Son of former Cleveland Indians owner sells North Palm Beach mansion for $40M (Photos)

Jeffrey P. Jacobs, whose family previously owned the Cleveland Indians MLB team, sold his oceanfront mansion near North Palm Beach for $39.5 million. The 18,852-square-foot home at 12088 Banyan Road was purchased by Igor Tulchinsky, founder, chairman and CEO of WorldQuant, an Old Greenwich, Connecticut-based hedge fund. The home was listed by Elizabeth Zahra and Gary Pohrer of Douglas Elliman, while the buyer worked with Ryan Serhant of Serhant and Chris Leavitt of Douglas Elliman. Jacobs built…