Saturday, December 3, 2011

Palm Beach's Most Expensive Manse Costs a Whopping $74M

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Location: Palm Beach, Fla.
Price: $74,000,000
The Skinny: You know you're dealing with a stratospherically expensive house when the listing price gets a $10M chop and the place is still the priciest mansion in one of the country's richest towns, Palm Beach, Fla. Situated not far from the famous Breakers and Worth Avenue, the $74M mega-mansemeasures more than 27,000 square feet, features nine bedrooms and an astonishing 17 bathrooms, and sits on 2.5 waterfront acres. The impeccably kept home has never been lived in, which explains little oddities like the flimsy-looking bathroom lighting, but at this rate they'll have to find a billionaire looking to show off to sell. There's plenty to show off, too, if you're into reproduction French chateaus.

This investment grade opportunity is at the top of its asset class and is located in Palm Beach, America's most prestigious resort. Simply one of the most beautiful and exclusive waterfront estate homes ever built on the Island of Palm Beach. This French inspired masterpiece, completed in 2011, is located along storied Billionaire’s Row, and is minutes from world famous Worth Avenue, shopping, restaurants, private clubs, and world class marinas and is just four miles to Palm Beach International Airport and the private jet terminals. Gracefully sited on 2.5 private and secure acres, this elegant and refined residence is positioned well back on the property, creating a classic and very impressive entry progressing from the decorative iron gates past sculptured gardens and fountains, to a broad motor court. In over 20,000 SF of living with an additional 7,000 SF of loggias, garages & guest house, the estate is defined by exquisite craftsmanship, impeccable attention to every detail and is calibrated for 21st Century living. An art lover’s dream, private deeded beach access, dockage, separate service entry gate with generous onsite parking. This is an important property.

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