Award-winning South End home brings $16.25M

Seascape an oceanfront house that won its architect the Preservation Foundation of Palm Beachs 2011 Schuler Award has sold for $16.25 million, the price recorded with the deed.

Bryan Cressey and his wife, Christina, bought the South End house, which was built in 2010 at 2315 S. Ocean Blvd., according to documents recorded Wednesday by the Palm Beach County Clerks office. The British Colonial-style residence has five bedrooms and 21,148 square feet of living space, inside and out.

Bryan Cressey heads Cressey & Co., a private-equity firm with offices in Chicago and Nashville, Tenn., that specializes in health-care investments. He and his wife, known as Christy, live in Barrington Hills outside Chicago and own no other property in the Palm Beach County in their names, records show.

Seller Donna Ward is an interior decorator and art historian who oversaw the construction and furnishing of the two-story house. She has supervised the construction and renovation of a number of homes she has shared with her husband, international investment banker Rodney Ward. Their primary residence is in London.

The property was listed for sale in November at $22.5 million by broker Lawrence Moens of Lawrence A. Moens Associates. Neither he nor Ward could be reached for comment.

The house stands on a narrow lot measuring 1.8 acres, a bit north of the Par 3 Golf Course. The property was once the site of the Sea Lord Hotel.

The Cresseys were familiar with the house before they bought it. We used it for the winter, and when Donna Ward decided to sell it, we decided to buy, said Bryan Cressey, who spends some of the winter season riding in Wellington, where the couple stables horses.

The setting is enchanting, he added. We found the home just captivatingly beautiful.

Wonderful for parties

Architect Daniel Kahan of Smith and Moore Architects designed the house in close collaboration with Donna Ward. Three years ago, he was presented with the Elizabeth L. and John H. Schuler Award from the Preservation Foundation of Palm Beach for the design. The annual award recognizes excellence in new construction projects that reflect the towns architectural character, according to the foundation.

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Award-winning South End home brings $16.25M