Fred and Lora Jean Drasner buy the Wellington mansion

2714 Sheltingham Drive with Fred and Lora Jean Drasner (Berkshire Hathaway)

Two months after selling their Four Seasons condo in Miami’s Brickell neighborhood, Fred and Lora Jean Drasner head north.

The Miami power couple dropped $5.2million on a 10,577-square-foot mansion in Wellington’s gated Palm Beach Polo and Country Club, records show. The Drasners took out a $3.9 million mortgage with JP Morgan Chase.

Fred Drasner is a former co-owner of the New York Daily News and the Washington football team, formerly known as the Redskins. He was also a former business partner of developer Mort Zuckerman.

Terri D. Kane, trustee of the Kane Living Trust, is the seller of the estate located at 2714 Sheltingham Drive. Kane bought the property for $4.5 million in 2008, records show. The two-story home with six bedrooms and six bathrooms was completed in 1998.

Travis Laas with Engel & Volkers Wellington represented the seller, and Stephanie Passler with Illustrated Properties represented the buyer. According to Zillow, the half-acre property was listed in September last year for $6.4 million. The price has been slashed twice, most recently in June to $5.4 million.

Renovated in 2017, the Drasners’ mansion features a large open floor plan, downstairs master suite with two bathrooms and “his and hers” walk-in closets, office and library overlooking the pool and a loft that can be converted into a second living room or entertainment area, depending on the listing.

The back yard has a new heated salt pool and spa, dining and entertaining areas, summer kitchen and separate bathroom.

In August, the Drasners sold their three combined units on the 54th floor of the Four Seasons condo-hotel at 1425 and 1435 Brickell Avenue to Miami attorney Stephen Zack and his wife for $8.1 million, records show.

Four Seasons condos had been listed multiple times over the past nine years, according to Zillow, for as high as $27 million.

Wellington is considered the winter riding capital of the world and has been the seasonal playground for the families of billionaires such as Bill Gates, Michael Bloomberg and the late Steve Jobs, as well as celebrities Billy Joel and Bruce Springsteen.

Among recent deals in Wellington, developer Glenn Straub paid $9 million for a 15,000 square foot mansion, and wealth manager Ruediger “Rudy” Adolf bought an equestrian estate for $13.5 million.

Comments are closed.