Skip to main content

New $70 million estate now priciest property listing in Palm Beach

In addition to turkey and stuffing, some house-hunting is likely to be on at least a few plates this Thanksgiving week in Palm Beach.

And property shoppers with the deepest pockets — such as hedge-fund and tech billionaires — are encountering a bit of a shake-up in the houses being marketed in the island’s multiple listing service.

Most notably, the $115 million listing for Il Palmetto, Netscape billionaire Jim Clark’s landmarked estate at 1500 S. Ocean Blvd., has dropped out of the Palm Beach Board of Realtors MLS. Listing agent Cristina Condon of Sotheby’s International Realty said she was still authorized to show the estate to qualified buyers but wouldn’t discuss why the listing had expired in MLS.

Read More …

The post New $70 million estate now priciest property listing in Palm Beach appeared first on Note Investing Seminars.

Comments

Popular posts from this blog

What Is a Promissory Note? What Are They Used for?

A promissory note is a written contract between parties-a borrower and a lender– signed by the borrower. It contains an unconditional promise to pay a certain amount of money on demand, or in installment payments over a period of time. It is used in a financing transaction – a lending transaction. The individual who promises to pay is the maker (borrower), and the person to whom payment is promised is called the payee or holder (lender). The loan transaction can be secured or unsecured. A secured loan has specified property pledged to cover the repayment if the borrower defaults on making the payments. Another form of collateral security is a co-signor. A co-signor, or a guarantor, is a person who agreements in writing to repay the debt if the borrower defaults. This means that the holder (lender) protects his financial interest by using the maker's collateral security or the maker's co-signer. If the maker fails to pay according to the agreement, the holder can foreclose on...

Promissory Note Frauds and Tricks

I have been actively engaged in the promissory note business for over 40 years. My and my wife’s self-directed IRA accounts have been invested in notes for the same length of time. My note investments have been the foundation of my estate building. Because I believe that promissory notes can be an excellent investment vehicle for the average investor, I try will try explain what they are and how they work. But, I will also point out that notes can be misused and abused by dishonest people and by ignorant people. This article is the first of several articles in which I will attempt to inform the average investor about the benefits and warn the average investor about the detriments of investing in notes. Obviously, there is no perfect investment. Just as cars do not injure and kill people (bad drivers do), promissory notes do not trick and harm people (dishonest or ignorant sellers of promissory notes do). What Promissory Notes Are: Generally, promissory notes are a form of debt simil...

5 Steps to Becoming a Master Investor

Diversify – Diversification is a powerful investment tool that helps you reduce the risk of holding aggressive investments. Diversifying simply means that you should hold a variety of investments that do not move in tandem in various market environments (for instance bull and bear markets). You do not need 50 different funds in order to diversify. You can diversify with five, at the most 10, mutual funds or ETFs. Keep fees to a minimum – For both mutual funds and exchange traded funds you can look at the 'total expense ratio. "The best case is an expense ratio less than 1%, and certainly no higher than 2%. have to watch out for "sales load". Be aware of your time frame – Match your time frame to the investment. For example, for money that you expect to use within the next year, focus on low-risk investments such as money market funds, certificates of deposit or US government bonds. Ignore the "gurus" – Pay no attention to the fortune-tellers and pro...