James Terlizzi, chairman of DRB Capital, and his wife Laura have sold their waterfront property in Gulf Stream for $15.9 million. The buyer is Zee El Ocho LLC, a Florida company managed by Benjamin J. Bavly, who is CEO of BlackStar Capital based in Chestnut Hill, Massachusetts.
The listing was handled by Candace and Phillip Friis of the Corcoran Group. Candace Friis also represented the buyer in the transaction.
Terlizzi has served as chairman of Delray Beach-based DRB Capital since 2014 and was previously CEO of Peachtree Financial Solutions, according to Bloomberg.
The Terlizzis purchased the house for $4.3 million in 2009. Built that year on a 1.1-acre lot, the 7,300-square-foot estate includes six bedrooms, six bathrooms, two half-bathrooms, a pool, and 446 feet of waterfront with two docks. The property also features a guest house and was designed by architect Randall Stofft with interiors by Marc Michaels Interiors.
The home was initially listed for $17.9 million in January and went under contract in May.
This sale adds to a series of high-value transactions in Gulf Stream, an area north of Delray Beach known for luxury homes that rarely come to market. Last month, the Ganger family sold the historic Miradero estate—originally designed by Maurice Fatio for Lila Vanderbilt Webb—for $21.6 million after one month on the market. In September, attorney Henry Rosen bought an oceanfront home for $22 million from Bon Property LLC, managed by Aogán O hAoláin; O hAoláin also oversaw Bos Property LLC’s sale of a Highland Beach mansion for $28.5 million earlier this year.
