Scott Jay Vassalluzzo and Kimberly Ann Vassalluzzo bought a three-bedroom, three-bath home at 1750 Royal Palm Way in Boca Raton from Mark Berg and Nicole Berg for $7.4 million on Feb. 13.

The Bergs paid $2.7 million for the property in June 2009. The 9,544-square-foot home in Boca Raton Eastside was built in 2010. It is located in the Royal Palm Yacht & Country Club subdivision.

Scott Vassalluzzo is a general partner, an investment manager and a trustee at Prescott Investors Inc., a privately owned hedge fund sponsor based in Greenwich, Connecticut. He is also a managing general partner of The Prescott Partnerships, a managing general partner of Prescott Associates LP, a director of Credit Acceptance Corp., and a director of World Acceptance Corp. He is a member of Vertrue Inc. He previously worked in public accounting at Coopers & Lybrand.

He received his B.S. in accounting from The Pennsylvania State University and his M.B.A. from Columbia University. He is a CPA.

According to BlockShopper.com, there have been 2,123 home sales in Boca Raton during the past 12 months, with a median sales price of $240,000.

Address: 1750 Royal Palm Way
Buyer(s): Kimberly Ann Vassalluzzo and Scott Jay Vassalluzzo
Seller(s): Mark Berg and Nicole Berg
Sale date: Feb. 13, 2012