Jordanian Princess’ Palm Beach home hits market for $17.5 million
November 05, 2009 01:30PM By Sally Apgar
1320 North Lake Way in Palm Beach, Fla.From the South Florida Web site: Jordanian Princess Alia bint Al-Hussein, half-sister of King Abdullah II, ruler of Jordan, is selling one of her posh Palm Beach mansions for $17.5 million, $6.5 million more than she paid for it last year. In July 2008, the princess and her husband, Mohammad Anwar Farid Al-Saleh, bought the elegant lakefront home at 1320 North Lake Way in Eden Villa for $11 million from diamond mogul Thomas Shane, CEO of Denver, Colo.-based Shane Company, one of the largest direct diamond importers in the country. Shane bought the property in 2004 for $8.26 million, according to property records. The Corcoran Group, which declined to comment on the listing, touts the 10,320-square-foot house on its Web site as a "classical Mediterranean villa [that] fulfills your every desire in upscale living." The seven-bedroom villa has Italian tile floors and 10-foot high ceilings. There is a plush tropical garden near the 60-foot lap pool and cabana, which has a kitchen. In addition, the lakefront property has an 150-foot deep dock "capable of accommodating almost any sea-going vessel including those over 100 feet in length." The price tag seems a bit steep in a soft market where market observers generally believe that luxury home prices have reverted to the same levels as 2004 and 2005. And concrete data bears that out. more
The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance or advertisements. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.
Comments
Anonymous
Comment #1 Posted By: Anonymous 11/17/09