Shock jock Howard Stern has purchased an oceanfront home appraised at $40.8 million on “Raiders Row” in Palm Beach, according to Gossip Extra.
North County Road, nicknamed for the high number of corporate tycoons living there, is home to talk-radio king Rush Limbaugh and Nelson Peltz, the billionaire founder of Trian Fund Management.
The sellers are New Hampshire textile mogul Martin Trust and his wife, Diane, the blog reported.
The Trusts purchased the house in 1986 for $4.6 million, Gossip Extra said, citing property records. Floor plans show 12.5 bathrooms, an elevator and a manicured croquet lawn.
Stern’s wife, former model Beth Ostrofsky, fell in love with the 19,800-square-foot manse when she traveled to Palm Beach to look at several properties earlier this year.
Stern confirmed on his show a previous Gossip Extra report that said he was property shopping in Florida, but denied it was to escape New York’s high income tax. [Gossip Extra] –Emily Schmall