This apparently just went into contract. Why it came up on my news scanner is anybody's guess. Guy that built it did well though. New beachfront ‘spec’ house priced at $140 million, a record in Palm Beach New house at 535 N. County Road stands on land President Donald Trump once sold to a Russian billionaire, who no longer owns it. Darrell Hofheinz Palm Beach Daily News Palm Beach has just seen a new record set — at $140 million — for the asking price of a mansion marketed through the island's multiple listing service. The listing for the just-completed contemporary-style beachfront residence at 535 N. County Road went public in the MLS on Friday. The price includes the furnishings. Facing 150 feet of shoreline, the mansion was developed on speculation on 2 acres on the North End. The lot was one of three carved from a larger estate that President Donald Trump sold in 2008 — six years before his election — for $95 million, the price recorded in courthouse records. An ownership entity linked to developer Mark Pulte of Mark Timothy Inc. paid a recorded $37 million for the lot at No. 525 in 2018 and built the just-listed house. Real estate broker Lawrence Moens of Lawrence A. Moens Associates, who holds the listing, also has an “investment interest” in the property, according to the local multiple listing service. The house and its separate guest house have a total of nine bedrooms and 21,066 square feet of living space, inside and out, of which 15,350 is under air conditioning, the listing shows. Just south of the estate owned by billionaire Nelson Peltz, the property lies on a stretch of beachfront sometimes called the North End’s Billionaires Row. A trust associated with Russian billionaire Dmitry Rybolovlev bought the property from Trump and in 2016 razed a mansion there to subdivide the land. Rybolovlev sold the lot at No. 535 in April 2018 to the developers of the new house. The parcel was the second of three adjacent vacant lots the Russian ultimately sold for a combined $108.74 million, according to property records >>FROM THE ARCHIVES: Palm Beach board OKs houses, including one for former Trump property. Designed by architect William M. Boyle of Boyle Architecture, the new house’s exteiror features crisp lines, a white-stucco exterior, coral Key stone details and large expanses of glass. The east side of the two-story main residence if roughly L-shaped, with many of the rooms facing an expansive oceanfront swimming pool. Overlooking the pool and ocean, the master bedroom’s second-floor terrace — with a glass-railed balcony — has an outdoor fireplace with a television above it, photographs show. The separate one-story guesthouse on the west side of the property has its own pool. >>MORE: Trump’s former estate: The story behind the $95-million mansion tear-down Generously proportioned rooms have floors and columns of polished stone in some areas, and paneled columns and hardwood floors in others. Some ceilings are covered in wood, including those in the poolside lounge and loggia. On the ground floor of the main house, the formal living room features an oversize fish tank near the staircase. A club room with a pool table is open to a sunken media room, while a prominent bar fashioned of stone is adjacent to a lounge area. The layout also includes a family room and formal dining room, along with an gym area with a sauna and hair salon. Marc-Michaels Interior Design of Winter Park and Boca Raton decorated the house >>MORE: Palm Beach lot with Trump history sells for $37 million at 535 N. County Road Moens handled both sides of the 2018 lot sale, just as he did when the two adjacent lots sold. The southernmost lot at 515 N. County Road fetched a recorded $34.35 million in November 2016, a few months after the land was cleared, and is today the site of a custom home finishing construction. The center lot at No. 525 changed hands for a recorded $37.29 million in July 2019. Moens also represented Trump in the 2008 sale, opposite agent Carol Digges of Brown Harris Stevens, who represented Rybolovlev. Moens, who couldn’t be reached, has consistently declined to discuss the three lots or any of the parties who bought them. A spokesman for Rybolovlev also previously declined to comment about the lots. Pulte also couldn’t be reached. Trump bought the 6.26-acre estate in 2004 from the late nursing-home magnate Abe Gosman for $41.4 million at a bankruptcy auction and then carried out renovations. He initially set a price of $125 million for the property, although an online search of MLS records does not show that the property was ever listed. The second-most-expensive price for a Palm Beach residential property in the Palm Beach Board of Realtors Multiple Listing was entered in 2017 at $115 million for 1500 S. Ocean Blvd., when the landmarked estate was owned by Internet pioneer Jim Clark. But that 5.5-acre ocean-to-lake estate at 1500 S. Ocean Blvd. had been marketed outside the MLS for $137 million beginning in August 2016 by Sotheby’s International Realty. Il Palmetto today is home to Leo and Kathryn Vecellio. Pulte’s Boca Raton company has been involved in the development of several other Palm Beach spec houses, including a lakeside residence at 446 N. Lake Way, which sold in April for a recorded $33.2 million to an entity controlled by New York Jets owner Woody Johnson. Moens had the listing, and agent Jim McCann of Premier Estate Properties was on the buyer's side of that deal. Pulte also built an oceanfront house at 6 Ocean Lane that sold furnished for $36 million in September 2016 to the late Fox News chief Roger Ailes. Agent Susan Turner of Waterfront Properties and Club Communities in Jupiter represented the buyer in that deal opposite Moens as listing agent. Other Palm Beach houses built by Pulte’s company include a lakeside house at 1330 S. Ocean Blvd., which sold furnished for $31.59 million in April 2017, with Moens representing the seller and broker Linda Gary of Linda A. Gary Real Estate acting for the buyer. The Pulte-built house next door at 1340 S. Ocean Blvd. sold in July 2018 for $32.496 million. Moens had the listing, and agents Dana Koch and Paulette Koch ofthe Corcoran Group handled the buyer’s side.
Every time I see a house that costs such a mind-boggling sum I think that as amazing as the house is, anyone with that kind of money would just want a house build to their own specifications, unless they're buying a historical property.
I was always surprised by large-scale projects. People say this mansion is being marketed as a luxury individual home. Although it looks more like an integrated hotel complex. Have you noticed this photo? This is not the only pool. Any homeowner knows that too much open space for water is very inconvenient to clean. This may not worry only billionaires and commercial property owners. But I myself am not ready to hire special staff to care for the pools on a permanent basis)) I am using the lightweight version for quick cleaning (gadgets), look at this article. It is more environmentally friendly, does not take much time, and has eliminated chlorine. P.S. By the way, if we talk about individual projects, then there are a lot of examples of smart construction. When comfort comes first, rather than an exponential luxury. I like Bill Gates' house (for example)
The homes they buy in Florida are probably 1 of many homes that they already own. How many does Oprah own, 6, 7 ?
I try to limit my mansion ownership to one per major metropolitan area. It's all about the restraint.