The king has traded his castle for a stack of cash.
Actor Kevin James, best known for his lead role in the popular sitcom “King of Queens,” just sold his sprawling oceanfront mansion in Delray Beach for $26.38 million.
Located at 502 North Ocean Boulevard, James’ home is an elaborate Mediterranean-style estate with eight bedrooms, 10 bathrooms and 26,000 square feet of living space.
Besides the prime 2.8 acres of beachfront land it occupies, the home also boasts plush finishes like antique European oak and Alhambra tile, as well as touches of limestone and coral.
That’s not even taking into consideration the home’s other luxuries: a garage with room for 10 cars, several manicured gardens, walking paths, seven fireplaces and covered loggias spread throughout.
Listing agent Jack Elkins of the Fite Group called it one of the “largest remaining estates in Delray Beach” and said in his marketing materials that the home mixes “Old World elements with contemporary luxuries.”
According to county records, the buyer is a Florida limited liability company named after the property’s address. The true buyer is currently unknown.
No financing was recorded with the deal, so it was likely paid for in cash. The deal breaks down to about $1,014 per square foot.
James, who originally bought the home for $18.5 million in 2012 through an entity called the Opierussell Trust, first put his mansion on the market in February with an ask of $28.85 million. After only five months and a $2.47 million price cut, James walked away from the property with a profit of roughly $7.8 million.