Originally posted on The Real Deal — April 20th, 2021
Image Credit to The Real Deal
Trans Am Series driver Simon Gregg, son of the late racing champion Peter Gregg, bought a new waterfront mansion in Palm Beach Gardens.
Gregg paid nearly $9 million for the five-bedroom home at 14844 Palmwood Road, according to a press release. Property records show Mads Thomsen, a luxury homebuilder in Palm Beach, sold the 11,372-square-foot house.
The home sold for nearly $1,500 a per square foot, a record in Palm Beach Gardens, according to the release. Jennifer Hyland of Illustrated Properties’ Peters & Hyland group represented the seller, while Compass agent Holly Meyer Lucas brought the buyer.
It was listed for $9.4 million.
Simon Gregg is a three-time Trans Am champion who recently announced plans to launch the Peter Gregg Foundation and the Peter Gregg Gallery in Jacksonville. His father, a 22-race winner, was married to Jennifer Johnson of the Johnson & Johnson family.
Records show Thomsen paid $1.4 million for the property in 2014 and completed the house in 2018. The half-acre property features a gated driveway leading to a motor court, a three-car garage, a pool, boat dock and new seawall, and 100 feet of frontage on the Intracoastal Waterway.
Golf great Greg Norman and his wife, Kiki, recently paid $12.2 million for a home in Palm Beach Gardens.
A number of race car drivers have long called South Florida home. Former Formula 1 driver and spec home developer Eddie Irvine recently sold a waterfront home on the Venetian Islands in Miami Beach for $17.1 million.
In October, Extreme Speed Motorsports owner and driver Scott Sharp sold his waterfront home in North Palm Beach for $5.3 million.
ABOUT THE MEYER LUCAS TEAM
The Meyer Lucas Team at Compass is an award-winning, top-producing real estate team based in the Jupiter area of South Florida and led by Holly Meyer Lucas. Consistently ranked among the leading real estate teams in the state and nation, Holly and her team take pride in providing premium luxury real estate services to our local communities across the Palm Beaches and Treasure Coast. While Holly is known locally and recognized nationally for her work finding homes for Jupiter's professional athletes and their families, the Meyer Lucas Team treats every buyer and seller like a VIP. Whether you are buying a home, selling a home, or investing in real estate, contact our team today to get the ball rolling on your next move. Learn more about the Meyer Lucas Team at www.meyerlucas.com.