June 17, 2024


The ideal Automotive

Auto Dealer George Albrecht pays $19M for a Palm Beach House

A photo illustration of 9 Via Los Incas in Palm Beach (Zillow, iStock)

A photograph illustration of 9 By means of Los Incas in Palm Beach front (Zillow, iStock)

An automobile dealership magnate has a new put to park following buying a Palm Seaside house from an inside designer for $19 million.

Assets documents demonstrate George T. Albrecht purchased the home at 9 By means of Los Incas from Angela Giguere Kumble.

Angela Giguere-Kumble (AMG Interior Designs)

Angela Giguere-Kumble (AMG Interior Types)

Albrecht is chairman of Woburn, Massachusetts-based Albrecht Vehicle Team, in accordance to his LinkedIn. The organization has nine dealerships around Boston, with brand names that involve Toyota, Infiniti and Nissan, its web-site displays.

Kumble has labored on inside layout for luxurious attributes in South Florida and New York Metropolis, according to her web page. Her company, AMG, is based in New York Town. Her portfolio incorporates estates, townhomes, apartments and commercial area, her site shows.

Paulette and Dana Koch with Corcoran had the listing, and Dana Landry with Dana Edward Landry represented the buyer, in accordance to Real estate agent.com.

Built in 1980, the 5,088-square-foot dwelling arrives with five bedrooms, five bathrooms, a person-fifty percent lavatory, and a two-automobile garage, according to Real estate agent.com. It very last offered in 2010 for $5.6 million, data demonstrate. A few houses individual the residence from the ocean.

Paulette Koch mentioned Kumble had intestine-renovated the house just after getting it. “It’s a genuinely wonderful household,” Koch claimed. “It has all these things men and women seriously glance for.”

It’s the 2nd time this month that an auto dealership tycoon acquired home in Palm Beach front. Previous week, Terry R. Taylor, who leads West Palm Beach-primarily based Automotive Management Solutions, paid out $7.5 million for a intestine-renovated oceanfront rental.

It is also the most up-to-date in a seemingly endless string of large-priced revenue in Palm Beach front. Before this thirty day period, Ivana Trump’s previous, recently renovated mansion offered for $72.9 million. It altered fingers from German fashion designer Tomas Maier and his partner to a Delaware LLC.

Billionaire David “Duke” K. Reyes and his wife, Pamela A. Perri Reyes, also sold their Palm Seaside residence this month for $21 million to a have faith in led by an legal professional with Gunster. The real purchaser is unidentified.