The estate of a late bank owner is selling her oceanfront Gulf Stream compound for $16.7 million.
Records show that a trust in the name of Catherine German West sold the property at 1465 North Ocean Drive to Jean Aucouin of Saint Laurent, Quebec. Aucoin is associated with the Aucoin Family Trust.
Pascal Liguori and Antonio Liguori of Premier Estate Properties managed the listing and Candace Friis of Corcoran Group brought in buyers.
Aucoin is president of Saint-Laurent-based J. Sonic Services, a provider of home building materials, including flooring, tile, artificial turf and bushes, according to its website.
Aucoin’s trust sold a Gulfstream condo in the 4001 North Ocean building in June for $8 million, real estate records show.
German West was a longtime executive at McLean, Va.-based Capital One and was president of the U.S. credit card division for several years. She joined the board in 2013 and served until her death last July at the age of 62.
Property records show Deutsche West bought the half-acre Gulfstream compound in April 2021 for $13 million.
Built in 1928 and renovated in 2014, the listings show a total of 6,400 square feet with five bedrooms and five bathrooms. The listing shows the property includes two spas, gym, sauna, pool and outdoor shower.
The building is part of Lila Vanderbilt Webb’s Miradero estate, which she designed with renowned Palm Beach architect Maurice Fatio and build. Vanderbilt Webb, granddaughter of Commodore Vanderbilt, started the project after the death of her husband, Dr. William Seward Webb in 1926. palm beach daily news The report said.
The estate was later divided.
Another Fatio-designed home recently sold in Palm Beach for $41.4 million. Designer and real estate investor Tommy Hilfiger buys Fatio Palm Beach residence for $36.9 million from super agent Lawrence Moens, just five It will be sold after a month.
In the luxury enclave of the Gulf Stream, a number of big-ticket deals were done in the last year. In January, a New Jersey baking mogul bought a flipped waterfront estate for $31.5 million. In September, a Boston-based hedge fund bought a waterfront compound for $29 million. A former Olympic sailor sold his waterfront property in August for $16.5 million.
