Beverly Rawlings has sold her oceanfront condominium in Palm Beach for $17.2 million in an off-market transaction, according to property records. The sale of the unit at 102 Gulfstream Road is among the highest-priced condo deals on the island. The buyer is a Delaware entity named after the address, but the actual purchaser remains unidentified.
Rawlings is the widow of George Rawlings, who established the Rawlings Group in 1977. His work laid the foundation for what became a multibillion-dollar subrogation outsourcing industry, where insurance companies seek reimbursement from third parties responsible for losses they have covered. In a 2018 Associated Press profile, George Rawlings was described as a “bounty hunter” for health insurers.
The Rawlings Group operates out of La Grange, Kentucky. Beverly and George Rawlings also founded the Crab Orchard polo team, which won the U.S. Open three times. They were notable supporters of Liberty University in Lynchburg, Virginia. According to George Rawlings’ obituary, his father, Dr. John Rawlings, was an adviser to Liberty University’s founder, Dr. Jerry Falwell.
The couple divided their time between their Palm Beach residence and a farm in Oldham County, Kentucky until George Rawlings’ death in 2023. In 2016, they sold an equestrian estate in Wellington to Frank McCourt for $20 million.
They purchased their Palm Beach condo for $13.9 million in 2016. Built in 2009, it covers 4,900 square feet and includes four bedrooms and six bathrooms (four full and two half-baths). Before this recent deal closed off-market, Beverly Rawlings had listed it with an asking price of $19.5 million before withdrawing it from Zillow in May.
This transaction ranks as the third-most expensive condo sale recorded on Palm Beach Island. The current record belongs to Robert Kraft’s $23.8 million penthouse purchase made in 2022; Terry Taylor bought a Worth Avenue condo for $18 million last year.
