Ranjit M. Mirchandani and his wife, Maya, has listed for sale a five-bedroom, 5.5-bath home at 350 E. Ocean Ave. in Lantana for $4.495 million.

The Mirchandanis bought the property for $562,500 in Aug. 2001. The 8,378-square foot Tuscany inspired house was built in 2006 in the Lantana Bayside neighborhood. Keith R. Gordon of Advantage Real Estate Services is the listing agent.

Mr. Mirchandani is the chief executive officer at Palmsoft, a software company in West Palm Beach.

He holds a master's degree in electrical engineering.

Mrs. Mirchandani is a freelance writing and editing professional in West Palm Beach.

According to BlockShopper.com, there have been 133 home sales in Lantana during the past 12 months, with a median sales price of $118,000.

Address: 350 E. Ocean Avenue