HP CEO Sells $14-Million Mansion As Delray Beach Real Estate Heats Up

luxury homes and a yacht on the waterfront in florida
Antonio Neri, CEO of Hewlett Packard, is the latest player in Delray Beach's red-hot luxury real estate scene.

Antonio Neri, the CEO of technology behemoth Hewlett Packard Enterprises, has reportedly sold his home in Delray Beach, Florida, for $14,000,000. And if you thought that was a lot of zeros, you were right: The sale is among the most expensive deals for the resort community in 2021, records show.

The Quiet Vista Estate, named for the street on which it is located, is on 2.5 acres with lake frontage in the private enclave of Stone Creek Ranch and features a 2017-built contemporary home of nearly 12,800 square feet.

Five bedrooms and seven bathrooms are included in the multi-level mansion. According to marketing materials for the property, it also has a family room, an office, a gourmet kitchen, a formal dining room, a gym, a game room, and a home theater.

looking down the waterway in florida

Like much of the U.S., the Delray Beach real estate market has seen considerable growth during the pandemic.

Outside, there’s a pool with a flowing waterfall and a fully equipped summer kitchen.

According to property records, Neri, 54, paid $7.5 million for the home in 2019 and designated it as his principal residence in the state.

The executive joined Hewlett Packard in the 1990s and succeeded Meg Whitman as CEO in February 2018. In December 2020, Hewlett Packard stated that it would relocate its worldwide headquarters from California’s Silicon Valley to Houston in 2022.

The mansion was posted for sale at $15.5 million on Oct. 13 and quickly went into contract. According to the Multiple Listing Service, the deal was recorded on Nov. 12 for $14 million.

Low mortgage rates and a lack of units has stoked competition in Delray Beach’s market, particularly in the luxury sector.

Red-Hot Delray Beach Property Market

Like much of the U.S., the Delray Beach real estate market has seen considerable growth since the start of COVID-19, as work-from-home conditions have pushed buyers to seek out the best properties for sale.

In November, Delray Beach property prices hit a median price of $339,000, an approximately 19% increase year-over-year, records show. Low inventory has contributed to the competition; on average, homes in the area sell after about 45 days on market, down from an average of 75 days in 2020. In November, 301 residences were sold, down from 356 the previous year.

On the luxury side, a 21,000-square-foot mega-mansion called “Rockybrook Estate” set a Delray Beach record in March when it sold for $19 million. Also found within Stone Creek Ranch, an ultra-exclusive community of 37 large-lot estates, it features seven bedrooms and 14 baths situated on a 2.5-acre lot.