Eric M. Gebhard and Michele M. Palenscar bought a four-bedroom, 5.5-bath home at 2627 S. Ocean Boulevard in Highland Beach for $1.3 million on Sept. 30.
The 3,418-square-foot house was built in 2001.
Gebhard has served as the assistant vice president of business development at JM Family Enterprises, Inc., a privately held automotive company founded in Deerfield Beach in 1968. He has also worked as a corporate lending officer at the Bank of America Corp.
He received his MBA from the University of Chicago.
Home sales in Highland Beach have dropped 14 percent in 2008 versus 2007. The median sales price is also down from $568,000 in 2007 to $450,000 so far this year.
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Address:
2627 S. Ocean Boulevard
Buyer(s):
Eric M Gebhard (Trustee), Michele M Palenscar (Trustee), and Eric M Gebhard And Michele M Palenscar (Trust)
Seller(s):
Eric M Gebhard and Michele M Palenscar
Sale date:
Oct. 17, 2007