Developer sells Palm Beach house that just broke ground for $9M

Nathan Law

The ocean block of Seaspray Avenue in Palm Beach just saw a sale recorded at $9 million for a house that has barely broken ground on a lot measuring about a quarter acre. Credit-lending executive Robert K. deVeer III and his wife, Colleen, of Greenwich, Connecticut, bought the Midtown property at 165 Seaspray […]

The ocean block of Seaspray Avenue in Palm Beach just saw a sale recorded at $9 million for a house that has barely broken ground on a lot measuring about a quarter acre.

Credit-lending executive Robert K. deVeer III and his wife, Colleen, of Greenwich, Connecticut, bought the Midtown property at 165 Seaspray Ave., according to courthouse records. The lot is the second one east of North County Road, a couple of blocks north of Royal Palm Way.

The property was sold by a Georgia-based limited liability company managed by developer Mary Frances Garrett. She is married to Tom Garrett, the founder and CEO of Atlanta-based GPS Hospitality, which owns Burger King, Popeyes and Pizza Hut restaurant franchises in about a dozen states.

Mary Frances Garrett sold the house through her real estate company, M2B Properties LLC. The company’s initials stand for “meant to be,” she said Tuesday.

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