Published by The Real Deal South Florida, May 27, 2021
Billionaire Phillip T. Ragon paid $19,950,000 for the Oceanfront Golden Beach home that once belonged to Sammy Sosa. The property’s sale date was recorded on the MLS on May 19, 2021. Ragon and his wife, Susan, bought the house at 667 Ocean Boulevard from Scott Scharg, as trustee of a trust in his name, records show.
The 7,836-square-foot, eight-bedroom, seven-and-a-half-bathroom home has a spiral staircase and a pool, according to the listing. Property records show the oceanfront lot is just over half an Acre. The house was built in 1998.
Phillip “Terry” Ragon is the founder and CEO of InterSystems, a software systems and technology company based in Cambridge, Massachusetts. He founded the company in 1978. Ragon is also a trustee of the Mass General Brigham health system and a trustee of Massachusetts General Hospital, according to InterSystems’ website. Susan Ragon is vice president of finance, administration and recruitment at InterSystems. According to Forbes, Phillip Ragon has a net worth of $2.2 billion.
The Seller, Scharg, is the co-founder of haircare company It’s a 10 HairCare. He bought the home in 2018 for $10.6 million. He then listed the house in November for $20 million.
Retired baseball player Sammy Sosa owned the house from 2013 to 2016. He sold it for $9.2 million in 2016.
Jared Ringel and Lisa Valko of Compass represented the seller, while Eloy Carmenate of The Corcoran Group represented the buyer.
Golden Beach has had several pricey sales this year. This month, a managing member of a real estate firm sold a waterfront home for $14.1 million, and Tommy Hilfiger went under contract to sell his oceanfront home to Grant Cardone for $28 million. Last month, a Mexican businessman paid $17.5 million for an Oceanfront home.
The Town of Golden Beach, Florida has an approximate population of 1,000. Its only properties are Single Family Homes, including direct Oceanfront Homes on the Beach, Waterfront Homes that are located along the Intracoastal and Ocean access Canals, and non-Waterfront Homes.
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