At $140 Million, Newly Built Palm Beach Megamansion Vies for Price Record

At $140 Million, Newly Built Palm Beach Megamansion Vies for Price Record

The house in Palm Beach overlooks 150 feet of Atlantic oceanfront. The developer of a hulking contemporary glass mansion is taking a shot at selling the most expensive home ever in Palm Beach, Florida—listing it for $140 million.

The palatial new build on North County Road clocks in at over 21,000 square feet, with nine bedrooms, including the guest house, and walls of windows overlooking 150 feet of Atlantic oceanfront, according to the listing, which hit on Sunday. Palm Beach-based luxury brokerage Lawrence A. Moens Associates holds the listing and did not immediately return a request for comment.

Palm Beach, a magnet for affluent Americans, has become one of the nation’s leading trophy-home markets, rivaling other exclusive beach markets such as Malibu, California, and the Hamptons, in New York. In 2020, Palm Beach laid claim to two of the top 10 most expensive U.S. home sales, with two properties that sold for $70 million or more, Bloomberg reported last month .

The island’s current record holder is a beachfront mansion known as La Reverie, which hedge fund billionaire Steven Schonfeld bought as a family compound in 2019 for $111 million , Mansion Global reported at the time.

This new North County Road listing would surpass that handily if it sold anywhere close to its price tag.

The new home was built on a 2.25-acre lot that was once part of a much larger estate President Donald Trump sold in 2008 for $95 million, according to the Palm Beach Daily News, which first reported the new listing . Dmitry Rybolovlev, the Russian oligarch and fertilizer mogul who bought the property from Mr. Trump, carved up the land and sold it off piecemeal , including this particular address, which sold as an empty lot for $37 million 2017, according to property records.

The current owner is an entity with ties to South Florida luxury home builder Mark T. Pulte, whose company Mark Timothy, Inc., recently completed construction on the megamansion, according to property records filed with Palm Beach County and a Mark Timothy webpage promoting the home. The company could not immediately be reached for comment.

The lavish two-story house features sleek finishes, including a mixture of hardwood and glossy polished stone floors, sculptural lighting and floor-to-ceiling glass windows that frame the ocean views, images of the home show.

The compound includes an array of luxury conveniences, including a large pool that encompasses eight partially submerged loungers and a hot tub. There’s also a full bar with ample wine storage, a spacious entertainment suite with a home cinema and game room, a wine cellar and a home salon, images of the property show. The listing details also mention a gym, a guest cottage and a home security system.

Click here to view original web page at