Outback Steakhouse co-founder Tim Gannon had owned 1300 N. Ocean Blvd. in Palm Beach since 2011, records show.
Outback Steakhouse co-founder Tim Gannon has sold his oceanfront house and beach cabana on Palm Beach’s North End for a recorded$12.28 million.
Gannon, a member of the town’s Landmarks Preservation Commission, in 2011 paid $5.5 million for the five-bedroom house at 1300 N. Ocean Blvd. In all, the house and its cabana on the opposite side of the coastal road encompass 6,504 square feet of living space, inside and out. The land totals just more than a half-acre with about 175 feet of oceanfront.
The buyer was not identified in the preliminary information about the sale posted today on the Palm Beach County Clerk’s website.
Built in 1991, the Palm Beach Regency-style house stands at the corner of Merrain Road, three-quarters of a mile from the northern tip of the island.
Broker Lawrence Moens of Lawrence A Moens Associates had the house listed at $13.9 million when it sold. It had been under contract since the end of March. He was the sole broker involved in the sale.
Moens’ sales listing described the one-story residence as “a classic example” of an “elegant beach house” with higher-than-average ceiling, a feature that lends the interior spaces a feeling of “great volume.” A series of arched windows and doors face the ocean.
Other features include a fireplace in the living room, hardwood floors and a two-car garage. The kitchen has two work islands and a picture window that affords ocean views.
Moens’ listing also emphasized the beach cabana, which has an expansive deck.
When Gannon bought the house he was married to his third wife, Christie Gannon, but the couple has since divorced.
Tim Gannon today lives at a house on Nightingale Trail, according to property records.
Gannon, a trained chef, co-founded Outback Steakhouse in 1987 in Tampa. He is credited with having created the restaurant chain’s signature appetizer, the Bloomin’ Onion, which has since generated more than $1 billion in worldwide sales, according to the company. He is no longer involved in the restaurant’s ownership.
Gannon’s more recent restaurant ventures included owning franchises — including a West Palm Beach location — of the PDQ fast-casual restaurant chain with a menu focused on chicken tenders. With his son, Chris Gannon, he also co-founded Bolay, another chain of South Florida fast-casual restaurants.
For many years, Gannon had ties to Wellington and was an amateur polo player on the Outback Polo team, which he sponsored.
In 2015, Gannon told Palm Beach Life magazine that living in Palm Beach was a longtime dream come true.
“From the time I was 16, I had a desire to live on the ocean,” he said. “It’s a place of solace.”