realestate

Palm Beach Mansion Sells for $63M to Heir of Food Executive

Goya Foods Heir Andrew Unanue Revealed as Buyer of $63.4M Lakefront Estate.

G
oya Foods heir Andrew Unanue has been revealed as the buyer of a $63.4 million lakefront estate in Palm Beach, more than a year after the deal closed. The property, located at 854 South County Road, is one of Palm Beach's most expensive homes and was previously owned by spec developer Todd Glaser and his partners. Unanue purchased the 2-acre compound from them in May last year.

    Unanue is seeking approval for modifications to the estate, including an additional guest house, hardscape, landscape, driveway, and gazebo. The property, built in 1936 by renowned architect Howard Major, spans 218 feet of waterfront and features a dock, pool, putting green, and guest house. The 10,200-square-foot mansion has nine bedrooms, eight bathrooms, and three half-bathrooms.

    The estate was previously listed for $79 million after Glaser bought it for $53 million in 2022. Unanue's purchase is part of a wave of trophy sales fueling the ultra-luxury market in Palm Beach. As the grandson of Goya Foods founders, Andrew Unanue has a significant net worth, estimated at over $1 billion by Forbes in 2014.

    Unanue isn't solely invested in his family's business; he left Goya in the early 2000s to establish AUA Private Equity Partners in West Palm Beach. This is not his first purchase in Palm Beach, as he bought a house for $11.3 million in 2020 and flipped it for $17.8 million six months later.

Palm Beach mansion sold to heir of food executive for $63 million.