Industrial heir sells lakefront Palm Beach home for $57M

Ambrose K. Monell, the grandson of a Gilded Age industrialist, sold his lakefront Palm Beach home for $57 million in an off-market deal, marking another high-dollar transaction during the town’s peak real estate season. Records show he and his wife, Lili Monell, sold the house at 635 Crest Road to a trust named for the address and managed by prominent wealth management attorney Cameron Casey. Gary Pohrer with Serhant represented the buyer’s side.  Monell’s grandfather and namesake was the nickel magnate Ambrose Monell. He became Carnegie’s chief metallurgical engineer before being named president of the International Nickel Company. He died […]This article originally appeared on The Real Deal. Click here to read the full story.