Breakers Row condo brings $8.84 million in Palm Beach; unit last sold for $2.3M in 1990
A beachfront condominium that had not changed hands for nearly 33 years has sold off market in Palm Beach for a recorded $8.84 million in the white-glove condominium development at 2 N. Breakers Row.
A revocable trust in the name of the late Roberta Nevis Robinson was on the seller’s side of Unit N-T2, one of the so-called “terrace” apartments in the development on the grounds of The Breakers in Palm Beach. Robinson’s children, Sheryl Robinson, Dr. Bradley Robinson and Dr. Dana Robinson Krumholz, acted as co-trustees, the deed recorded Tuesday shows.
The new owners are a married couple, investment banker Alan D. Schwartz and Nancy M. Seaman, a former real estate brokerage owner. The couple has a home in Greenwich, Connecticut, the deed shows. Roberta Robinson paid $2.3 million for the three-bedroom condo in December 1990, according to courthouse records. The apartment has 3,020 square feet of living space, inside and out, according to property records.
Sotheby’s International Realty agents handled both sides of the sale this week. John Cregan confirmed that he and his wife, Lisa, represented the buyers. Kevin Condon and Cristina Condon acted on behalf of the sellers, Kevin Condon confirmed. The real estate agents declined to discuss specifics of the sale.
Roberta Robinson died June 23 at 95. She was the widow of Julian Lawrence Robinson. He co-founded High Point Furniture Industries, today known as HPFi, in High Point, North Carolina, where Roberta Robinson was a teacher. The couple spent their retirement in Palm Beach.
THE APPEAL OF BREAKERS ROW: What makes a condo in Palm Beach worth $10.4 million? Hint: Location, location, location
Schwartz is a managing partner of the investment-banking firm Guggenheim Partners, which has dual headquarters in Chicago and New York City, its website says. Schwartz also served as the last president and CEO of the investment bank Bear Stearns, which collapsed during the financial crisis of 2008 and was acquired by JPMorgan Chase.
For 27 years, Seaman ran Houlihan Lawrence, at one point the largest real estate brokerage in Westchester County, New York. Seaman acquired it in 1990 with the late Peter Bailey Seaman, her husband at the time, according to published reports. The company later became part of Berkshire Hathaway HomeServices of America.
The buildings of 2 N. Breakers Row are home to some of the most expensive condos ever sold in Palm Beach. The development is known for its concierge service. Condo owners can order meals from The Breakers, contract for housekeeping services and use the resort's recreational facilities via a club membership. The condo development opened in 1986 on land still owned by the resort.
FROM THE ARCHIVES: At $21.75 million, Breakers Row asking price raises the bar for premium condos in Palm Beach
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Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.
This article originally appeared on Palm Beach Daily News: Another private Palm Beach sale: Oceanfront condo brings $8.84 million
