The Real Deal Miami

Oceanfront Broward home on market for $139M

Hillsboro Beach's "Le Palais Royal" believed to be most expensive listing in nation

September 05, 2014 09:45AM

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Interior rendering of "Le Palais Royal"

Interior rendering of “Le Palais Royal”

A massive mansion under construction in Broward County’s Hillsboro Beach is believed to be the most expensive active residential listing in the nation.

The 60,500-square-foot, 11-bedroom house – dubbed Le Palais Royal – is on the market for a whopping $139 million, according to a written announcement from Coldwell Banker Residential Real Estate, which is handling the listing. Once completed, the 935 Hillsboro Mile home will have 17 bathrooms, a 492-foot private dock that can accommodate a 185-foot mega-yacht and an underground garage with more than 30 parking spaces. The property owner, a trust tied to Robert Jacobson of Delray Beach, hopes to finish the mansion before the end of 2015.

Other features of the oceanfront home include a 13-foot, 22-carat gold-leaf gate, 26-foot entrance fountain and a $2 million marble staircase. An IMAX home theater with seating for 18 people and a bar is being built inside the house. The property will also have a 4,500-square-foot infinity edge pool with a 12-foot cascading waterfall, LED-lit waterslide, fire pit and swim-up bar.

Joseph Leone and Denio Madera Design collaborated on the home’s design.

Le Palais Royal “was designed to be fit for royalty and the upmost refined individual,” said Coldwell Banker’s William P.D. Pierce, who is handling the listing. “It is a true extension of a life well-lived.” — Eric Kalis

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