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| By Augustus Mayhew In 1979 the Shah of Iran’s overthrow sparked a mini-boom for the Beverly Hills real estate market, and thirty years later, Pari-Sima Pahlavi, fka Mrs. Doreez (Peri) Dolats, nee Pari Sima Zand, is doing what she can to keep the Palm Beach market afloat, shelling out $2.5 million for her latest apartment at the Palm Beach Biltmore, according to court papers filed December 31st. Pahlavi bought a 7th-floor, 1,800-square-foot, 3-and-3 from Deena Freeman, aka Deena Morgan, who had paid $1.45 million for the unit in 2003. While some Pahlavi royals have their Vuitton Pegase packed and ready-to-roll back to the family’s imperial marble palace in Tehran, Mrs. Pahlavi previously deeded her 3,000-square-foot Biltmore penthouse into a trust for heirs, HIHs Kamyar and Sarvenaz Pahlavi, children from her marriage to the late HIH Prince Abdul Reza Pahlavi. The island of Palm Beach has always been a sanctuary for ex-intelligence officers, their OSS Society’s member directory sometimes placed on a coffee table or nightstand stacked atop the Social Register, and none more powerful than the late controversial CIA director, William Joseph Casey, who was among “Wild Bill” Donovan’s most devoted loyalists. |
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| Step inside the Casey’s beach house at 1240 North Ocean Boulevard and in a flash you sense an aura that the owners might be napping in the next room, even though Mr. Casey, a one-time SEC chairman and Reagan campaign manager, died more than twenty years ago, and his wife, Sophia, passed away in 2000. And after more than a year on the market, Corcoran associates Elizabeth Cleckner and John Pangborn have yet to find a buyer, did they call Jack Bauer, willing to write the $9.8 million check for the 10,000-square-foot stucco-and-barrel tile Mediterranean montage sunk into potentially two lots plus a beach cabana on a smaller oceanfront lot across the street. What Camp Casey lacks in glamorous interiors and architectural grandeur, it more than makes up for with a private beach, picturesque views and an if-these-walls-could-talk allure, much like the fascination with the old Joe Kennedy house several blocks to the south. While Corcoran’s web site offers a proficient Realtor’s tour, more adventuresome readers are invited to what might be a last look before the Cushing Demolition truck arrives, a more unconventional browse by a writer still struggling with a correspondence course from the prestigious Edith Wharton School of Business. |
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| A driveway sign posted at the entrance to 1240 North Ocean Blvd. | A bronze bust of William J. Casey perched on a library shelf. |
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| A painted concrete Virgin Mary statue with a candle is planted facing the porch on the north lawn. | In the kitchen a tea kettle awaits on the back burner of a museum-vintage stainless-steel gas range-oven. |
| In 1977 the Caseys purchased 1240 North Ocean Blvd. from Granville Morse, shuttling between Mayknoll, their Long Island compound, and Palm Beach. Days before William Casey was scheduled to testify at televised hearings about his role in the Iran-Contra affair, he was diagnosed with a brain tumor; shortly thereafter, he died, leaving history to Lt. Col. Oliver North and Bob Woodward. And while, the timing of Casey’s demise is often the subject of speculation, it has never reached the air-thin level of the Kennedy assassinations. |
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The author of Die Rich and Tax Free!, financial shaman, Barry Kaye, may have decided being alive and rich is better, as he and his wife, Carole, have placed their 5th-floor Watermark condo on the market with Sotheby’s at $6.7 million, having acquired it for $3.85 million in August 2006.
The Tollmans may have reached the final gavel of United States vs. Stanley S. Tollman, Criminal Docket No. S7 02-441. Travel magnate Stanley Tollman’s eight-page plea deal/Christmas present from the US Attorney was accepted by a federal judge during the holidays, with the US Attorney dropping all charges against his wife, Beatrice Nina Tollman, Stan Tollman pleading guilty to one count of bank fraud and only having to cough up $105 million in restitution to the IRS, $60 million payable within thirty days and the remainder over five years, secured by mortgages on Southwood, the Palm Beach house ($25 million), the New Preston, Conn., farm ($20 million) and the 485 Park Avenue apartment ($10 million). NYSD readers may want to jot down the name Colin Passmore at Simmons and Simmons, Mrs. Tollman’s London attorney who successfully fought her extradition for six years. |
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| Upon completion, the locally-designated historic house at 710 South Ocean will feature a new two-story addition along the east elevation, a loggia to the north with a second-story addition above the loggia, a terrace along the ocean side of the house, a two-story pool pavilion, another terrace on the afternoon side of the house, a three-car garage, a set of monumental stairs, new pool and spa and additional chimneys on the East and North elevations. The new owner is also rebuilding a previously demolished music room. Wachovia Bank has an outstanding loan on the property for $16.8 million, according to court documents. |
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| Veteran island builder-developer Michael Burrows, Harvard Business School’52, is usually receptive to sharing his expertise. I called him because I knew Ruth and Bernie Madoff bought one of his design-build houses on North Lake Way, and I thought, since he might be one of the only people who ever made money from Bernie Madoff, legally, he might fill me in on dealing with the Madoffs. “I can’t talk,” he said, “My son, Peter Burrows, is an editor at BusinessWeek and he’s in town working on a Madoff story. And, here I thought my legacy would be that Rush Limbaugh bought one of my houses,” he added. I assured Mike that reporters from Maui to Mumbai were already doing Madoff-PB stories, but alas, all he told me was a writer’s ultimate dead end, “Larry Moens represented me.” Mr. Moens, Palm Beach’s most prodigious broker, has he ever talked about any of his clients? |
| Photographs by Augustus Mayhew | Click here [1] for NYSD Contents |

















