Sunday, August 21, 2022

Vince Marotta of Illustrated Properties Closes Most Expensive Sale in History of Old Palm Golf Club in Palm Beach Gardens, FL

Vince Marotta

Palm Beach Gardens, FL – Vince Marotta, the No. 1 producer at Illustrated Properties in each of the last three years, completed yet another major real estate accomplishment by closing the most expensive sale in the history of the Old Palm Golf Club in Palm Beach Gardens.

 The $22.5 million sale closed on July 7 and exceeds the previous high for the community by $7.5 million. Both buyer and seller are prominent hedge fund managers out of New York City.


Jeremy Browne


 Located at 12203 Tillinghast Circle in Palm Beach Gardens, the 9,655-square-foot home features a modern décor, stunning high ceilings, 5 bedrooms, 6 full bathrooms and 3 half bathrooms. 

The elegant backyard features a crystal-clear pool that leads to a manicured garden perfect for entertaining. The property also includes a clay tennis court with a covered pergola and pristine view of the golf course.

Mike Pappas

Built in 2011, this property is one of only two double lots within the Old Palm Golf Club sitting on over two acres. The other is owned by Australian golf legend Greg Norman.

 Marotta has a second pending sale in the community that is under contract for $20 million with no contingency. Closing is set for the beginning of 2023 once ongoing renovations are complete.

 The latest sale brings Marotta to $150 million in total volume for 2022 with a projected total of almost $300 million by the end of the year.

Greg Norman

“Old Palm is one of the finest golf course communities in Palm Beach Gardens and I am so proud to be able to complete a historic sale in this community,” Marotta said. “We have been fortunate to have a strong market in the Palm Beaches, and securing a sale such as this bodes well for local luxury market’s outlook going forward.”

 Jeremy Browne of the Hughes Browne Group of Compass represented the buyer in the transaction. Browne, Co-Founding Principal of the group, has been a Realtor for almost two decades and a resident of the community for nearly 40 years.

 “We are extremely proud of the success Vince has had in the Palm Beach luxury market,” said Mike Pappas, CEO of The Keyes Company. “With a track record of record-setting sales in the area, we are excited to see what milestone he will establish next.”

Wendy Cullen 



 Marotta, a former college football and track athlete at Yale University who participated in several of the iconic Yale/Harvard rivalry games, applies the passion, tenacity and dedication cultivated on the gridiron to his longtime position as one of the most prolific luxury real estate agents in the Palm Beaches.

 A Jupiter resident, Marotta has enjoyed success in communities throughout the northern Palm Beach market like The Bear’s Club, Admirals Cove, Old Palm Golf Club, Jupiter Island, Trump National, Harbour Isles, Frenchman’s Creek and many others. 

Additionally, Marotta is the only Realtor in a given year who has sold multi-million-dollar condos in Jupiter Island, Juno Beach, North Palm Beach and Singer Island. 

These statistics, along with the highest degree of integrity and loyalty has earned Illustrated’s Vince Marotta and his assistant Wendy Cullen a stellar reputation among a high-expectation clientele.

 

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CONTACTS:

  Eric Kalis, BoardroomPR

ekalis@boardroompr.com

954-370-8999


Daniel Benjamin

Senior Account Executive,

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

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