Developer Mark Pulte has sold an oceanfront mansion in Delray Beach for $59 million. Public records indicate that 701 South Ocean LLC, controlled by Pulte, transferred ownership of the estate at 701 South Ocean Boulevard to a trust named after the property’s address. The sale was handled by Pascal and Joe Liguori of Premier Estate Properties, with Pascal and Antonio Liguori representing the buyer.
Mark Pulte is known as the founder of Mark Timothy Incorporated, a luxury homebuilding firm active in Palm Beach County. He is also the son of Bill Pulte, founder of PulteGroup. His own son, Bill Pulte Jr., currently serves as director of the Federal Housing Finance Agency.
Pulte acquired the 1.2-acre Delray Beach property for $11.1 million in 2020 and completed construction on a 14,000-square-foot mansion in 2023. According to listing information and property records, the house features five bedrooms, nine bathrooms, two half-bathrooms, a pool, and 120 feet of ocean frontage.
The property was first listed for $44.9 million in 2021; by 2023, its asking price had risen to $74 million according to Zillow data.
This transaction follows several other high-value real estate deals in Delray Beach recently. Earlier this month, actor Mark Wahlberg purchased a mansion in Stone Creek Ranch near Delray Beach for $32.6 million. Billionaire Wayne Rothbaum sold two adjacent oceanfront lots for a combined $44 million after acquiring them for $18.3 million. In May, Jeffrey Herzog and his wife Jill Herzog sold their mansion for $23.5 million.
