People that hoped to turn a profit selling homes they bought as a sure and secure investment a few years ago got a reminder of how much better things could have been if only they had bought in the right place at the right time and the right price, oh, and been famous, with a sale announced in the Palm Beach Daily News Friday (6/4).  Everyone's favorite pirate, Jimmy Buffett, made out like one on the sale of a property he bought in the area in 1994.  The 5 bedroom, 9 bathroom home that sits on 1.6 acres that Buffett purchased in 1994 for a reported $4.4 million has been purchased by an LLC in Delaware for $18.5 million.  The ocean front property includes a guest house, a tennis court and a swimming pool.  With 9 bathrooms, you almost have to figure on at least a couple of dozen frozen concoction makers being on the premises. An appreciation of more than $14 million leaves plenty of profit margin no matter how many improvements may have been made to the Mediterranean style estate a previous owner converted into a British Colonial style home.  A realtor involved in the record sale of a nearby ocean front estate that sold for $25 million in 2009 commented, 'The buyer got a pretty good deal for a unique ocean front property with more than an acre of land in a convenient in-town location'. 
PalmBeachDailyNews.com

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