The 9,525 square foot home was listed for $8.9 million.
Teppo Uaranniemi is the owner of Jacura Delaware, Inc., a West Palm Beach-based owner and operator of private jets.
Home sales in Highland Beach rose more than five percent in 2007. The median sales price, however, dropped from $630,000 in 2006 to $568,000 last year.
BlockShopper Metrics began tracking home sales in South Florida in 2001.
Address: 10 South Ocean Boulevard
Buyer(s): Edward J Brush
Seller(s): Jaakko Uuranniemi, Teppo Uuranniemi, and Heidi Uuranniemi
Sale date: Jan. 3, 2006