Firm Platinum Top Producer Lynn B. Telling facilitates transaction; Parkwood Distinctive Homes plans single-family home project
Illustrated Properties, a member of The Keyes Family of Companies, has announced the sale of more than seven acres – including the former site of the famed Bonnette Hunt Club – in Palm Beach Gardens. Lynn B. Telling, a Platinum Top Producer and Luxury Specialist with Illustrated, arranged the sale to Parkwood Distinctive Homes and was also the listing agent on the transaction.
A leading national homebuilder, Parkwood plans to develop up to 28 single-family homes starting at 2,400 square feet under air. The homes are expected to be priced between $500,000 and $800,000. Parkwood, which plans to unveil additional project details in the coming months, aims to complete the homes by summer 2018.
The $2.55 million sale of the 5307 and 5309 Hood Road site to Parkwood closed on Friday, June 16.
Started by retired Navy warrant officer William Bonnette in 1961, the Bonnette Hunt Club was a popular hangout for celebrities, millionaires, foreign dignitaries and the Palm Beach elite.
Regulars included Burt Reynolds, Bing Crosby, Jack Nicklaus, Jordan’s King Hussein and former Florida governors Lawton Chiles and Claude Kirk, Jr.
The partnership that sold the site to Parkwood includes Bonnette’s daughter Alix Dummett and Major C. Fussell, whose involvement with the club dates back to its early days.
“We congratulate Lynn Telling and the team at Illustrated for completing this sale to a developer we know will create a beautiful new community while respecting the rich history of this site,” said Keyes CEO Mike Pappas. “This is truly a gem located in the heart of Palm Beach Gardens. The proximity to Scripps Research Institute and the newly constructed United Technologies campus and other major employment hubs will certainly drive interest in the new homes.”
A member of the Bonnette Hunt Club since 2005, Telling has deep personal ties to the club and surrounding community. Her son received his final merit badge at the site on his way to becoming an Eagle Scout.
“I feel that each transaction in a community deserves commitment and follow-through in a changing real estate market using the latest technology without minimizing personal counsel,” said Telling. “Parkwood Distinctive Homes deserves the level of attention that we provide to cultivate the roots, growth and needs of the community. We look forward to continuing to work with Parkwood.”
Independently-owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate. In 2016, Keyes listed more than $1 billion in luxury homes priced at $1 million or more.
Keyes is a Founding Member and Shareholder of Leading Real Estate Companies of the World®, a global network of more than 550 premier real estate firms encompassing 4,000 offices and more than 128,000 Sales Associates in 55 countries.
In July 2016, Keyes and Illustrated Properties announced the completion of a merger between the two companies, which continue to operate under their existing brands. Overall, Keyes and Illustrated generate more than $6 billion in annual revenue from their real estate service lines.
Following the merger, Keyes and Illustrated are, together, the largest independently-owned real estate firm in Florida and a Top 25-ranked firm in the entire United States. In Palm Beach County alone, the companies have in excess of 1,100 Sales Associates and produce double the volume of their closest competitor.
Keyes and Illustrated control more than 20 percent of the $1 million-plus market in northern Palm Beach County.
About The Keyes Company: Independently-owned and operated since 1926, The Keyes Company is a leader in the real estate industry. Keyes completed a merger with Illustrated Properties in July 2016. Following the merger, Keyes has 58 offices, more than 3,000 Associates and nearly $6 billion in annual real estate sales and services. Keyes’ offices are distributed throughout six counties – Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, and Volusia. Keyes expands our Associates’ reach globally as a Founding Member and Shareholder of Leading Real Estate Companies of the World®. In addition to our Associates’ expertise, The Keyes Company offers a suite of resources to cover whatever needs arise while buying or selling your home. Your mortgage, title, insurance, and property management needs can all be managed in-house, allowing us to close your deal with speed and efficiency while giving you the opportunity to talk to a real person whenever you have a question.
About Illustrated Properties: The story of Illustrated Properties began in the 1930s, when F.F. “Bud” Adams, Sr. started selling land in Hobe Sound and on Jupiter Island. His son, Bud Jr., took the family business to Palm Beach in 1975 and founded Illustrated Properties. He also became the exclusive broker for Lost Tree Village and John’s Island. Under the leadership of Bud Jr.’s son, F.F. “Chappy” Adams III in the 1980s, Illustrated grew significantly while implementing new and innovative real estate technologies. The company endured a great loss with the passing of Chappy Adams in January 2013 but continued to grow as the #1 real estate brand in Palm Beach County while maintaining the culture of a family-owned business. Today, Illustrated Properties has more than 500 agents in 21 offices throughout Palm Beach, Martin, St. Lucie, Volusia and Collier counties. Illustrated is a Christie’s International Real Estate affiliate and a member of the Leading Real Estate Companies of the World® network.
