Developer Mark Pulte has sold an oceanfront mansion in Delray Beach for $59 million. According to property records, the estate at 701 South Ocean Boulevard was sold by Pulte’s 701 South Ocean LLC to a trust named after the address. The listing was managed by Pascal and Joe Liguori of Premier Estate Properties, with Pascal and Antonio Liguori representing the buyer.
Mark Pulte is the son of Bill Pulte, founder of PulteGroup. His own son, also named Bill Pulte, serves as director of the Federal Housing Finance Agency. Mark Pulte leads Mark Timothy Incorporated, a company known for developing luxury homes in Palm Beach County.
In 2020, Pulte sold a Palm Beach lakefront property for $33.2 million after purchasing it in 2017 for $14 million. That same year, he sold a vacant lot on the island for $23 million.
Pulte acquired the Delray Beach property in 2020 for $11.1 million and completed construction on a 14,000-square-foot mansion in 2023. The home features five bedrooms, nine bathrooms, two half-bathrooms, a pool, and 120 square feet of ocean frontage.
The mansion was first listed at $44.9 million in 2021, with the asking price later increased to $74 million in 2023.
The sale is part of a trend of high-value real estate transactions in Delray Beach. This month, actor Mark Wahlberg purchased a mansion in Stone Creek Ranch near Delray Beach for $32.6 million. Wayne Rothbaum, founder of Quogue Capital, sold two adjacent oceanfront lots in Delray Beach for a combined total of $44 million after acquiring them for $18.3 million. In May, Jeffrey Herzog, CEO of a digital marketing firm, and his wife Jill Herzog sold their mansion for $23.5 million.
