Buyer of Palm Beach house is linked to Reyes family’s beer-distribution empire

Darrell Hofheinz, Palm Beach Daily News
·4 min read
A renovated four-bedroom, Bermuda-style house has changed hands for a recorded $9.55 million on the North End of Palm Beach.
A renovated four-bedroom, Bermuda-style house has changed hands for a recorded $9.55 million on the North End of Palm Beach.
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A company associated with the Reyes family’s beer-distribution empire has paid $9.55 million for a four-bedroom house on the North End of Palm Beach, according to a deed recorded Nov. 6.

A Delaware-registered limited liability company named Rockefeller Road LLC bought the house at 231 El Dorado Lane, the document shows.

Pubic records link Rockefeller Road LLC to Reyes Holdings LLC, the Rosemont, Illinois-based food-and-beverage distribution company with more than $30 billion in sales and 33,000 employees, according to Forbes and the company website.

Rockefeller Road LLC bought the house from another Delaware-registered entity, Golden Gator Road Holdings LLC., which paid a recorded $4.27 million for the house in June 2020, property records show.

The deed lists Golden Gator Road Holdings address as 250 Royal Palm Way, Suite 305, in Palm Beach. New York attorney Anthony Onorato signed the deed as the seller’s authorized representative.

No other information about the seller was immediately available in public records.

The Bermuda-style house has been extensively remodeled since it was built in 1955. With 3,961 square feet of living space, inside and out, the residence features fine finishes, custom built-in cabinetry, a gas fireplace in the living room and a well-equipped kitchen, according to the sales listing prepared by broker Christian Angle of Christian Angle Real Estate.

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A t 231 El Dorado Lane in Palm Beach, a covered loggia faces the rear lawn and, at the rear, the swimming pool. The property just sold for a recorded $9.55 million.
A t 231 El Dorado Lane in Palm Beach, a covered loggia faces the rear lawn and, at the rear, the swimming pool. The property just sold for a recorded $9.55 million.

Members of the Reyes family have been linked to a number of Palm Beach real estate transactions over the years. But it’s unclear who exactly is behind the entity that bought the house.

Sotheby’s International Realty agents Lisa and John Cregan, represented the buyer, according to the updated sales listing in the multiple listing service. The sale closed Dec. 1, the MLS shows.

Like Angle, the Cregans did not immediately respond to a message seeking comment.

The Cregans represented billionaire David “Duke” K. Reyes and his wife, Pamela A. Perri Reyes, in April when they sold, for a recorded $21 million, a house they owned at 151 Chilean Ave. in Midtown, according to records at the courthouse and in the MLS. The Reyeses are said to have bought a house in the Estate Section.

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Duke Reyes is CEO of Reyes Holdings, the parent of Reyes Beer Division; MB (Martin Bowers), which is billed as the largest McDonald’s distributor in the world; and Reyes Coca-Cola Bottling, which serves the Midwest and the West Coast.

Reyes Holdings was founded by Duke Reyes’ older brothers, Chris and Jude Reyes, who serve as its co-chairmen. Two other brothers, including Palm Beach resident James Reyes, are also involved in the company.

The Reyes’ company in early 2015 bought Gold Coast Beverage Distributors — a beer distributor based in Doral in Miami-Dade County — from Palm Beach resident Stephen Levin.

Just sold for a recorded $9.55 million, a house at 231 El Dorado Lane on the North End of Palm Beach has gated gardens.
Just sold for a recorded $9.55 million, a house at 231 El Dorado Lane on the North End of Palm Beach has gated gardens.

West Palm Beach attorney Paul Krasker signed a 30-year, $7.16-million mortgage with Citibank on the house on El Dorado Lane on behalf of Rockefeller Road LLC.  The mortgage document was recorded simultaneously with the deed.

Illinois-based accountant and wealth manager Ronald J. Spiotta is listed in business records as the manager of Rockerfeller Road LLC.

Palm Beach house on El Dorado Lane has soaring ceilings, fine finishes

Angle’s listed the house in August for $9.75 million. It stands on a midblock lot on the fourth street south of the Palm Beach Country Club.

The sales listing described the open floor plan and its “light and bright” formal living room with soaring ceilings. There are also “stunning solid oak flooring, marble flooring, Porcelinosa bathrooms and Fantini bath fixtures,” the listing said. The layout includes an expansive primary suite, a library and a two-car garage.

The front and rear gated gardens were designed by Nievera Williams Design. The rear of the house features a covered loggia and a pool.

Angle also handled both sides of the 2020 deal when Golden Gator Holdings LLC bought the house from Peter and Irina Dictenberg, courthouse and MLS records show.

In the April sale involving Duke and Pamela Reyes on Chilean Avenue, Compass Florida agent Jonathan Duerr represented the buyer, a land trust.

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Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.

This article originally appeared on Palm Beach Daily News: Buyer of Palm Beach home linked to Reyes family’s beer-and-food empire