Bogliones are well known for their high quality restorations and refurbishment. Their 17th-century Petersham House near London on the Thames was purchased in the 1990s on the recommendation of their friend Mick Jagger and later restored to one of England’s most beautiful homes.
The Gaelforce sale is the highest sales result in Palm Beach since last year, when investment banker Mike Messara paid $ 24 million for the late media legend Sam Chisholm.
According to Domain Data, this comes amid one of the strongest market booms in decades, with average real estate prices in Palm Beach soaring 14.5% in the year to March.
Late last year, architects Susan and Harry Rothwell-turned-developers paid $ 14 million for The Hideaway in Palm Beach as part of the 9,000-square-meter merger. They moved into a fifth house next door last week to further expand their territory when they paid $ 3.2 million for the Arcadia home.
This story first appeared on the Domain site.