Partnership plans to renovate the house and complete it within six months.
The Read Deal
by Katherine Kallergis
Spec home developer Todd Michael Glaser and his partners Scott Robins and Jonathan Fryd paid $12.6 million for a home across the street from the ocean in Palm Beach.
The partnership plans to renovate the house at 870 South Ocean Boulevard and list it for sale in about six months, Glaser said. Property records show Invest Komfort FL LLC, led by Zdzislaw Ciomek, sold the home. Ciomek heads Euro Homes.
Suzanne Frisbie of Premier Estate Properties brokered the off-market deal, Glaser said. The home previously sold in 2016 for $8.5 million, records show. Built in 1981, the four-bedroom, 6,124-square-foot house includes a pool and cabana fronting the ocean that Glaser said will also be renovated.
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