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Palm Beach real estate: Buyer upsizes via $9.5 million deal, lists other home for sale

Toronto snowbird Adrian Tauro has 221 Oleander Ave. on the market for $7.9 million; he bought a larger home at 224 Via Marila for $9.5 million, also on the North End of town.

Seasonal Palm Beach resident Adrian Tauro in late April paid a recorded $9.5 million for this recently renovated 1960 house at 224 Via Marila on the North End.

Like many seasonal Palm Beach residents with real estate experience, Adrian Tauro has been keeping busy these days on the North End of town.

In mid-March, the Canadian financial adviser listed for sale — initially at about $8.3 million and later for about $7.9 million — a three-bedroom house he owns at 221 Oleander Ave.

The property entered the multiple listing service around a month before Tauro upsized to a house on Via Marila, which he bought in late April for a recorded $9.5 million.

Built in 1960, the four-bedroom, Bermuda-style house at 224 Via Marila had been extensively renovated by the previous residents, Maryland insurance specialists and retirement advisers Michael Steranka and Jane Sinclair.

“We did everything — new bathrooms, new kitchen, new electric, new air-conditioning,” Steranka told the Palm Beach Daily News in an article about the house published in March 2022.

With a view of the pool and backyard, the loggia runs the length of the main wing of this Palm Beach house at 224 Via Marila, which sold for a recorded $9.5 million in April.

Palm Beach and Miami developer Todd Michael Glaser helped oversee the renovation, said Steranka, who was listed as the seller on the deed recorded April 25.

With 4,683 square feet of living space, inside and out, the Via Marila house last sold for $3.55 million in July 2020, just as the newly arrived coronavirus pandemic was sparking a real estate boom that ultimately launched Palm Beach real property prices into the stratosphere.

On a lot of nearly four-tenths of an acre, the Via Marila house is several streets north of the Palm Beach Country Club. The house was sold with deeded beach access through a private gate; on the opposite end of Via Marila is an entrance to the Lake Trail.

Agent Gary Pohrer of Douglas Elliman Real Estate represented the seller on Via Marila, with agent Margit Brandt of Premier Estate Properties acting for Tauro.

Adrian Tauro bought house on Oleander Avenue in 2022 for $6.3 million

Brandt also holds the listing of Tauro’s house at 221 Oleander Ave., which entered the market at $8.299 million before the price dropped by $400,000 at the beginning of May.

The Oleander Avenue house has three bedrooms and 3,168 total square feet, according to Brandt’s listing in the multiple listing service.

Canadian banker Adrian Tauro is selling this three-bedroom house at 221 Oleander Ave. on the North End of Palm Beach. The asking price is $7.899 million.

Tauro bought the house on Oleander in early 2022 for $6.3 million in an off-market deal and then made improvements to the landscaping, including new exterior lighting, he told writer Christine Davis earlier this year. He also replaced the interior lighting fixtures

The house was designed by Daniel Menard of LaBerge & Menard with an open-concept family room, living room and kitchen with floor-to-ceiling windows. It was developed by a company managed by Palm Beach real estate investor Edward Kettenbach and completed in 2018.

Built in 2018, a Palm Beach house at 221 Oleander Ave. has an open floor plan designed for entertaining. The North End property is priced at $7.899 million.

From the archives: Adrian Tauro buys smaller house across town after selling custom home in Palm Beach

From the archives: Tauro-built custom home on Middle Road sells for recorded $26.75 million in Palm Beach

The house, which replaced a four-unit apartment building when it was built on speculation, first changed hands in 2019 for a recorded $2.7 million. The lot is in the middle of the block of Oleander Avenue, four streets north of Royal Poinciana Way.

Brandt’s sales listing describes the house as “turn-key” with marble counter tops and high-end kitchen appliances, along with a den and “fabulous outdoor dining and lounging space both upstairs and downstairs.”

Listed at $7.899 million, a Palm Beach house at 221 Oleander Ave. has French doors that open onto a dining patio.

Based in Toronto, Tauro is a senior financial adviser with a private client group at ScotiaMcleod, part of Scotia Wealth Management, the investment arm of Scotiabank (the Bank of Nova Scotia).

Tauro said he bought the house on Oleander Avenue as a pied-a-terre after the December 2021 sale of his custom home across town at 95 Middle Road in the Estate Section. Agent Suzanne Frisbie of the Corcoran Group was the listing agent in the Middle Road deal, which recorded at $26.75 million. Broker Christian Angle of Christian Angle Real Estate acted on behalf of the Middle Road buyer, jewelry designer Marissa Klass.

Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email, call 561-820-3831 or tweet @PBDN_Hofheinz.

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