Beyond the Hedges: Also on the North End
Bought new in 1997 and then customized by the late Barbara Rackoff, her Bermuda-style home at 233 Miraflores Drive has sold for a recorded $4.25 million. Rackoff owned the house until her death last August at 90.
When she bought it, the three-bedroom house was being built on speculation. With 4,366 total square feet, it stands on a street about a mile north of Royal Poinciana Way.
The new owner has Texas roots. CAD Properties LP is a limited partnership with an address at a post-office box in Wichita Falls, Texas. Business records show Carol Dillard Crenshaw is the registered agent of the company that serves as the limited partnership’s general partner. She also is the sister of Texas businessman Jeffrey R. Dillard, who uses the same P.O. box for his company, Cobra Oil and Gas Corp. Property records also list that P.O. box as the mailing address for his home in Fort Worth. In addition, Richard W. Haskin, Cobra’s chief financial officer, serves as secretary of the general partner of CAD Properties LP.
Agent Patricia Mahaney of Sotheby’s International Realty acted on the buyer’s side of the sale, which was recorded March 15. The property was co-listed at just under $5 million in late December by agents Jean Ellen Heron and Paula Wittmann of The Fite Group. Mahaney declined to comment about the sale, and Heron and Wittmann couldn’t be reached.
The home’s floor plan has the public rooms at the core of the house, with the master suite in one wing and guest bedrooms in the other wing. The design served Rackoff well when she hosted her children and grandchildren, according to her son, Bill Rackoff, who was interviewed for a January Shiny Sheet article about the house.
“It lends itself to families being together, giving everyone private spaces,” he told the newspaper.
The listing agents touted the home’s new impact resistant doors and windows, as well as its roof, which was replaced about two years ago. The lot measures about a third of an acre.
Rackoff and her late husband, S. Raymond Rackoff, lived for years in Pittsburgh, where he worked for the business founded by her father, American Shear Knife Co., today known as ASKO Inc. It remains a family business run by her sons and grandson.
The Rackoffs had owned a home in Palm Beach since the 1970s. After her husband’s death in 1996, Barbara Rackoff bought the Miraflores Drive house and commissioned New York designer Geoffrey Bradfield to help her with the interiors. “She was stylish with incredible taste,” her son said.
View entire article on the Palm Beach Daily News website.