Beverly Rawlings has sold her oceanfront condominium in Palm Beach for $17.2 million through an off-market transaction. The property, located at 102 Gulfstream Road, was purchased by a Delaware entity named after the address, with the actual buyer remaining unidentified.
This sale is among the most expensive condo transactions recorded on Palm Beach island. According to public records, Beverly Rawlings and her late husband, George Rawlings, acquired the unit for $13.9 million in 2016. Built in 2009, the residence spans 4,900 square feet and includes four bedrooms, four bathrooms, and two half-bathrooms.
George Rawlings founded the Rawlings Group in 1977. His work established practices that led to the development of a multibillion-dollar subrogation outsourcing industry. As noted in a 2018 Associated Press profile, he was described as a “bounty hunter” for health insurance companies. Subrogation allows insurers to recover money paid out for losses from responsible third parties.
The company is based in La Grange, Kentucky. Beverly and George Rawlings also co-founded the Crab Orchard polo team, which won the U.S. Open three times according to published reports. They have been major supporters of Liberty University in Lynchburg, Virginia; George’s father, Dr. John Rawlings, was an adviser to university founder Dr. Jerry Falwell.
The couple divided their time between their Palm Beach home and a farm in Oldham County, Kentucky until George Rawlings’ death in 2023. In 2016 they sold an equestrian estate in Wellington for $20 million to Frank McCourt.
Before completing this recent sale, Beverly Rawlings had listed the condo at $19.5 million but withdrew it from the market in May according to Zillow data.
The transaction now ranks as the third-highest condo sale on Palm Beach island behind Robert Kraft’s $23.8 million penthouse purchase in 2022 and Terry Taylor’s $18 million acquisition of a large unit on Worth Avenue last year.
