Beverly Rawlings has sold her oceanfront condominium in Palm Beach for $17.2 million through an off-market transaction. The sale is among the highest ever recorded for a condo on the island. Official records identify the buyer as a Delaware entity named after the property’s address, 102 Gulfstream Road, with the actual purchaser remaining undisclosed.
Rawlings’ late husband, George Rawlings, was known for founding the Rawlings Group in 1977. According to his obituary and a 2018 Associated Press profile, George Rawlings played a key role in developing what became the multibillion-dollar subrogation outsourcing industry. The AP described him as a “bounty hunter” for health insurance companies. Subrogation allows insurers to recover payments from third parties responsible for losses.
The Rawlings Group is based in La Grange, Kentucky. In addition to their business activities, Beverly and George Rawlings founded the Crab Orchard polo team, which won the U.S. Open three times. They have also supported Liberty University in Lynchburg, Virginia; George’s father, Dr. John Rawlings, was closely associated with university founder Dr. Jerry Falwell.
The couple divided their time between their Palm Beach residence and a farm in Oldham County, Kentucky until George Rawlings died in 2023. In 2016, they sold an equestrian estate in Wellington to Frank McCourt for $20 million.
They purchased their Palm Beach condo in 2016 for $13.9 million. Built in 2009, it covers 4,900 square feet and includes four bedrooms, four bathrooms and two half-bathrooms.
The unit had previously been listed at $19.5 million before Beverly Rawlings removed it from the market this May according to Zillow data.
This off-market deal ranks as Palm Beach’s third-most expensive condo sale on record—behind Robert Kraft’s $23.8 million penthouse purchase in 2022 and Terry Taylor’s $18 million acquisition of a Worth Avenue unit last year.
