Glazers sell landmarked home on Middle Road for $12.6M

Avram Avie Glazer and his wife, Jill, have sold their landmarked house at 5 Middle Road in the Estate Section for a recorded $12.6 million, according to a deed recorded Thursday.

Mary Jordan and Thomas A. Saunders III of New York bought the four-bedroom, Colonial Revival-style house. Hes a philanthropist and investment banker who spent much of his career at Morgan Stanley before starting his own private investment firm. He also is chairman of The Heritage Foundation think tank in Washington, D.C.

The Glazers paid $7.4 million for the house in 2004 and carried out a major restoration, property records show.

Avie Glazer son of the late billionaire businessman Malcolm Glazer is part of the family that holds controlling stakes in the Tampa Bay Buccaneers football franchise and Englands Manchester United soccer team. Several Glazer family members have bought and sold property on the island, including Malcolm Glazer, who with his wife, Linda, were longtime residents of South Ocean Boulevard when he died May 28.

Designed by noted society architect Marion Sims Wyeth in 1935, the house on Middle Road had been listed for sale at $15 million in January by broker Lawrence Moens of Lawrence A. Moens Associates.

Agent Cristina Condon of Sothebys International Realty acted on behalf of the buyers. She declined to comment, and Moens is on vacation and couldnt be reached.

Thorough restoration

With 13,696 square feet of living space, inside and out, the house stands on a lushly landscaped lot measuring nearly an acre at the corner of Gulfstream and Middle roads, two blocks south of Worth Avenue. Several of the rooms overlook a secluded pool area, according to Moens sales listing.

We are absolutely thrilled to come to Palm Beach, Jordan Saunders said, speaking from her home in Locust Valley, N.Y. I walked into the door of that house, and my heart melted. It is such a gem.

The houses original owner was Joseph M. Cudahy, president of Sinclair Refining Co., who, with his family, used it on vacations from their home in Chicago. Wyeth adorned the facade with quoins at the corners, bay windows and a traditionally styled front porch. The town granted the house landmark-protection status in 1990.

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Glazers sell landmarked home on Middle Road for $12.6M