W. Allan Jones Returns His Waterfront Home in Palm Beach for $ 42 Million
UPDATE, May 7 at 9:50 am: Payday lender W. Allan Jones returned his Palm Beach waterfront home for $ 41.7 million, four months after he bought it for $ 26.1 million.
Jones Lakeland LLC, a Tennessee corporation run by Jones, sold the 320 Island Road property to PB Island Dreams LLC, a Delaware corporation. The purchasing entity is entrusted to the New York law firm Kleinberg, Kaplan, Wolff & Cohen.
Jones is the founder and CEO of Check it Into Cash, a national short-term loan company he founded in Cleveland, Tennessee in 1993. Check it Into Cash has more than 650 stores nationwide, according to his website .
In January, Jones bought the home from a member of the Berwind family for $ 26.1 million. The original asking price in 2019 was $ 37.5 million.
Jones listed it in February with Suzanne Frisbie of Premier Estate Properties with an asking price of $ 45 million. Frisbie could not be reached for comment. Dana Koch and Paulette Koch of The Corcoran Group represented the buyer.
Records show the 7,526-square-foot home has five bedrooms, six full bathrooms, and two half-baths. The property also has a gym, five-car garage, swimming pool, and 232 feet of intracoastal frontage with a dock and boat lift, according to the listing.
Before toppling that Palm Beach home, Jones sold a 5,826 square foot home, also in Palm Beach, for $ 26.7 million.
palm beach has been extremely active this year. Last month, builder Todd Michael Glaser bought a home to renovate for $ 16.4 million, and a Mexican construction contractor sold a mansion for $ 23 million.