Peter Wood—an English businessman and associate of UK-based luxury home-building firm Royalton Group—has unloaded a whopping $42.9 million for billionaire Jon Stryker’s 2.6-acre Palm Beach estate.
The colossal deal included the transfer of Jimmy Buffett’s former house at 540 South Ocean Boulevard, purchased by Stryker in 2010 for $18.5 million.
On top of the former Buffett residence, the exchange involved the sale of 530 South Ocean Boulevard, a half-acre vacant lot—as well as a landmarked house at 61 Middle Road, a Spanish-style home designed by Marlon Sims Wyeth, built in the 1920s.
The magnificent trio of properties are not restricted by a “unity of title,” making it easier for them to be re-sold separately in the future. According to property records, the mammoth transaction signifies the priciest simultaneous sale of neighboring properties in the Estate Section.