Former Home Shopping Network CEO’s firm sells Palm Beach mansion for $36M

Former Home Shopping Network CEO’s firm sells Palm Beach mansion for $36M

A Palm Beach mansion that was awarded for its environmental sustainability sold for $35.75 million.

The 10,175-square-foot home at 241 Jungle Road was sold by 241 Jungle Road 2 LLC, managed by Kenn Karakul and former Home Shopping Network CEO James G. Held .

The buyer was RH Real Estate Organization LLC, a New York-based company managed by attorney M. Timothy Hanlon . JPMorgan Chase Bank provided a $21.45 million mortgage to the buyer.

The off-market deal equated to $3,514 per square foot.

It was built on the 0.96-acre landlocked site in 2016. This is the first time the home has sold.

The home has five bedrooms, five bathrooms, four half-bathrooms, a pool, a library, fountain, and solar panels.

According to a 2019 story by the Palm Beach Daily News , the Preservation Foundation of Palm Beach awarded the home’s architect, Daniel Kahan of Smith and Moore Architects in West Palm Beach, for excellence in new architecture. The home’s 230 solar panels produce enough energy to power the house. It also has rooftop gardens and a built-in water purification system.

Held was CEO of Tampa-based Home Shopping Network from 1995 to 1999. In 2005, he was named president of Shop At Home, part of E.W. Scripps Co. Shop At Home ceased operations in 2008.

Another company controlled by Held still owns a property at 164 Seminole Ave., Palm Beach.

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