Todd Glaser buys waterfront Palm Beach home, plans renovation

British financier Antos Glogowski sold his longtime Palm Beach home to spec developer Todd Michael Glaser for $21.4 million

Glogowksi’s Glogowski Family Holdings LLC sold the house at 305 Indian Road, at the northernmost tip of the island. Top broker Lawrence Moens of Lawrence A. Moens Associates brokered the sale. Glaser purchased the property with an investor, the Palm Beach Daily News reported. 

Glogowski owns the Palm Beach-based investment firm AJG Investments. Records show he bought the 5,400-square-foot Indian Road house for $725,000 in 1994. New York Times reporter Jeffrey Goldberg tracked Glogowski down in Palm Beach in 1998, when AJG was buying up privatization vouchers for Azerbaijan’s oil industry. 

The house, built in 1995 on a 0.8-acre lot, has six bedrooms, five bathrooms and two half-bathrooms. The property includes a pool and 130 feet of waterfront on the Palm Beach Inlet, according to the listing and property records. It has views of Singer and Peanut islands. 

The home has been on and off the market for five years, according to the Redfin listing. Glogowski first listed it for $22 million in 2018, and the asking price later ranged from $17 million to $35 million. It was most recently on the market for $24.9 million in March.

The listing advertised the home as an opportunity for renovation or redevelopment. Glaser confirmed he plans to renovate and re-list the home for sale.  

The spec developer and his partners recently delisted his biggest project in Palm Beach, called Tarpon Island. It was asking $218 million and marked the most expensive listing in Florida. If sold at or near that price, the estate would set a record for residential sales in Florida. The property is expected to return to the market.

The current record in Palm Beach is held by luxury car dealer Michael Cantanucci’s $170 million purchase in April of an oceanfront estate. 
Glaser and his partners also sold a waterfront mansion at 854 South County Road for $63.4 million in May, up from the $53 million they bought it for last year. The developer and his partners sold a penthouse on top of Tiffany & Co. building on Worth Avenue to car dealership mogul Terry Taylor for $18 million in April.