Under-renovation house built in 1941 sells for $9.43M in Palm Beach

An 80-year-old house under renovation on Palm Beach’s North End has changed hands for $9.423 million, the price deed recorded last week with the deed. The property at 991 N. Lake Way found its new owner within a few days after being listed for sale, according to the local multiple listing service.

Christopher Furlo, who has family ties to Palm Beach and Michigan, sold the house as co-trustee of three trusts in his name and the names of his two brothers, Louis J. Furlo Jr. and Paul William Furlo, according to the deed recorded May 6.

A trust also was on the buyer’s side of the deal. Attorney Paul A. Krasker acted as trustee of the 991 N. Lake Way Trust. Because of rules governing trusts, no other information about anyone else associated with the land trust was immediately available in public records.

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