NewsThe Real Deal MiamiSeptember 14, 2026Miami-Dade County
Palm Beach waterfront home sells for $40 million, more than doubling in value over seven years
Photo: The Real Deal Miami
Palm Beach philanthropist Kimberly Bluhm purchased a waterfront home at 608 Island Drive for $40 million through a land trust, marking a 158 percent price increase from its 2019 sale. The 5,900-square-foot house was sold by businessman Roger Webb and his wife, Raisa Webb, who originally bought it for $15.5 million. The transaction was listed at an initial asking price of $41 million in June.
Read the full story at The Real Deal MiamiWhy It Matters
The $40 million transaction highlights continued high-end property valuation increases within the Everglades Island neighborhood in Palm Beach.
Key Facts
Each fact below is taken from the article. Click one to see the exact passage.
Who's Mentioned
PersonRaisa Webb“Co-seller of the property with her husband Roger Webb.”PersonNeil Bluhm“Billionaire real estate and casino mogul and husband of Kimberly Bluhm.”OrganizationGoldman Sachs“Financial institution where Denis Coleman serves as CFO.”PersonKimberly Bluhm“Palm Beach philanthropist and art collector who purchased the waterfront home on”PersonRoger Webb“Businessman who sold the property along with his wife Raisa Webb.”PersonJohn Volk“Late architect whose former historic home recently sold.”locationEverglades Island“Neighborhood where the property is located.”PersonCarole Koeppel“Sotheby's agent who represented the seller.”PersonDenis Coleman“CFO of Goldman Sachs who owned the property prior to 2016.”PersonChristian Angle“Real estate agent who represented the buyer.”locationPalm Beach“Municipality where the property and other referenced real estate are located.”OrganizationSotheby's“Real estate brokerage firm associated with listing agent Carole Koeppel.”PersonBruce A. Malasky“Homebuilder who bought the property in 2016.”