A Palm Beach home has sold for about $16.8 million, more than twice the roughly $8 million paid for it in 2021. The seller was identified as Scott Goodwin of Diameter Capital Partners. The reported price difference is approximately $8.8 million, before accounting for any renovations, transaction costs or other expenses.
Key takeaways
- The home sold for approximately $16.8 million.
- It reportedly changed hands for about $8 million in 2021.
- Scott Goodwin of Diameter Capital Partners was identified as the seller.
A substantial resale gain
The sale price represents a significant increase from the home’s 2021 purchase price. Comparing the two reported figures, the property sold for about 2.1 times its earlier price, a nominal increase of roughly $8.8 million. The earlier amount is approximate, so the comparison should be treated as an estimate rather than a precise calculation of profit.
What the figures do—and don’t—show
The price gap does not establish the seller’s net proceeds or investment return. Those would depend on factors such as property improvements, carrying expenses, financing and transaction costs, none of which are specified in the available information. The reported figures document the change in sale price, not the full economics of ownership.
Palm Beach’s high-end property market
The transaction adds to the high-value home sales reported in Palm Beach, where individual deals can involve prices in the tens of millions of dollars. In this case, the contrast between the 2021 purchase and the later sale is the defining feature: a home bought for about $8 million returned to the market at nearly $17 million.
Sources
- Scott Goodwin of Diameter Capital Partners sells Palm Beach home, The Business Journals.