Palm Beach’s priciest listing sells at steep discount

A 20,000-square-foot home that was on the market for $74 million, making it the most expensive public listing in Palm Beach, Fla., has sold for $42 million, the Wall Street Journal reported.

The sale, which closed June 7, is one of the largest in Palm Beach in recent years. Donald Trump sold his mansion to Russian fertilizer tycoon Dmitry Rybolovlev in July 2008 for $95 million; Howard Stern reportedly bought a Palm Beach mansion last month for $52 million.

Located in an area referred to as Raider’s or Billionaire’s Row, the French-chateau-style estate has nine bedrooms, 17 bathrooms and a five-car garage.

Built in 2011, it also has 7,000 square feet of loggias, garages and a guest house, a 12,000-square-foot motor court, a dock and a pool with fountains.

Seller Dan Swanson, of Addison Development, originally put his home on the market in September of 2011. The buyers are a “very nice couple” that liked the size of the property, buyer’s agent Stephen Ploof of Linda A. Gary Real Estate in Palm Beach told the Journal. [WSJ] –Emily Schmall