fbpx

Hedge Fund Magnate Larry Robbins Acquires Luxurious Mansion in Palm Beach Gardens

Hedge fund titan Larry Robbins adds another jewel to his real estate portfolio, acquiring a stunning mansion nestled within Palm Beach Gardens’ prestigious Old Palm Golf Club for a cool $13.9 million. The property, located at 11759 Elina Court, exchanged hands from John and Margaret Hague to Robbins’ Elina PBG Holdings LLC, marking a significant transaction in the luxury real estate market.

Represented by Vince Marotta of Illustrated Properties, both parties remained tight-lipped about the deal, leaving the property to speak for itself. Boasting an impressive 12,400 square feet on 0.8 acres, this meticulously designed mansion features eight bedrooms, seven bathrooms, and one half-bathroom, complemented by lavish amenities including a pool, gym, theater, club room, and even a two-bedroom guest house with a kitchenette.

Robbins, the mastermind behind Glenview Capital Management, boasts a personal net worth of $1.9 billion, according to Forbes. This acquisition comes amidst his listing of a $55 million Upper East Side penthouse in New York earlier this year, as reported by the Wall Street Journal.

The Old Palm Golf Club, known for its exclusivity and allure, continues to attract high-profile buyers like Robbins. From financiers to CEOs, the allure of Palm Beach Gardens’ luxury gated communities remains unparalleled. With notable residents like Robert Johnson and Ben Carson, it’s no wonder this enclave is synonymous with opulent living.

As Palm Beach Gardens maintains its status as a haven for the elite, Robbins’ latest acquisition underscores the enduring appeal of luxury real estate in this coveted locale.

Property Deals

South Beach NNN Leaseback Investment Hospital 538 Meridian Ave Miami Beach, FL 33139

Contract Details Term: 5 years remaining Annual Increase: 3.5% Extensions: Not applicable Guarantor: CVC Corp, one of Latin America's largest travel groups, operating in...

SUNNY GROVE APARTMENTS 1440 SW 42nd Ave Miami, FL 33134

Fausto Commercial Realty is proud to present the Sunny Grove Apartments, located at 1440 SW 42nd Avenue, Coral Gables, FL. This premier multifamily property...

Flagler Street Retail Center 4735 W Flagler St Coral Gables, FL 33134

Investment Highlights: Prime Redevelopment Potential: Positioned under the Live Local Act, the property at 4731-4747 W Flagler Street offers an ideal redevelopment opportunity in...

More Posts