A never-lived-in oceanfront house developed on speculation at 901 N. Ocean Blvd. in Palm Beach has landed under contract after being marketed, furnished, at $74.8 million in the multiple listing service.
Facing 175 feet of oceanfront, the Bermuda-style house presides over a lot of 1.14 acres. The property is immediately north of the Palm Beach Country Club, nestled into the curve of the coastal road.
The five-bedroom main house and two-bedroom guesthouse were completed this year. In all, the property offers about 18,000 square feet of living space, inside and out, including a partial basement.
The house was developed by longtime Palm Beach resident Keith Beaty and his son, Clark Beaty.
Agent Christopher Deitz of William Raveis South Florida listed the house for sale in February at $84 million but dropped the price a couple of months later, MLS records show. The house went under contract Tuesday, according to the MLS listing updated Wednesday.
Deitz declined this week to comment about the property, the buyer who is waiting in the wings, the closing date or the amount to change hands.
The guesthouse and four-car garage building lie to the west and are connected to the main house by a pergola-topped breezeway in the design by architect Roger Janssen of Dailey Janssen Architects in West Palm Beach.
Amenities include an oversize kitchen, an 800-square-foot gym, a wine room that can store 4,000 bottles and a media room with a snack bar. There’s also an oceanfront swimming pool.
The house and a new mansion next door at 905 N. Ocean Blvd. generated controversy during their reviews before the Architectural Commission in 2018. After neighbors vigorously complained over several months that the initial designs were overscaled, both property owners reduced the size and footprints of the houses they planned to build.
More: Billionaire Tepper on buyer’s side of Palm Beach mansion sale closed for as much as $73M: sources
In February, a limited liability company linked to hedge-fund billionaire and Carolina Panthers owner David Tepper and his wife, Nicole, paid a recorded $68.385 million for the furnished house at 905 N. Ocean Blvd. As much as $73 million was said to have actually changed hands in that deal, the second-most expensive never-lived-in house ever sold in town, property records show.
The house at No. 905 was built by real estate investor Pat Carney and his wife, Lillian, longtime Palm Beach residents. Agent Jim McCann of Premier Estate Properties acted for the Carneys in the sale to the Teppers.
dhofheinz@pbdailynews.com @PBDN_hofheinz
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