The penthouse located above the Tiffany & Co. on Worth Avenue, Palm Beach, was purchased for $18 million by a company run by Terry R. Taylor. He is one of the biggest automotive dealership owners in the United States.
415 Hibiscus LLC was managed by Todd Michael Glaser, a luxury homebuilder. The condo is 13,000 square feet and located at 259 Worth Ave./415 Hibiscus Ave. Taylor was listed as the manager of TW Apartment LLC in state records. Jill Eber, Jill Hertzberg and Chris Leavitt from Douglas Elliman represented the seller. The buyer was represented by Christian Angle Real Estate.
The price per square foot was $1,385
The condo was last sold for $15.5m in June 2022. It has been flipped in less than one year. Glaser finished the roof deck by adding a spa, infinity edge pool, outdoor bar, fire pit, lounge, and gym. Interior of the condo is still a shell, ready for a designer.
Eber said, 'This penthouse truly is one of a kind not only for its incredible location but also how it can be customized into a phenomenal image of luxury on Worth Avenue.
Tiffany's decided several years ago to vacate the 2nd floor of the building, creating the opportunity to turn the space into an apartment.