About five months after a luxury townhouse in Midtown Palm Beach sold for a recorded $16.5 million, the residence has changed hands again — but at a $500,000 discount.
Crystal Crosby Lahners just sold the four-bedroom townhome at 220 Brazilian Ave. for $16 million, acting as trustee of a revocable trust in her name, according to the deed recorded Oct. 3. The townhome is part of a duplex near the Town Hall historic district.
Lahners had used her trust to buy the townhouse in a sale that closed in mid-April. That sale marked the biggest-dollar townhouse transaction recorded last season. The townhome previously had changed hands in 2023 for a recorded $14.35 million.
A Georgia-registered limited liability company, 220 Brazilian LLC, is on the buyer’s side, the deed shows. The company’s Atlanta mailing address matches that of RCG Ventures, a company founded by Michael Klump, who also serves as its chairman. The business buys and develops commercial real estate — with a focus on shopping centers — in the United States, according to its website. Klump leads the company’s “investment and capital markets activities,” the site says.
Klump also founded and is chairman of Argonne Capital Group, a private equity firm with the same mailing address as RCG Ventures. Business records show that in the sale of the Palm Beach townhouse, the registered agent of the buying entity, 220 Brazilian LLC, is Patrick Anderson, a senior vice president at Argonne Capital Group.
On the west side of the duplex, the townhome that just changed hands has 5,435 square feet of living space, inside and out, and shares a wall with an identical unit next door. Completed in 2022, the building stands on a lot measuring about four-tenths of an acre and is the second property west of South County Road.
Lahners put the townhouse on the market in May, just a few days after she bought it. Lahners told the Palm Beach Daily News this summer that her plans had changed during the months-long closing process that led to her taking possession of the townhome in April.
“I saw it in October and put an offer in that was accepted, but with a late closing,” Lahners told the Daily News in a July article about the house being on the market. “I’m figuring out my next chapter,” she said.
With ties to the Sarasota area, Lahners was married for 21 years to the late Dr. William J. Lahners, an eye surgeon who died in December 2021, his obituary shows. He was a partner and medical director of Center for Sight, which has five locations in Sarasota and its vicinity, according to company’s website. The Center for Sight had changed hands in 2019, according to published reports.
Agent Gary Pohrer of Serhant represented the buyer in the townhouse sale that closed Sept. 29, according to the multiple listing service.
Douglas Elliman Real Estate agent Chris Leavitt and Brown Harris Stevens agent Ashley Copeland had co-listed the townhouse for Lahners at $16.95 million, according to the multiple listing service. They landed it under contract in mid August.
The three agents involved in the sale declined to comment for this story.
In the April sale, Leavitt had acted on behalf of the townhouse’s then-seller, Canadian financier Steven K. Hudson, who had owned the residence since September 2023. Copeland handled the buyer’s side of the April sale.
The townhouse has fine finishes, an outdoor loggia, a summer kitchen and a private pool with a whirlpool spa, according to the sales listing. Both townhouses in the gated development have private two-car garages.
The interiors feature hardwood and shell-stone floors and a custom-outfitted Downsview kitchen with Sub-Zero and Wolf appliances. The great room accesses the pool-view covered loggia, which is equipped with a summer kitchen. A cabana bathroom is adjacent to an outdoor shower.
“When I first saw it, the townhouse felt so welcoming. It has a lot of light and views to several garden areas,” Lahners told the Daily News in July.
In addition to an elevator, a floating staircase accesses the second floor, where the primary suite has a “morning bar,” two bathrooms and a terrace overlooking the pool. The upper level also has three guest suites with en-suite bathrooms.
Architect Patrick Ryan O’Connell designed the townhouse duplex, which was completed in 2022. The project was built by billionaire real estate investor Richard J. Kurtz, a longtime resident who heads The Kamson Corp.
Lahners in February listed her waterfront home on Midnight Pass Road in Sarasota for $31.5 million, a price later dropped to $29.995 million, the MLS shows. The listing dropped out of the MLS Sept. 10.
dhofheinz@pbdailynews.com
Portions of this story appeared previously in the Palm Beach Daily News.
(This story was updated to include new information.)
This is a developing story. Check back for any updates.
Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “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. Support our journalism. Subscribe today.
This article originally appeared on Palm Beach Daily News: Palm Beach townhouse fetches $16 million after selling in April for $16.5 million
Reporting by Darrell Hofheinz, Palm Beach Daily News / Palm Beach Daily News
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