European Buyers Acquire Malasky’s $43.7 Million Palm Beach Mansion

In a big sale showing how much people love fancy houses in Palm Beach, developer Bruce Malasky sold a mansion for a whopping $43.7 million. The house isn’t by the water, but it’s still super fancy.

The house, at 205 Via Tortuga, was bought by the Mijko Trust, which is represented by lawyer Sharon Trulock. We don’t know who exactly bought it, but we do know they’re from Europe. This adds to the idea that Palm Beach is popular with rich people from all over the world.

Why People Love New Houses in Palm Beach

This sale shows that people want new houses in Palm Beach. The buyers had been looking for a Palm Beach house for a while, and they wanted a new one in a fancy area.

European Buyers Acquire Malasky's $43.7 Million Palm Beach Mansion
Palm Beach mansion sold for $43.7 million to European buyers, showcasing the global elite’s interest.

Bruce Malasky understood this and bought the land at 205 Via Tortuga for $9.4 million in 2020. He finished building the 11,000-square-foot mansion earlier this year.

The house has seven bedrooms, nine bathrooms, two half-bathrooms, a pool, and a guest house. It’s super luxurious and exclusive, just like many other homes in Palm Beach.

Deals Are Taking Longer, But This One Went Through

Palm Beach’s real estate market has been slow lately, with deals taking longer than usual. But even so, the sale of the Via Tortuga mansion, which was first listed for $48 million, shows that big sales are still happening.

Recent big sales include Tarpon Island for $187.5 million, reflecting ongoing interest in Palm Beach. (Credits: New York Post)

Other recent big sales include Tarpon Island, which sold for $187.5 million, and a piece of oceanfront land sold by Ideavillage founder and CEO Anand Khubani for $85 million. These sales show that billionaires and other rich people are still interested in buying fancy properties in Palm Beach.

Why Palm Beach Attracts the World’s Rich

Palm Beach isn’t just popular because of its fancy houses. It’s also popular because of the lifestyle and exclusivity it offers.

The fact that European buyers bought the Via Tortuga mansion to use as a vacation home shows that Palm Beach attracts rich people from all over the world. Developers like Malasky make it easier for rich people to find the perfect home by building high-end, new houses.

Jeremy Stewart, who helped the buyers find the mansion, says these deals are about more than just buying a house. They’re about finding a home that matches the buyers’ dreams and lifestyle.

Sajda Parveen
Sajda Parveen
Sajda Praveen is a market expert. She has over 6 years of experience in the field and she shares her expertise with readers. You can reach out to her at [email protected]
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