Developer Mark Pulte has sold an oceanfront mansion in Delray Beach for $59 million, achieving a significant profit on the property. According to public records, the estate at 701 South Ocean Boulevard was sold by Pulte’s 701 South Ocean LLC to a trust named after the address. The listing was managed by Pascal and Joe Liguori of Premier Estate Properties, with Pascal and Antonio Liguori representing the buyer.
Mark Pulte is known as the son of Bill Pulte, founder of PulteGroup. His own son, Bill Pulte Jr., serves as director of the Federal Housing Finance Agency. Mark Pulte also heads Mark Timothy Incorporated, a company recognized for developing luxury spec homes in Palm Beach County.
In 2020, Pulte sold a Palm Beach lakefront estate for $33.2 million, having acquired it three years earlier for $14 million. That same year, he sold a vacant lot on the island for $23 million.
Pulte purchased the 1.2-acre Delray Beach property in 2020 for $11.1 million and completed construction of the 14,000-square-foot mansion in 2023. The residence features five bedrooms, nine bathrooms, two half-bathrooms, a pool, and 120 square feet of ocean frontage.
The property was initially listed at $44.9 million in 2021, with the asking price later raised to $74 million in 2023, according to Zillow.
This transaction adds to a series of high-value real estate deals in Delray Beach. Recently, actor Mark Wahlberg purchased a mansion in Stone Creek Ranch near Delray Beach for $32.6 million. Additionally, billionaire Wayne Rothbaum sold two adjacent oceanfront lots in the area for $22 million each, totaling $44 million after originally buying them for $18.3 million. In May, Jeffrey Herzog, CEO of a digital marketing firm, and his wife Jill Herzog sold their mansion for $23.5 million.
