A 1960s-era house that sold in 2022 after an extensive renovation has changed hands privately for a recorded $11 million on the North End of Palm Beach .
The Palm Beach Daily News is the first media outlet to report the sale.
Four limited liability companies — including three registered in Louisiana — bought the four-bedroom house at 755 N. Lake Way as “tenants in common,” according to the deed r ecorded Aug. 1. Of those ownership entities, the one with the largest ownership stake is managed by New Orleans businessman and parking tycoon Wayne C. Ducote, business records show.
Ducote and his son David Ducote control the other two Louisiana-based ownership companies involved in the purchase. The fourth limited liability company is registered in Delaware, where strict corporate privacy laws cloak the identity of anyone associated with its ownership.
Wayne Ducote co-owns New Orleans-based Park First, which provides management, leasing and consulting services to the parking industry, according to its website . He also is involved in real estate and hospitality investments. His son, who has a background in banking and investments, is chairman of Park First, which also has offices in Texas and Alabama.