Oceanfront Palm Beach spec mansion hits the market, asking record $140M

Company tied to luxury homebuilder Mark Pulte built the estate and is selling it

Miami /
Jan.January 12, 2021 02:30 PM
535 North County Road (Palm Beach Property Appraiser)

535 North County Road (Palm Beach Property Appraiser)

An oceanfront spec mansion in Palm Beach hit the market for $140 million, marking the most expensive residential listing in South Florida.

Before the estate at 535 North County Road was built, it was part of a larger property that President Donald Trump sold in 2008 for $95 million. Trump sold the property to Russian billionaire Dmitry Rybolovlev in 2016, who knocked down the previous mansion and subdivided the land.

In 2018, Rybolovlev sold the Palm Beach lot to a company tied to spec home developer Mark Pulte of Mark Timothy Inc. for $37 million. Lawrence Moens of Lawrence A. Moens Associates has the listing, according to the Palm Beach Daily News, citing information on the Multiple Listing Service. Moens, a top broker in Palm Beach, also has an investment interest in the 2-acre, 15,350-square-foot mansion.

The $140 million price tag includes furniture. The property, with a separate guest house, has nine bedrooms, an oceanfront swimming pool, a gym, sauna and hair salon. William M. Boyle of Boyle Architecture designed the house. The lot has 150 feet of shoreline.

Rybolovlev sold the three lots for nearly $109 million, about $14 million more than Trump’s sale price.

Neighbors include billionaire investor Nelson Peltz, who co-founded Trian Fund Management, an alternative investment management fund based in New York.

The Ziff estate at 2000 South Ocean Boulevard in Manalapan is the second most expensive listing in South Florida at $115 million, according to Realtor.com.

[Palm Beach Daily News] – Katherine Kallergis





    Related Articles

    arrow_forward_ios
    Make Greenland Great Again? Trump wants to buy Arctic territory
    Make Greenland Great Again? Trump wants to buy Arctic territory
    Make Greenland Great Again? Trump wants to buy Arctic territory
    Hamptons’ priciest summer rental to host MAGA extravaganza next month
    Hamptons’ priciest summer rental to host MAGA extravaganza next month
    Hamptons’ priciest summer rental to host MAGA extravaganza next month
    Igor Tulchinsky and 12088 Banyan Road (Getty, Douglas Elliman)
    Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
    Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
    Tommy and Dee Olceppo Hilfiger with 313 Dunbar Road (Getty, Google Maps)
    Tommy Hilfiger drops $21M for waterfront Palm Beach home
    Tommy Hilfiger drops $21M for waterfront Palm Beach home
    Images of the Gateway Program and Pete Buttigieg (Photos via GDC, Getty, iStock)
    Gateway tunnel lurches ahead with federal approval
    Gateway tunnel lurches ahead with federal approval
    Manhattan District Attorney Cy Vance and Donald Trump (Getty)
    Manhattan DA convenes grand jury in Trump probe
    Manhattan DA convenes grand jury in Trump probe
    1341 South Ocean Boulevard, Palm Beach  (Lawrence Moens)
    Punch time clock heir sells oceanfront Palm Beach estate for $95M
    Punch time clock heir sells oceanfront Palm Beach estate for $95M
    Donald Trump, New York Attorney General Letitia James, Manhattan District Attorney Cy Vance (Getty)
    Tish James joins Cy Vance’s criminal probe of Trump Org
    Tish James joins Cy Vance’s criminal probe of Trump Org
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...