Financier and real estate investor Steven K. Hudson has flipped — for $21.75 million — a house he bought in December for $19 million in Midtown Palm Beach. That’s a gain of about $2.75 million in less than three months.
Hudson sold the never-occupied house at 433 Antigua Lane to Cooper Sun LLC, a Michigan limited liability company, according to the deed recorded March 23.
The buying entity has a mailing address in care of a post office box in Grand Rapids. That address is linked in property records to Greenville Partners, which provides investment-management and other professional services to investors, investment entities and private foundations. But it’s unclear from property records whether Greenville Partners is otherwise associated with the sale.
The house was completed at the end of 2024 by the late Palm Beach businessman and real estate investor Malcolm “Mal” McCluskey and his widow, Angela. She sold it with three of her family members to Hudson, records show.
The five-bedroom house has 6,197 square feet of living space, inside and out. One property east of the Intracoastal, the residence stands on a lot of about two-fifths of an acre. The block-long cul-de-sac lies a quarter mile north of Royal Palm Way.
The irregularly shaped house has a ground-floor layout that includes a living room, dining room, family room and a breakfast area for the kitchen.
Among the home’s other features are a first-floor primary suite, high-end interior finishes and floors of planked oak and marble, according to sales listings. French doors and an open-air loggia with a terrace above it overlook the rear patio, pool and whirlpool spa.
A private alleyway provides access to the three-car garage, which has a guest apartment above it.
Jennifer Hyland of the Corcoran Group was on the buyer’s end of the transaction, according to the multiple listing service.
Agent Casey Flannery of Equestrian Sotheby’s International Realty said the sales contract for the transaction shows she was also involved on the buyer’s side. She declined further comment.
Agent Chris Leavitt of Douglas Elliman Real Estate acted for the seller, just as he has in other Palm Beach real estate transactions in Palm Beach.
Leavitt listed the house for sale at $23.96 million in early January, and the sale closed March 19, the MLS shows.
Hudson is CEO of ECN Capital, a Toronto-headquartered company that provides “prime credit portfolios” to more than 90 U.S. financial institutions, according to its website. The company specializes in offering business services to North American-based partners, including institutional investors, insurance companies, pension plans, banks and credit unions. The company’s U.S. office is in West Palm Beach.
The Antigua Lane deed of sale lists Hudson with a mailing address in care of Jack Schneider at ECN Capital’s West Palm Beach location.
Architect Patrick O’Connell of Patrick Ryan O’Connell Architect designed the two-story house, which he described as having Bermudian style architecture with Old Florida influences in the roof lines, material choices and details.
The house was built by contractor Rene Alonso of Alonso & Associates. Landscape architect Don Skowron of BHS Landscape Architecture & Engineering designed the grounds.
When Hudson bought the house in December, he was represented by Leavitt, who negotiated opposite Corcoran Group agent Bill Yahn.
Yahn had put the house on the market in January 2025 with a price of just under $24 million, which was later dropped to $21.5 million. The listing left the MLS in early June 2025.
The McCluskeys had planned the house as a custom home for themselves but those plans changed after Mal McCluskey’s death on May 20 at age 83, according to people familiar with the 2025 transaction. The couple had built and sold other Palm Beach houses, property records show.
Before Hudson’s purchase of the house, his most recent real estate deal in Palm Beach was his sale, for $16.5 million in April 2025, of a four-bedroom townhouse he had owned since September 2023 at 220 Brazilian Avenue in Midtown. The buyer in that deal, Crystal Crosby Lahners, ended up selling the townhouse for $16 million in late September.
In early 2023, Hudson sold, for $26.66 million, a new oceanfront townhouse in a quadplex at 466 S. Ocean Blvd. He had owned that townhouse for about six months, having bought it for a recorded $25.58 million from its developer, Frisbie Group.
Leavitt acted on Hudson’s behalf when he purchased and sold both townhouses. When Hudson bought the Brazilian Avenue townhouse for $14.35 million, Leavitt did double duty as the listing agent.
When Hudson parted with the Brazilian Avenue townhouse, agent Ashley Copeland of Brown Harris Stevens handled the buyer’s side of the sale. And when Lahners sold the same townhouse in September, Leavitt and Copeland represented her, with agent Gary Pohrer of Serhant acting for the buyer, a Georgia-registered limited liability company linked to Michael Klump of RCG Ventures.
In 2022, when Hudson bought the townhouse on South Ocean Boulevard, agent Suzanne Frisbie of the Corcoran Group was the listing agent. When Hudson sold it, agents Kevin Condon and Cristina Condon of Sotheby’s International Realty handled the buyer’s side.
The same month that Hudson bought the townhouse on South Ocean Boulevard, a company he controlled sold a single-family house at 134 Casa Bendita for a recorded $20.83 million. Leavitt acted on Hudson’s behalf in that deal, with Douglas Elliman agent Vince Spadea Jr. representing the buyer.
(This story was updated to add new information.)
Portions of this story appeared previously in the Palm Beach Daily News.
Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz.
This article originally appeared on Palm Beach Daily News: Financier flips never-occupied house for $21.75 million in Palm Beach
Reporting by Darrell Hofheinz, Palm Beach Daily News / Palm Beach Daily News
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