Palm Beach philanthropist picks up waterfront home for $40M

A Palm Beach waterfront home changed hands for $40 million, more than twice what it sold for seven years ago. Palm Beach philanthropist and art collector Kimberly Bluhm, on behalf of a land trust, bought the 5,900-square-foot house at 608 Island Drive for $6,765 per square foot. Businessman Roger Webb and his wife, Raisa Webb, were the sellers, property records show. The Webbs paid $15.5 million for the home in 2019. The latest sale marks a 158 percent price increase from the previous trade. The house sits on a 0.44-acre intracoastal waterfront lot with five bedrooms, six bathrooms and a […]

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