IMAX board member sells oceanfront Palm Beach mansion for $37M

Telecommunications mogul Kevin Douglas and his wife sold their oceanfront Palm Beach mansion for $37.1 million amid a flurry of pricey deals this season. Records show Kevin and Michelle Douglas sold their house at 870 South Ocean Boulevard to a Delaware entity named for the address. The true buyer is hidden. Christian Angle with Christian Angle Real Estate represented both sides in the transaction. Douglas is an under-the-radar investor who made his fortune with early bets on telecommunications investments through his firm Douglas Telecommunications. He is the largest individual investor in IMAX and has sat on its board since 2016, […]This article originally appeared on The Real Deal. Click here to read the full story.