Developer Mark Pulte has sold an oceanfront mansion in Delray Beach for $59 million, according to public records. The property at 701 South Ocean Boulevard was sold by Pulte’s entity, 701 South Ocean LLC, to a trust named after the address. Pascal and Joe Liguori of Premier Estate Properties were the listing agents, and Pascal Liguori, along with Antonio Liguori from the same firm, represented the buyer.
Mark Pulte is known as the founder of Mark Timothy Incorporated, a company that develops luxury spec homes in Palm Beach County. He is also the son of Bill Pulte, who founded PulteGroup. His own son, Bill Pulte Jr., serves as director of the Federal Housing Finance Agency.
Pulte purchased the 1.2-acre estate in 2020 for $11.1 million and completed construction of the 14,000-square-foot mansion in 2023. The house features five bedrooms, nine bathrooms, two half-bathrooms, a pool, and 120 feet of ocean frontage.
The mansion was initially listed for $44.9 million in 2021. In 2023, Pulte raised the asking price to $74 million, according to Zillow.
This sale adds to a series of high-value real estate transactions in Delray Beach. Earlier this month, actor Mark Wahlberg bought a home in Stone Creek Ranch near Delray Beach for $32.6 million. Wayne Rothbaum, billionaire and founder of Quogue Capital, sold two adjacent oceanfront lots in Delray Beach for a combined $44 million, having previously acquired them for $18.3 million. In May, digital marketing executive Jeffrey Herzog and his wife Jill Herzog sold their mansion for $23.5 million.
“There has been a notable increase in luxury real estate sales in Delray Beach over recent years,” said Pascal Liguori.
