Former Avis Chairman and CEO Joseph Vittoria and wife Luciana Vittoria sold their waterfront mansion in Palm Beach for $22.43 million.

The 16,067-square-foot home, at 1616 S. Ocean Blvd., was sold to Trust No. 1616SOB. It’s not clear who owns the trust.

The price equated to $1,396 a square foot. It last traded for $5.75 million in 1996.

The home was built on the 1.88-acre site, which stretches from the beach to the Intracoastal Waterway, in 1973. It features 11 bedrooms, 14 bathrooms, four half-bathrooms,…

Source: http://feeds.bizjournals.com/industry_21

Leave a Reply

Your email address will not be published. Required fields are marked *