$79.5M Oceanfront Estate in North Palm Beach Is Most Expensive New Listing

Douglas Elliman

A waterfront estate on over 7 acres in North Palm Beach, FL, has landed on the market for $79.5 million. It’s the third-largest oceanfront parcel in Palm Beach County, and it’s also this week’s most expensive new listing on realtor.com®.

Only two other properties in the exclusive location are larger than this one: The Palm Beach empire of the billionaire investor Ken Griffin measures in as the largest, and the 15-acre Gemini Estate in Manalapan as the runner-up.

This mega-offering is described as an “unmatched oceanfront compound” in the listing and is marketed as a “once in a generation opportunity.”

As far as pricing goes, this property makes last week’s most expensive new listing—also in Palm Beach—look almost like an affordable option, with its $49.5 million price tag.

The nearly $80 million offering has the additional benefit of being located in a gated community, a perk for affluent buyers in search of added security and privacy.  

A trust linked to the financier Gabriel Hoffman, who heads the hedge fund Accipiter Capital Management, is said to be the current owner, according to the Real Deal. 

Oceanfront estate

Douglas Elliman

Entryway

Douglas Elliman

Dining room

Douglas Elliman

Outdoor dining

Douglas Elliman

Pool

Douglas Elliman

Set on the multiple-acre oceanfront parcel in this much-coveted neighborhood, the gated property features seven bedrooms, 11 bathrooms, and three half-baths on 15,514 square feet. Built in 1998, the Tuscan-style estate features panoramic ocean views.

Guests enter into a foyer with a curved staircase. The formal living room includes a stone fireplace and beamed ceilings. An ornate formal dining room features an intricate ceiling pattern and French doors. A huge chef’s kitchen features dual islands and looks out to the Atlantic Ocean.

Other highlights include a dedicated theater, wine room, tennis court, large private pool, and a guest suite.

Outside, a covered terrace features outdoor dining beside a fireplace. Steps lead down to the pool, which has a water feature. The grounds also include mature trees, a verdant lawn, and patios for entertaining, only steps from the sandy beach. 

This is also “one of only a handful of properties in Florida where someone could land and take off in a helicopter from the estate,” the listing description notes. For wealthy buyers in love with the links, the home is just a short golf cart ride away from the tony Seminole Golf Club.

Gary Pohrer of Douglas Elliman holds the listing.

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source https://www.realtor.com/news/trends/oceanfront-estate-north-palm-beach-most-expensive/