Ned­er­lan­der lake­front house sells for $13.1M

Palm Beach Daily News - - TODAY - By DAR­RELL HOFHEINZ

The land­marked lake­front house that was home to Char­lene Ned­er­lan­der and her late hus­band, Broad­way pro­ducer and the­ater owner James “Jimmy” M. Ned­er­lan­der, has changed hands for a recorded $13.1 mil­lion at 822 S. County Road.

The sales price was $400,000 less than what the cou­ple paid for the house in April 2010, court­house records show.

The deed recorded Thurs­day iden­ti­fies the buyer as a Florida lim­ited li­a­bil­ity com­pany named M&M Palm Beach Prop­erty In­vestors with a mail­ing ad­dress at 245 Sun­rise Ave., the ad­dress of Lawrence A. Moens As­so­ci­ates real es­tate bro­ker­age. Bro­ker Lawrence Moens, who lives in Palm Beach, han­dled the buyer’s side of the sale, ac­cord­ing to an up­dated list­ing in the Palm Beach Board of Real­tors Mul­ti­ple List­ing Ser­vice.

M&M Palm Beach Prop­erty In­vestors is man­aged by West Palm Beach at­tor­ney Ron­ald Kochman, state busi­ness records show. Kochman de­clined to com­ment, and Moens could not be reached.

Built in the late 1930s and ex­ten­sively ren­o­vated, the Ge­or­gian-style main house has five bed­rooms and was de­signed by Fa­tio and Trainor, the firm of noted so­ci­ety ar­chi­tect Mau­rice Fa­tio. A two-bed­room house on the prop­erty ac­com­mo­dates guests and has its own swim­ming pool, one of two on the prop­erty.

The prop­erty mea­sures nearly an acre with 100 feet of fron­tage on the Lake Worth La­goon. It lies just south of the point where south­bound South County Road curves to join South Ocean Boule­vard.

With a total of 9,704 square feet in­side and out, the es­tate was last listed for sale at $16.5 mil­lion by Char­lene Ned­er­land- er’s daugh­ter, Kristina Gustafson, an agent with South­fields Real Es­tate. It en­tered the mar­ket in Oc­to­ber at $20 mil­lion af­ter Jimmy Ned­er­lan­der died in July 2016 at 94.

Ned­er­lan­der was the long­time chair­man of the Ned­er­lan­der Or­ga­ni­za­tion, a fam­ily-run busi­ness that owns the­aters in New York City, Chicago, Los An­gles, Lon­don and other cities. He also pro­duced Broad­way shows, in­clud­ing the orig­i­nal runs of the mu­si­cals La Cage aux Folles and Nine.

The Ned­er­lan­ders were im­me­di­ately at­tracted to the prop­erty when they were house-hunt­ing seven years ago, Char­lene Ned­er­lan­der told the Daily News late last year.

“We fell in love with it the sec­ond we saw it,” she said. “We loved the views and its his­tor­i­cal sig­nif­i­cance.”

Fa­tio de­signed the main house for the late James and Mary Drew, whose daugh­ter was the late preser­va­tion­ist Barbara Hoff­s­tot. Hoff­s­tot and her hus­band, Henry, made it their win­ter home af­ter her par­ents’ death.

Be­fore the Ned­er­lan­ders bought the es­tate, it had been ren­o­vated and re­stored by the late builder Bill Elias. The floor plan ac­com­mo­date large par­ties with a grandly scaled foyer and gallery. Glass doors in the living room slide, pocket-style, into the side walls, com­pletely open­ing the room to a semi­cir­cu­lar cov­ered log­gia fac­ing the pool and wa­ter­way. The living room is flanked by the fam­ily room and din­ing room.

In ad­di­tion to the guest house, the prop­erty has an orchid house and a de­tached garage that com­ple­ments the main garage.

The town granted the house land­mark pro­tec­tion in 1990.

Photo by Andy Frame, cour­tesy of South­fields Real Es­tate

Win­dows in the living room at 822 S. County Road can slide into the side walls to open up to the back­yard.

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