Palm Beach estate listed since ’11 is under contract

Miami /
Mar.March 05, 2016 02:00 PM

The former Palm Beach estate of deceased billionaire John W. Kluge is finally under contract after almost five years on the market with its original $59 million asking price unchanged.

News of the contract was revealed in an update to the Palm Beach Board of Realtors Multiple Listing Service. The identity of the potential buyer and purchase price were unavailable.

Kluge, whom Forbes magazine once ranked among the richest people in the world, died in September 2010 at the age of 95. His will transferred ownership of the oceanfront Palm Beach estate,  known as Las Casa Sin Nombre, to his alma mater, Columbia University, the current owner of the property.

The estate at 89 Middle Road covers almost four acres and has five buildings, including two houses, with a total of 21,500 square feet of living space indoors and outdoors.

Two Palm Beach realty firms have shared the listing for the Kluge estate since 2011. The agents who have jointly marketed the property are Carol Diggs and Carole Hogan of Brown Harris Stevens and Paulette Koch and Dana Koch of Corcoran Group. [Palm Beach Daily News] — Mike Seemuth


Related Articles

arrow_forward_ios
1330 South Ocean Boulevard (Compass)
Waterfront Palm Beach mansion sells for $41M
Waterfront Palm Beach mansion sells for $41M
Phil Gutman with Bess Freedman and Mark Zilbert (Linkedin, Freedman by Studio Scrivo)
Phil Gutman leaves Brown Harris Stevens Miami
Phil Gutman leaves Brown Harris Stevens Miami
(iStock)
South Florida resi sales jump in Q4: Elliman
South Florida resi sales jump in Q4: Elliman
Jeff Miller and Daniel de la Vega 
Jeff Miller leaves Brown Harris Stevens to join One Sotheby’s
Jeff Miller leaves Brown Harris Stevens to join One Sotheby’s
Todd Glaser with aerial view of 870 South Ocean Boulevard in Palm Beach. (Google Maps, Mary Beth Koeth)
Todd Glaser, partners close on Palm Beach home across from ocean for $13M
Todd Glaser, partners close on Palm Beach home across from ocean for $13M
320 Island Road, Palm Beach (Google Maps)
Payday lender CEO buys Palm Beach house for $26M
Payday lender CEO buys Palm Beach house for $26M
W. Allan Jones & 326 Via Linda, Palm Beach (Wikimedia Commons, Google Maps)
Cash king sells waterfront Palm Beach home for $27M
Cash king sells waterfront Palm Beach home for $27M
535 North County Road (Palm Beach Property Appraiser)
Oceanfront Palm Beach spec mansion hits the market, asking record $140M
Oceanfront Palm Beach spec mansion hits the market, asking record $140M
arrow_forward_ios

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

Loading...