A Ferrari-inspired mansion known as Casa Maranello in Delray Beach, Florida, shattered a local record last week when it traded for $50.5 million.
Not only was the megadeal the biggest the area has ever seen, but it was also one of the most unusual: The sale included a mansion swap, bespoke furniture, elaborate chandeliers, art, alcohol and even a miniature Ferrari 250 Testa Rossa sports car.
According to public records, the buyer was a trust linked to William Cafaro, the co-president of a retail property development company in Niles, Ohio. The trust purchased the seven-bedroom, nine-bathroom residence — and paid millions more for all of its furnishings — with a combination of cash and real estate valued at $55 million.
The trust paid the home’s architect and developer, Aldo Stark of Prestige Design Homes, $24.5 million along with the deed to Cafaro’s almost-18,000 square foot mansion located at 9200 Rockybrook Way in Delray Beach,…
