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To: BWAC who wrote (52387)	11/7/2004 8:22:42 AM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

interesting: the largest residential real estate sale in U.S. history Ron Perelman's landmarked Casa Apava compound changed hands this week. The contract price is confidential but is estimated to be as much as $70 million. The buyer, Schar, is chairman and chief executive officer of NVR Inc. He is a member of the Northern Virginia Roundtable, a pro-business initiative, and was President Bush's finance co-chairman in the 2000 presidential campaign. Schar, 62, is a major fund-raiser for President Bush and part owner of the Washington Redskins football team. The new owner, described as "shy" by business associates, should fit into Palm Beach's generally conservative social circles. In December, Bush personally thanked Schar in front of nearly 1,000 people for organizing a GOP fund-raiser. As a Republican "Ranger," Schar has persuaded at least 100 of his wealthy friends to donate $2,000 each to help reelect the president. Casa Apava has been making history and headlines since the main residence was designed in 1918 by architect Abram Garfield, the son of U.S. President James A. Garfield According to records at the Palm Beach County Property Appraiser's Office, Perelman bought the 6-acre parcel with the landmarked Casa Apava estate in 1994 for $11.6 million. He took title from a Citibank affiliate which had seized the property when Hansen stopped paying the mortgage. The lender had paid a mere $1 million for the estate at a public auction in 1993. The previous Palm Beach record was $30.35 million, which was set last year