A family from Brazil has sold two adjacent homes in Palm Beach for a combined $25 million in an off-market transaction. The sellers, Thais and Deyse Racy, operated through Florida-based entities Orat LLC and 150 Dunbar Road Inc. The properties at 151 Atlantic Avenue and 150 Dunbar Road were purchased by Delaware firms Heavenly Partners and Happy Isles Dreams, which are controlled by the buyer, according to the Palm Beach Daily News.
Ashley McIntosh and Kendall Corso of Douglas Elliman represented the sellers, while Elizabeth DeWoody with Compass acted for the buyer.
The Racys, who are from Sao Paolo, Brazil, commissioned local architect Gene Lawrence to design both homes for their seasonal use in the early 2000s. The house on Atlantic Avenue was built in 2001 and measures 3,100 square feet with three bedrooms and three bathrooms. Property records indicate that the Racys acquired it for $675,000 in 1998. The neighboring home on Dunbar Road was constructed in 2002 and offers 5,700 square feet of space with five bedrooms, five bathrooms, two half-bathrooms, and a pool. Together, the two properties cover a total area of 0.7 acres.
The Dunbar Road residence had previously been listed for $31.9 million last year but saw its price reduced twice before being removed from the market in May.
This sale is part of a series of high-value real estate transactions taking place as Palm Beach enters its peak season. Earlier this month, private equity billionaire Greg Mondre purchased a 1.2-acre oceanfront lot for $58 million after acquiring a non-waterfront property for $31 million in March. Also this month, Winifred Johnson-Marquart—an heiress to SC Johnson—bought a landmarked home for $30 million. In September, Dutch hedge fund manager Pieter Tasselar sold his mansion on the island for $29.5 million through another off-market deal.
