, eight full bathrooms and three half-baths. A separate listing on Trulia puts the square footage slightly higher, at 7,063 square feet, while also describing 11 total bathrooms when half-baths are included — a discrepancy the available listings do not resolve. Trulia's listing also describes a 54-foot double infinity-edge pool, a spa and a cabana rounding out the backyard.
Another Lost Tree Village Estate Also Finds a Buyer
301 Plantation Road wasn't the only standout contract that week. Another pricey deal came together at 11958 Turtle Beach Road, which went under contract asking $27 million, or $2,760 per square foot, the same report notes. That estate sits in Lost Tree Village in North Palm Beach and measures nearly 9,800 square feet on a half-acre lot, with about 150 feet of ocean frontage, five bedrooms and seven bathrooms. The 1981-built home is listed by David Reback of Reback Realty, and the seller is the trust of the late Susanne M. Fruehauf, who originally purchased the property for $60,000 back in 1977.
Lost Tree Village has produced other big sales recently. A home once belonging to businessman Dana Hamel sold for $27.5 million in August, per the same report, and Canadian baby products mogul Maurice Pinsonnault set a community record when he sold his Lost Tree Village mansion for $55 million in 2025.
A $200 Million-Plus Week for Palm Beach County Luxury Buyers
Palm Beach County buyers signed 21 luxury contracts between November 2 and November 8, according to data tracked by Douglas Elliman's Eklund Gomes team, which follows residential listings in the county priced above $3 million. Those contracts totaled $206.5 million in asking volume, keeping pace with the previous week's $202.7 million spread across 17 contracts, The Real Deal reports.
Of that week's deals, 16 were for single-family homes, with combined asking volume of $174.8 million, averaging $10.9 million per house, $1,884 per square foot and 244 days on the market. The remaining five contracts covered condo units, totaling $31.8 million in asking volume and averaging $6.4 million each, $2,421 per square foot and just 32 days on the market, according to The Real Deal.
Plantation Road Has Seen Big Money Before
301 Plantation Road isn't the only address on that street to generate headlines this year. MacClaren and Rochelle Cummings sold their former house at 225 Plantation Road to Valerie and Jeff Wilpon, with a deed recorded on July 6 and a reported sale price of $15.33 million, according to the Argus Leader. The same couple also paid a recorded $25 million that July for a renovated 1950-built house on Emerald Lane, a property that had last sold for $15.5 million back in February 2022.
