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Nov 16, 2017

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Lake Way has changed hands for $7 million in a sale related to a divorce, according to courthouse documents recorded Tuesday. Photo courtesy of The Corcoran Group Posted: 9:38 a.m. Wednesday, November 08, 2017 Deed watchers may have noticed a $7 million deed recorded Tuesday at the Palm Beach County Courthouse for a renovated 1960s-era house at 661 N. Lake Way . But a close look at the transaction shows it to be internal deal. A limited liability company controlled by Mary Ellen Kisting sold the property to her ex-husband, Mark A. Nylen, who acted as trustee of two Nylen family trusts. As EdmontonDivorceMediation trustee, he assumed a 49 percent ownership stake in one of the trusts and a 51 percent stake in the other.

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