A Highland Beach mansion that set a town record when it sold for $40 million in 2022 just changed hands for $50 million, according to a deed recorded May 14 by the Palm Beach County Clerk’s office.
The seller was Nebraska entrepreneur Steve J. Buchanan, who was joined on the document by his wife, Samantha.
In 2021 Steve Buchanan sold, for a reported $580 million, Buchanan Energy and the Bucky’s chain of convenience stores in Nebraska and Illinois to one of its rivals, Casey’s General Stores, according to published reports.
The eight-bedroom estate — with the main house, a one-bedroom guesthouse and a one-bedroom caretaker’s cottage — has 23,625 square feet of living space, inside and out, records show. The land measures nearly 2 acres with 151 feet of direct beachfront and lies about 1½ miles south of Linton Boulevard. The lot is the largest in Highland Beach, an affluent town on the barrier island near Boca Raton and Delray Beach.
A Delaware-registered limited liability company named after the property’s address bought the property, the deed shows. Boca Raton attorney Scott A. Elk is listed as the contact for the buyer on the deed.
Citing a confidentiality agreement, Elk said he could not comment about any aspect of the transaction or the parties involved. No other information about the buyer was immediately available in public records.
Buchanan bought the house a little more than two years ago from businessman Bruce Leeds, who simultaneously downsized to a Palm Beach house he bought for just under $10 million at 218 Phipps Plaza, property records show.
Leeds had owned the Highland Beach property since 2011, property records show. The house was completed in 2014.
With Northern European-inspired architecture, the Highland Beach house was designed by Madey Architects New York and built by Mark Timothy Luxury Homes, according to previous reporting by the Palm Beach Daily News. Among its features, the house has a six-car garage and an oceanfront swimming pool and whirlpool spa near an open-air pavilion.
This article originally appeared on Palm Beach Post: Steve Buchanan sells Highland Beach mansion for $50M
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