Jimmy Buffett’s Real Estate Legacy Includes Luxury Homes
Musician Jimmy Buffett’s easy-going music that exalted the Key West lifestyle led to him amassing a $1 billion net worth, according to Forbes.
And while his ascendency to wealth was atypical, his real estate holdings were a bit more conventional.
Buffett — who died Sept. 1 at 76 due to complications from a rare form of skin cancer — owned homes in Palm Beach, Florida, and another in Sag Harbor, New York. He also had an estate in St. Barts, according to Barrons.
Palm Beach, Florida
Buffett recorded some of the most iconic songs extolling the virtues of Key West, including “Margaritaville,” but Palm Beach was a part-time home for a long while.
The singer and business mogul, along with his wife, Janem sold their home at 309 Garden Road for $6.9 million to Warren B. and Allison Kanders, property records show.
The “Cheeseburger in Paradise” singer-songwriter put his house on the market in October for $7.6 million with Denise Hanley of Denise A. Hanley, Inc.
Buffett paid nearly $5 million for the three-bedroom, 4,783-square-foot home in 2011. The non-waterfront Palm Beach home, with a pool, was built in 2003.
It’s not the only home Buffett owned in Palm Beach. Buffett also lived at 540 South Ocean Boulevard, which, along with two other properties, was sold in 2014 by billionaire philanthropist Jon Stryker to companies tied to an English luxury home-building firm for $43 million.
Stryker purchased 540 South Ocean from Buffett and his wife Jane in 2010.
Sag Harbor, New York
Buffett owned a five-bedroom, six-bathroom, 5,300-square-foot home in Suffolk County, according to Trulia. It’s where he spent his final days, according to multiple sources.
Latitude Margaritaville Retirement Villages
These 55+ communities are inspired by Buffett’s music and lifestyle — namely food and escapism — in Florida. The cottages and homes start in the $300,000+ range, according to the website.
Margaritaville Hospitality
Buffett built much of his wealth on his business holdings, one of which was his Margaritaville hospitality company called Margaritaville Holdings LLC, which has locations in the U.S., Canada and Caribbean, including in South Florida. The hotel chain has dozens of locations nationwide.
In July it was announced that a Margaritaville-branded hotel could anchor a proposed waterfront mixed-use project in Riviera Beach’s Marina Village.
The project’s master developer, Atlanta-based APD Solutions, is partnering with singer-turned-hotelier Jimmy Buffett to add a five-story building with 150 rooms and an 875-space parking garage to anchor the proposed mixed-use site, which also entails 225,000 square feet of retail and restaurant space.
Vaughn Irons, APD’s CEO, unveiled his development team’s plan last month during a meeting of the Riviera Beach Community Redevelopment Agency, which owns the sprawling 90-acre redevelopment site known as Marina Village. The partnership also includes Sonnenblick Development, based in Pacific Palisades, California.
