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Palm Beach real estate is giving New York a run for its money. This October, hedge funder Steven Schonfeld signed a record-smashing $200 million contract for a South Ocean Boulevard mansion.
Just a few months prior, on the same street, the estate of the late Broadway producer Terry Allen Kramer sold for $105 million. “When someone big makes a move, it starts a domino effect,” says Christopher Leavitt of Douglas Elliman, who is marketing the six-bedroom, six-bathroom, 6,868-square-foot estate at 100 Regents Park Road for $9.8 million. “Palm Beach is becoming a year-round destination for wealthy New Yorkers, with hedge funds, family offices and other major business moving by the hundreds to West Palm Beach.” And while there may only be 2,300 homes on Palm Beach — and just a fraction of those on the market — there are still plenty of opportunities to get in on the action.
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Have a cool $26.9 million? Check out the 1920s Mediterranean mansion at 100 El Bravo Way, which boasts seven bedrooms, nine full bathrooms, 14,318 square feet of interior space and, of course, an incredible pool. It’s on the market with Suzanne Frisbie of Christie’s International Real Estate. Just up the beach, listed with Todd and Frances Peter of Sotheby’s International Realty, a Palladian-style mansion weighs in at more than double that size. Bear’s Club Estate, on the market for $21.9 million, offers a whopping 23,029 square feet of living space, with seven bedrooms and nine full bathrooms. The main house features marble floors, a massive master suite with its own gallery hall and golf course views. There’s also a two-story guest house, picturesque gardens and a sparkling pool.
The post Palm Beach Lures Wealthy New Yorkers With Its Megamansions appeared first on Real Estate News & Insights | realtor.com®.
source https://www.realtor.com/news/trends/palm-beach-lures-wealthy-new-yorkers-with-its-megamansions/
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