The five-bedroom spec home in Royal Palm Yacht & Country Club was developed by SRD Building Corp. Photos provided
By Christine Davis
A new 8,300-square-foot residence at 500 E. Alexander Palm Road, Boca Raton, was sold to Arty Langhaus from the 500 East Alexander Palm Road Trust in a $25.75 million transaction. The sale was recorded in September.
Langhaus is the co-founder of Silicon Valley Bank’s private wealth advisory arm.
The five-bedroom spec home in Royal Palm Yacht & Country Club — fronting the Intracoastal Waterway and developed by SRD Building Corp. — was completed this year. Amenities include a club room, wine cellar and billiards room.
Steven M. Scott, an obstetrician/gynecologist and entrepreneur, owned the property.
Scott founded national health-care companies Vista HealthPlan and Phoenix Physicians. Records show that he bought the property for $5.8 million in 2017, and in June 2021 transferred it to the trust managed by attorney Jeffrey Baskies.
David Roberts of Royal Palm Properties represented both sides of the latest deal.
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Leland Ackerley, one of the owners of the second-largest independent distributor of semiconductors in the world, has new digs in Highland Beach and paid a handsome price for it: $8.25 million.
He acquired the 5,425-square-foot, five-story, four-bedroom townhome, built in 2018, on Oct. 22 from Stuart Siegel. Among the amenities are a private elevator and plunge pool.
Ackerley co-founded the Houston-based semiconductor distributor Smith & Associates in 1984.
Siegel, who was the owner and CEO of the National Hockey League’s Florida Panthers from 2008 to 2012, turned a nice profit on the sale. He had purchased the townhome for just $5.995 million two years ago.
Ackerley’s new residence, Unit 2 at 3621 S. Ocean Blvd., was sold by Catherine McGlennon of Engel & Völkers. Corcoran agent Suzanne Petrizzi represented the buyer.
Premier Estate Properties recently made the T3 Sixty Almanac Top Rankings. The company, with 42 agents, ranked No. 126 nationally of the Mega 1000 Brokerages, garnering 573 sales transactions, totaling $3.116 million.
Premier ranked No. 1 nationally for the highest sales volume per agent and No. 2 for the highest sales price.
The T3 Sixty Almanac, an independent, data-driven report, analyzes and quantifies the national rankings of top real estate companies annually.
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Joe Fagan is replacing Florida Peninsula Insurance’s vice president of underwriting, Michael Koscielny, who is retiring. Fagan spent 16 years in leadership roles with Travelers Insurance in Hartford, Connecticut, with his last six years as senior managing director of national underwriting.
Most recently, he served as underwriting governance leader with AIG Private Client Group/Lexington Insurance.
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The Old Inlet Bridge holiday ornament is available for sale.
The Boca Raton Historical Society and the Schmidt Boca Raton History Museum are now offering their annual commemorative holiday ornament, which highlights the Old Inlet Bridge. The first bridge over the Boca Raton Inlet was built in the late 1910s with a fixed span that ran south of the present bridge, which is at the inlet near The Boca Raton resort. In 1920, it was replaced with a wood one-lane “bascule bridge,” as ordered by the resort owner, Clarence Geist. In 1963, it was replaced with the current span.
This holiday collectible, based on the bascule bridge, was created by Boca Raton artist Barbara Montgomery O’Connell. It is the 21st of the holiday series.
All of O’Connell’s depictions for the ornaments over the years are based on information and photographs from the Boca Raton Historical Society. This ornament can be purchased for $22.50 at the museum’s gift shop, 71 N. Federal Highway, or at BocaHistory.org. Click on “museum store.”
Some of the previous ornaments are also available. The gift shop hours are 10 a.m. to 4 p.m. Wednesday through Friday. For more information, call 561-395-6766.
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The Palm Beach 2022 Solar Co-op selected Sprightful to install solar panels through a competitive bidding process over four other firms, because of its equipment, price, warranty offerings and experience. The co-op is free to join and open to new members until Jan. 17. Palm Beach County residents and businesses interested in joining the co-op can sign up at www.solarunitedneighbors.org/palmbeach.
Send business news to Christine Davis at cdavis9797@gmail.com.
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