A trust controlled by a Philadelphia businessman sold a Palm Beach mansion that he built, but never lived in, for $40.87 million.
The 1071 North Ocean Boulevard Trust, with attorney Maura Ziska as trustee and businessman Vahan Gureghian as managing member, sold the home at 1071 N. Ocean Blvd. to REIWA LLC, managed by West Palm Beach attorney Alan Ciklin. It’s not clear who owns the LLC.
The seller was represented by Douglas Elliman’s Ashley McIntosh, Gary Pohrer and Vince Spadea.
