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Palm Beach Couple Sells Renovated Mansion for $25.4 Million
Cornelia and Richard Thornburgh sold their renovated mansion on Everglades Island for $25.4 million. The property was listed at $24.9 million and sold after several price reductions.
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What Happened?
Cornelia and Richard Thornburgh sold their renovated mansion on Everglades Island for $25.4 million. The property was listed at $24.9 million and sold after several price reductions.
AI Quick Summary
Cornelia and Richard Thornburgh sold their renovated mansion for $25.4 million after extensive renovations.
Key points
- The Thornburghs purchased the mansion in 2014 for $9 million.
- The property was extensively renovated, featuring five bedrooms and luxury amenities.
- The buyer, 260N Property Limited Partnership, is based in Manitoba.
- The mansion was initially listed for $39 million before selling for $25.4 million.
- The couple downsized to a historic bungalow after the sale.
Key insights
- The significant profit from the sale indicates a strong real estate market.
- The buyer's existing property in Palm Beach suggests a continued investment in the area.
- The extensive renovations made the mansion more appealing to buyers.
Why it matters
This sale reflects the high demand for luxury properties in Palm Beach.
Entities
Cornelia Thornburgh· PersonRichard Thornburgh· PersonEverglades Island· Location260N Property Limited Partnership· OrganizationPalm Beach· City
Source
Times of India