Developer Mark Pulte has sold his oceanfront mansion in Delray Beach for $59 million. The property, located at 701 South Ocean Boulevard, was sold by Pulte’s 701 South Ocean LLC to a trust named after the address. Pascal and Joe Liguori of Premier Estate Properties handled the listing, with Pascal and Antonio Liguori representing the buyer.
Mark Pulte is known as the son of Bill Pulte, founder of PulteGroup. His own company, Mark Timothy Incorporated, is recognized for developing luxury homes in Palm Beach County. In addition to this sale, Pulte previously sold a Palm Beach estate for $33.2 million in 2020 after acquiring it for $14 million three years earlier. He also sold a vacant lot on Palm Beach Island that same year for $23 million.
The Delray Beach estate spans 1.2 acres and was purchased by Pulte in 2020 for $11.1 million. The mansion was completed in 2023 and covers about 14,000 square feet with five bedrooms, nine bathrooms, two half-bathrooms, a pool, and approximately 120 feet of ocean frontage.
The property first entered the market at $44.9 million in 2021 before its price was raised to $74 million in 2023 according to Zillow data.
Delray Beach has seen several high-value real estate transactions recently. Earlier this month, actor Mark Wahlberg bought a home in Stone Creek Ranch near Delray Beach for $32.6 million while billionaire Wayne Rothbaum sold two adjacent oceanfront lots there for a combined total of $44 million after purchasing them for $18.3 million previously. In May, Jeffrey Herzog and Jill Herzog sold their mansion in the area for $23.5 million.
