Le Palais Royal in Hillsboro raises price to $159M

New listing includes guest houses, complete with go-kart track

TRD MIAMI /
Nov.November 11, 2015 01:30 PM

The sprawling Le Palais Royal estate in Hillsboro Beach has reportedly once again hit the market, this time with an eye-popping price tag of $159 million. The estate is one of the most expensive homes for sale in the United States.

Measuring roughly 60,500 square feet, the home occupies more than four acres of waterfront land stretching between both the Intracoastal Waterway and Atlantic Ocean. It was last put up for sale while still under construction in September 2014 for $139 million, but it was delisted a year later, the Wall Street Journal reported.

Designed to resemble France’s Palace of Versailles, the massive estate’s myriad features include six waterfalls, a $2 million marble staircase and more than $3 million worth of gold leaf, according to the Journal. The house has 11 bedrooms, an underground garage with room for 30 cars, a 3,000-bottle wine cellar and a massive 1,300-gallon fish tank. Oh, plus a private IMAX theater.

It’s owned by Middlesex Corp. founder Robert Pereira, who planned to live at the home but later decided to sell it. His construction company is based in Massachusetts but also has a regional Florida office in Orlando.

For this newest listing, the owner has sweetened the deal with an extra lot, where he is now building two guest houses that each measure roughly 3,000 square feet. Also under construction is a go-kart track, ice-skating rink, bowling alley and the estate’s very own nightclub, according to the Journal. Construction for those features will wrap up in about two years.

The listing now belongs to Mayi de la Vega, founder and CEO of One Sotheby’s International Realty. She is the successor of William Pierce, an agent with Coldwell Banker Residential Real Estate who was previously marketing the estate. [Wall Street Journal] — Sean Stewart-Muniz


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