Waterfront West Palm Beach Residence Sells For $7M

Nicholas and Caroline Rafferty and 6709 South Flagler Travel, West Palm Beach front (Getty/Patrick McMullan, Google Maps)

A vice president at an expense company and his inside designer spouse paid $6.8 million for a waterfront West Palm Beach front dwelling, just times right after providing their home in Palm Seashore for $11.4 million.

Nicholas and Caroline Rafferty acquired the home at 6709 South Flagler Travel from Greg and Monica Oberting, data present.

Nicholas K. Rafferty is a vice president and customer adviser at Stamford, Connecticut-centered Chilton Financial commitment Firm, which has an business in Palm Beach front, according to its site. Caroline C. Rafferty is the founder of Caroline Rafferty Interiors, an inside design and style business in Palm Seashore.

Greg Oberting is president and CEO of Rail Modal Team, a Minot, North Dakota-primarily based operator of intermodal rail service. He is also president and CEO of Interstate Commodities, a Troy, New York-centered commodities vendor that filed for Chapter 11 personal bankruptcy safety in August. Oberting and his wife purchased the dwelling in early 2019 for $2.8 million.

The property was 1st mentioned for $5 million in August of final 12 months. The most the latest asking rate was $5.5 million in May possibly. John H. Stewart with Brown Harris Stevens represented the sellers, and Blair Kirwan of the similar brokerage represented the potential buyers.

The 6,706-sq.-foot home has five bedrooms and five-and-a-50 % bathrooms. The home also characteristics an elevator, 3-automobile garage, a pool and a dock with a 20,000-pound elevate, according to the listing.

The Raffertys marketed their 5,708-sq.-foot property in Palm Seashore for $11.4 million, days in advance of obtaining this West Palm Seaside house, records display.

Other recent product sales in West Palm Beach incorporate Joseph J. Plumeri acquiring a condo at The Bristol for $16.5 million, an heir to the Annenberg publishing spouse and children selling a device at The Bristol for $7.8 million, and the CEO of a Canadian financial expert services company selling a apartment at the very same making for $6.6 million.