NewsThe Real Deal – South FloridaSeptember 14, 2026Miami-Dade County
Palm Beach waterfront home sells for $40M, more than double its 2019 price
Photo: The Real Deal – South Florida
Philanthropist Kimberly Bluhm purchased a 5,900-square-foot waterfront home at 608 Island Drive in Palm Beach for $40 million via a land trust. The sellers, businessman Roger Webb and his wife Raisa Webb, previously bought the property for $15.5 million in 2019, marking a 158 percent price increase.
Read the full story at The Real Deal – South FloridaWhy It Matters
The $40 million transaction illustrates recent luxury real estate pricing trends and property value changes within the Palm Beach housing market.
Key Facts
Each fact below is taken from the article. Click one to see the exact passage.
Who's Mentioned
location608 Island Drive“The 5,900-square-foot waterfront home that sold for $40 million.”PersonRaisa Webb“Co-seller of the 608 Island Drive property alongside her husband Roger Webb.”location690 Island Drive“Vacant lot that sold for $39.2 million in June.”PersonNeil Bluhm“Billionaire real estate and casino mogul, husband of Kimberly Bluhm.”OrganizationSotheby’s“Real estate firm represented by Carole Koeppel.”OrganizationGoldman Sachs“Financial institution where Denis Coleman serves as CFO.”PersonKimberly Bluhm“Palm Beach philanthropist and art collector who bought the home on behalf of a l”PersonRoger Webb“Businessman who sold the 608 Island Drive property with his wife.”locationSouth Ocean Boulevard“Street location on Billionaires Row where a mansion was listed.”PersonJohn Volk“Late architect whose former historic home sold in August.”locationEverglades Island“Man-made strip neighborhood connected by bridge to the main island.”PersonCarole Koeppel“Sotheby's agent who represented the seller.”PersonDenis Coleman“CFO of Goldman Sachs who previously owned the property.”PersonChristian Angle“Real estate agent who represented the buyer.”locationPalm Beach“Location of the waterfront properties and real estate transactions.”location757 Island Drive“Another home in Everglades Island that sold for $93.3 million in May.”PersonBruce A. Malasky“Homebuilder who purchased the property in 2016.”