Next-door neighbor buys Palm Beach house on inlet for $11 million: deed

A Fifties-era home going through the inlet on the northern tip of Palm Seashore has bought privately to its next-door neighbor for a recorded $11.5 million, in response to the deed recorded Wednesday. 

Businessman Walter D. Wick purchased the Bermuda-style, four-bedroom home at 179 E. Inlet Drive. Wick and his entrepreneur spouse, Lisa A. Hedley, reside in a customized house instantly to the east at 173 E. Inlet Drive. Hedley owns that home in her identify, property information present. 

The home at No. 179 was bought by Gregory G. Gold and Cynthia A. Feuss, who served as successor trustees of a revocable belief within the identify of the late retired businesswoman Diane L. Galdi. Galdi paid $1.56 million for the home in 2000, courthouse information present. 

The home stands on an irregularly formed lot measuring about three-tenths of an acre. The property is adjoining to the general public pavilion and dock on the finish of North Ocean Boulevard. From North Ocean Bouelvard, East Inlet Drive makes a loop to the seaside and again.

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The home that simply bought was inbuilt 1959 and has 4,929 sq. toes of residing house, inside and outside, property information present.  

A earlier gross sales itemizing from 2005 describes “panoramic waterfront views” from the lounge, eating room, library and coated loggia going through the pool, which measures 16 toes by 37 toes. Inside particulars embrace stained glass, mahogany finishes and a fire within the library. 

Subsequent door, Hedley purchased the property at No. 173 for $2.85 million in 2012, courthouse information present. The home there was accomplished in 2014 with 4 bedrooms and 4,591 complete sq. toes, in response to constructing information. The lot is equally sized to the one at No. 179.

Hedley has the home homesteaded within the newest Palm Seashore County tax rolls.

On the vendor’s facet, the deed exhibits Gregory Galdi with an deal with in Roslyn Harbor, New York, and Feuss with an deal with in Washington, New Jersey.

The events concerned within the sale couldn’t be instantly reached Wednesday. It was unclear if any actual property brokers had been concerned within the sale. 

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This can be a creating story. Verify again for any updates. 

dhofheinz@pbdailynews.com

@PBDN_hofheinz

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