T
odd Michael Glaser, a developer and real estate investor, has sold a 1950s-era house on Palm Beach's North End for $11.38 million, nearly doubling his initial investment of $7.9 million made in June. The property at 291 Jamaica Lane was renovated by Glaser and his wife, Kim, who is an interior decorator. The work included replacing the roof, installing new garage doors and impact-resistant windows, and reworking the landscaping.

    The four-bedroom house spans 4,516 square feet of living space, both inside and out, and features a multi-level floorplan that takes into account its unique topography. The property's high elevation, 21 feet above sea level, is due to its position on the North End's coral ridge, making it an attractive feature for buyers concerned about flooding.

    Glaser credited his agent, Patricia Mahaney of Sotheby's International Realty, with bringing him to the property in the first place. Mahaney had listed the house at $12.9 million and was instrumental in its sale. The buyer, represented by Brandon Solomon of Douglas Elliman Real Estate, is a trust managed by Kyle Tracey, a financial planner with SCS Financial.

    Glaser's company has renovated and built several Palm Beach homes over the years, including the $150 million sale of Tarpon Island in 2024. This deal marked his most expensive transaction to date, involving the renovation and expansion of a 1930s-era house on the island.