A $72 Million Palm Beach Home Sale Is One of the Year’s First Major Deals
British investor Pamela Starret listed the waterfront home for $95 million in 2024.
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THE DEAL : In one of the first major home sales of 2026, a waterfront property in Palm Beach, Fla., has sold for US$72 million (approx $102 million AUD). The buyer wasn’t disclosed. undefined
THE SELLER : Pamela W. Starret, a British investor in the mining and energy industries, had owned the property since 2018, when she bought it for $21.355 million. Starret, who started wintering in Florida in the 1990s, spent about $25 million gut-renovating the house. She listed it for $95 million in 2024. Starret didn’t respond to requests for comment.
THE NEIGHBOURHOOD : On the Intracoastal Waterway on the North End of Palm Beach island, the property is next to a home owned by actor Sylvester Stallone.
THE SPECS : Originally built in 2005, the Neoclassical house measures roughly 16,000 square feet with six bedrooms. The roughly 1-acre property also has a $2 million travertine pool and cabana.
THE MARKET : There were a number of high-priced deals leading up to the New Year in Palm Beach, where the median sale price for luxury homes was $17.2 million in 2025’s third quarter, according to Miller Samuel.
In December, chewing-gum heir William Wrigley Jr., sold a North Palm Beach compound for $97.5 million , while a property a few doors down from Starret’s traded for around $66.1 million, property records show.
“We have had a pretty incredible flurry in the last couple of months,” said Gary Pohrer of Serhant, who had the listing with Ryan Serhant.
Margit Brandt of Premier Estate Properties represented the buyer.
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Mirvac’s 45-level Trielle has topped out at Yarra’s Edge, pairing riverfront apartments with wellness facilities, private dining and resident services.
3 min
Mirvac has topped out Trielle at Melbourne’s Yarra’s Edge, with more than 70 per cent of the riverfront development sold and approximately 80 per cent of purchasers intending to make their apartment a home.
The figures, released on September 22, point to an owner-occupier audience for one of the precinct’s final residential towers. Mirvac began developing Yarra’s Edge in 2003, and its latest addition occupies one of the remaining absolute riverfront sites.
Mirvac CEO of Development Stuart Penklis said existing residents were among those moving up within the neighbourhood.
“Many purchasers already have a connection to Yarra’s Edge,” Mr Penklis said, describing buyers whose changing needs were encouraging an upgrade within the precinct.
“As one of the final residential towers within Yarra’s Edge, Trielle represents the culmination of more than two decades of creating one of Melbourne’s most established and sought-after waterfront communities,” Penklis said.
“Positioned on the Collins Street axis with absolute river frontage, Trielle offers residents a rare opportunity to enjoy sweeping views across the Yarra River, Melbourne skyline and Port Phillip Bay, while remaining seamlessly connected to the CBD. With Trielle now more than 70 per cent sold, we’re continuing to see strong demand from buyers seeking quality homes in established locations.”
The developer also flagged a penthouse and sub-penthouse collection with larger layouts, premium finishes and broad outlooks. The planned wellness centrepiece, The Oasis, encompasses a 900-square-metre elevated urban rainforest.
Mirvac General Manager Residential Development Victoria Elysa Anderson said Trielle had resonated strongly with buyers seeking a rare lifestyle offering in Melbourne.
“Opportunities to secure a new luxury residence on a riverfront site of this calibre are incredibly rare, particularly within a community like Yarra’s Edge,” Anderson said.
“What makes Trielle unique is the combination of exceptional views, world-class residential facilities and the lifestyle that already exists around it. Residents are buying into a mature waterfront community with parks, promenades, dining, wellness and strong community connections already in place.”
The 45-level tower brings a substantial new presence to that waterfront. Its residential offering spans one-, two-, three- and four-bedroom apartments, with Signature, Prestige and Sub-Penthouse collections accommodating different household sizes. The north-facing position connects the apartments visually to the river and city beyond.
Seven storeys above the promenade, the planned Oasis combines planting and a running stream with a Scandinavian-inspired wellness club developed with spa specialist Naomi Gregory. Facilities include a 25-metre lap pool, hot magnesium pool, sauna, hydrotherapy, a gym, yoga and Pilates room, and treatment spaces.
The amenity extends beyond exercise. Residents will have access to The Biblioteca library and workspaces, ground-floor work pods, and The Salone piano lounge. A private Chef’s Table dining room offers a setting for larger gatherings, while a cinema, games room and sports lounge broaden the entertaining options. Concierge services and a dog-wash area support everyday routines.
Trielle comprises a collection of one, two, three and four-bedroom residences. Reflecting strong demand from owner occupiers, approximately 80 per cent of purchasers to date intend to live in their homes, highlighting the project’s appeal to those seeking a long-term waterfront lifestyle.
Mirvac has recently delivered The Albertine, a premium apartment development on the edge of Melbourne’s CBD, and is nearing completion of Prince & Parade in Brunswick, further strengthening its portfolio of thoughtfully designed apartment communities in some of Melbourne’s most sought-after urban locations.
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