Edward Falcone lists Palm Beach estate for $36M

Miami /
Mar.March 30, 2015 11:00 AM

Real estate tycoon Edward Falcone listed his Palm Beach home for $36 million, The Real Deal has learned.

Falcone bought the 1.65-acre site at 8 South Lake Trail for nearly $28.8 million, according to Palm Beach County property records. The six-bedroom, six-bath and one-half-bath mansion was built in 1937 and designed by Palm Beach architect John Volk.

Falcone’s brother is Art Falcone, a Miami Worldcenter developer and more recently the owner of the Fashion Mall in Plantation, with plans to develop it into a master planned community.

The 9,918-square-foot home includes a swimming pool, dock and boat lift, and spa, property records show. Greg Weadock of Brown Harris Stevens has the listing.

Weadock told TRD he’s marketing the estate oversees and that he’s looking for a “special buyer that appreciates the uniqueness of the property.”

Nearby, a Fortune 1000 company executive listed his Palm Beach estate for $31.9 million. Systemax vice chairman Bruce Leeds owns the Highland Beach mansion at 2455 South Ocean Boulevard, Palm Beach County property records show.

Listing agent Beverly Knight of Ocean Estate Properties said the 23,625-square-foot custom home is too large for the owner.

“All the bedrooms have ocean views because of the [150 feet of] water frontage,” Knight told TRD. “It’s just breathtaking.”

The 1.9-acre site last sold for $5.8 million in March 2011. Leeds bought the property in an estate sale.

Systemax sells computers, consumer electronics and related products through e-Commerce.


Related Articles

arrow_forward_ios
Todd Glaser with 210 Via Del Mar
Todd Glaser buys Palm Beach “forever home” for $24M
Todd Glaser buys Palm Beach “forever home” for $24M
830 Brickell and 401 E Las Olas Blvd (Google Maps)
Lease roundup: Thoma Bravo signs major lease in Brickell & more
Lease roundup: Thoma Bravo signs major lease in Brickell & more
W. Allan Jones and 320 Island Road, Palm Beach (Wikipedia Commons, Google Maps)
Converting to cash: Payday lender flips his waterfront Palm Beach home for $42M
Converting to cash: Payday lender flips his waterfront Palm Beach home for $42M
Todd Glaser with 576 Island Drive (Google Maps, Todd Glaser)
Todd Glaser, partners buy waterfront Palm Beach home to renovate, flip
Todd Glaser, partners buy waterfront Palm Beach home to renovate, flip
228 Via Las Brisas and Maximo Haddad. (Compass, Global Industries via YouTube)
Mexican construction tycoon sells Palm Beach mansion for $23M
Mexican construction tycoon sells Palm Beach mansion for $23M
Ed and Jackie Rabin with 505 South County Road, Palm Beach (Patrick McMullan/Getty, Google Maps)
Former Hyatt Hotels president buys Palm Beach home for nearly $6M
Former Hyatt Hotels president buys Palm Beach home for nearly $6M
Clockwise from top left: 1500 West 21st Street in Miami Beach, 259 Pendleton Avenue in Palm Beach, 1221 North Lake Way in Palm Beach, 215 Indian Road in Palm Beach and Todd Glaser (Google Maps)
Todd Glaser buys and sells houses totaling $50M, amid South Florida luxury frenzy
Todd Glaser buys and sells houses totaling $50M, amid South Florida luxury frenzy
Suzanne Frisbie and 456 South Ocean Boulevard, Palm Beach (Frisbie Group)
Frisbie Group sells oceanfront Palm Beach townhome for $26M
Frisbie Group sells oceanfront Palm Beach townhome for $26M
arrow_forward_ios

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

Loading...