It was finished this year on a corner lot measuring about three-tenths of an acre, property records show. The house that sold last week is on the street immediately south of the inlet at the north tip of the island. >RELATED: Developer sells first of two back-to-back spec houses for $6M on Palm Beach’s North End The two houses stand about a half-mile north of the Palm Beach Country Club. Those deeds recorded at $6.04 million and $5.94 million, respectively. In February and June, an ownership entity associated with Mashburn sold two slightly smaller never-lived-in spec houses completed last year on back-to-back properties at 217 El Pueblo Way and 218 La Puerta Way. Fitzgibbons is a real estate agent with Olshen Group LLC in New York, where she specializes in serving the Westchester, Putnam and Dutchess County markets. He also is a former CEO of Madison Square Garden in New York City. Until last fall, Smith, who goes by Tad, was president and CEO of Sotheby’s auction house. and his wife, Caroline Fitzgibbons, were the buyers, according to the deed filed by the Palm Beach County Clerk. It was sold by 1585 North Lake LLC, a Delaware limited liability company associated in property records with Blackpoint Partners, the New York City real estate investment and management firm co-founded by Mashburn. The property was previously addressed as 1585 N. The two-story house has about 6,108 square feet of living space, inside and out, according to its sales listing. On Friday, a deed recorded at $7.65 million for a five-bedroom house completed this year at 250 Indian Road. Development companies linked to real estate investor Mark Mashburn have now sold three North End houses - all built on speculation - since the end of February, courthouse records show.
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